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Nabla Raises $24M for AI Assistant in Healthcare

Nabla, a Paris-based firm, raises $24 million in a Series B round led by Cathay Innovation, with participation from ZEBOX Ventures and CMA CGM's VC fund. Nabla, with a valuation of $180 million, offers an AI co-pilot for doctors, automating clinical notes. The recent investment follows a collaboration with Permanente Medical Group, achieving a strong presence in the US healthcare market.

Designed by founders including Alexandre Lebrun, former head of Wit.ai acquired by Facebook, Nabla's co-pilot seamlessly converts doctor-patient conversations into detailed medical reports. The AI ensures efficient note-taking, saving doctors time on administrative tasks, emphasizing a collaborative approach alongside healthcare professionals.

Nabla, emphasizing data privacy, operates as a web app and Chrome extension. It utilizes a fine-tuned speech-to-text model, pseudonymizing transcripts for processing with a large language model. Nabla's goal is to enhance efficiency without replacing doctors, envisioning AI support for diagnostic procedures, leaving physicians to focus on empathy, surgeries, and complex decisions.

The platform, used by thousands of clinicians daily, demonstrates efficacy, with real-time transcription, pseudonymization, and EHR integration. Nabla's cautious approach prioritizes human involvement, foreseeing potential autonomous healthcare evolution while maintaining a role for physicians.