Mario Aguilar covers technology in health care, including artificial intelligence, virtual reality, wearable devices, telehealth, and digital therapeutics. His stories explore how tech is changing the practice of health care and the business and policy challenges to realizing tech’s promise. He’s also the co-author of the free, twice weekly STAT Health Tech newsletter. You can reach Mario on Signal at mariojoze.13.

Artificial intelligence developer Nabla has raised $70 million as the company looks to expand its software that automates clinical note-taking to additional applications, like billing.

The fundraise, led by HV Capital, follows rapid adoption of ambient scribe technology among health systems hoping to address clinician burnout. Since 2023, it has been among the best-funded applications of AI in health care, including substantial raises from Nabla competitors: Abridge announced it raised $250 million in February, and both Ambience and Suki announced $70 million fundraises in 2024. Microsoft-owned Nuance is also a competitor.

Nabla was founded in 2018 by a team including engineers Alex LeBrun and Martin Raison, who previously worked at Facebook, which acquired their company, Wit.ai, in 2015. “We were seeking redemption from selling ads,” LeBrun, the company’s CEO, told STAT. They turned to health care as a way to apply their AI skills to “something useful.” (Before Wit.ai, LeBrun’s company VirtuOz was acquired by Nuance.)

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