This morning Suki, an artificial intelligence-backed healthcare voice tool, announced a $55 million Series C funding round. March Capital led the funding round with participation from Philips Ventures and previous investors Venrock, Flare Capital and inHealth Ventures. 

This news comes more than two years after the company closed a $20 million Series C funding round led by Flare Capital Partners. As of today, the company has roughly $95 million in venture dollars, according to Crunchbase.

WHAT IT DOES

Suki was designed to help clinicians with their paperwork. Providers can use the technology to take notes, streamline administrative tasks and find information in a patient's EHR.  

During a patient visit, the system is able to use natural language processing in order to capture relevant spoken information. It can then document and integrate it into the EHR after a doctor has signed off. 

Suki has also developed a suite of APIs for healthcare called the Suki Speech Platform. 

WHAT IT’S FOR 

The company plans to use the new cash to expand its user base and grow the capabilities of Suki Assistant and the Suki Speech Platform. 

“We are at a turning point in healthcare, where it’s now imperative to offer technology that improves physician burnout caused by documentation and administrative burden,” Punit Soni, CEO of Suki, said in a statement.

“With the strong support of our investors, Suki is poised to address this issue at an even larger scale and advance high-value, coordinated care through cutting-edge technology that integrates seamlessly into a physician's daily practice.” 

MARKET SNAPSHOT

This isn't the only startup looking to help providers cut back on paperwork. Clinical automation company Notable landed $100 million in November as part of its Series B funding round. Notable can work on the Apple Watch in order to help providers with charting. 

Palo Alto, Calif.-based Robin Healthcare is also working in the clinician workflow space. In 2019, the company scored $11.5 million in Series A funding.

ON THE RECORD 

“March was instantly drawn to Suki’s mission to help healthcare organizations lift the administrative burden from doctors so they can focus on taking care of their patients,” Wes Nichols, partner at March Capital, said in a statement.

“My first exposure to Suki was observing my doctor using his phone to update his EHR and pharmacy, which compelled me to ask him about what he was using. He was thrilled with Suki as a user, and I knew I had to meet the founder.

"Doctor burnout is a public health crisis, which makes Suki’s cutting-edge AI-powered voice assistant a game-changing solution for doctors and health systems everywhere. We look forward to working closely with Punit and the Suki team and applying March’s operational and industry expertise to accelerate Suki’s growth and product innovation.”