About Augmedix
Augmedix is a company based in San Francisco (United States) founded in 2012 was acquired by Commure in October 2024. It operates as a AI-as-a-Service, and Subscription Services. Augmedix has raised $118.31 million across 12 funding rounds from investors including HCA Healthcare, Kleiner Perkins and McKesson. The company has 133 employees as of March 29, 2024. Augmedix offers products and services including Augmedix Go and Emergency Medicine App. Augmedix operates in a competitive market with competitors including Suki, Abridge Inc, Heidi and DeliverHealth Solutions, among others.
- Headquarter San Francisco, United States
- Employees 133 as on 29 Mar, 2024
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Augmedix
- Date of Incorporation 25 Feb, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$653.99 K (USD)172.59as on Mar 31, 2023
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Net Profit
$39.66 K (USD)147.41as on Mar 31, 2023
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EBITDA
$66.19 K (USD)227.83as on Mar 31, 2023
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Total Equity Funding
$118.31 M (USD)
in 12 rounds
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Latest Funding Round
$12 M (USD), Post-IPO
Apr 20, 2023
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Investors
HCA Healthcare
& 18 more
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Employee Count
133
as on Mar 29, 2024
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Acquired by
Commure
(Oct 02, 2024)
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Products & Services of Augmedix
Augmedix offers a comprehensive portfolio of products and services, including Augmedix Go and Emergency Medicine App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ambient AI generates accurate medical notes for clinicians.
Specialized app handles complex emergency medicine workflows.
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Funding Insights of Augmedix
Augmedix has successfully raised a total of $118.31M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $12 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $12.0M
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Post-IPO - Augmedix | Valuation |
investors |
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| Mar, 2021 | Amount | Debt – Conventional - Augmedix | Valuation |
investors |
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| Oct, 2020 | Amount | Series C - Augmedix | Valuation | Redmile Group , McKesson |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Augmedix
Augmedix has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include HCA Healthcare, Kleiner Perkins and McKesson. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt firm that does debt investment in the US
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Founded Year | Domain | Location | |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Founded Year | Domain | Location | |
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Investments are directed by McKesson Ventures toward early-stage healthcare startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Augmedix
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Augmedix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Augmedix Comparisons
Competitors of Augmedix
Augmedix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Suki, Abridge Inc, Heidi and DeliverHealth Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-backed voice solutions for medical documentation are provided.
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| domain | founded_year | HQ Location |
AI-based platform for recording and managing health conversations is provided.
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| domain | founded_year | HQ Location |
An AI medical scribe is developed for clinical documentation automation.
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| domain | founded_year | HQ Location |
EHR management software is provided for healthcare professionals and organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Augmedix
Frequently Asked Questions about Augmedix
When was Augmedix founded?
Augmedix was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Augmedix located?
Augmedix is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Augmedix a funded company?
Augmedix is a funded company, having raised a total of $118.31M across 12 funding rounds to date. The company's 1st funding round was a Series C of $25.91M, raised on Jan 22, 2013.
How many employees does Augmedix have?
As of Mar 29, 2024, the latest employee count at Augmedix is 133.
What is the annual revenue of Augmedix?
Annual revenue of Augmedix is $653.99K as on Mar 31, 2023.
What does Augmedix do?
Augmedix is engaged in providing ambient AI solutions for medical documentation across various healthcare settings, including emergency departments and primary care. The companys technology captures patient-clinician conversations and generates accurate medical notes, allowing clinicians to focus on patient interaction. Solutions are tailored to different specialties like oncology and emergency medicine, with customizable levels of AI automation and human support. Security and compliance are prioritized with HITRUST certification and HIPAA adherence. Integration with popular EHR systems is supported to enhance workflow efficiency in hospitals and clinics.
Who are the top competitors of Augmedix?
Augmedix's top competitors include Abridge Inc, Suki and Heidi.
What products or services does Augmedix offer?
Augmedix offers Augmedix Go and Emergency Medicine App.
Who are Augmedix's investors?
Augmedix has 19 investors. Key investors include HCA Healthcare, Kleiner Perkins, McKesson, Commure, and Sutter Health.
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