Premji Invest and General Catalyst led a $53m Series A round in Hippocratic AI.

Premji Invest, a privately held investment firm, and General Catalyst, a venture capital firm, led a $53m Series A round in Hippocratic AI, an artificial intelligence company, with participation from SV Angel, Memorial Hermann Health System, a16z Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services. “Premji Invest supports the Azim Premji Foundation’s non-profit activities in perpetuity by investing in companies that can create long-term societal value. The Foundation runs deep, on-the-ground work in healthcare and education. Hippocratic AI’s approach towards safe AI helps further the Foundation’s mission. The team has the potential to transform healthcare with an LLM that is safe and effective. We look forward to working with this ambitious and talented team to achieve better outcomes for patients around the globe,” Sandesh Patnam, Premji Invest Managing Partner.