Freed, an AI clinician assistant designed to scale back the burdens of medical documentation, at present introduced it has raised $30 million in Sequence A funding, led by Sequoia Capital with participation from Scale Enterprise Companions, Daniel Gross, Gokul Rajaram, and Ted Zagat. This brings Freed’s whole funding to $34 million, because the startup cements its place as one of many fastest-growing health-tech corporations within the U.S.
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“Freed was constructed as a love letter to clinicians—beginning with my spouse, a household doctor”
Tackling Clinician Burnout
Freed exists to offer clinicians time again of their day. Immediately’s clinicians face an amazing documentation workload, with many spending 19 hours per week on paperwork and administration.
In consequence, the U.S. healthcare system is going through a disaster of clinician burnout, with 50% of physicians reporting signs of burnout, and one-third of major and acute care suppliers contemplating leaving the career altogether. The truth is, in line with a latest report by the AAMC, the U.S. is ready to face a scarcity of 86,000 physicians by 2036.
Freed tackles this burnout disaster head-on, utilizing AI to automate documentation and cut back administrative friction. Freed’s AI scribe product, which automates the notetaking course of, saves clinicians about 2 hours per day. Since Freed launched in 2023, the corporate has saved clinicians over 2.5 million cumulative hours.
A Well-liked Answer Offers Rise to a Well being-Tech Anomaly
Widespread early adoption has fueled Freed’s meteoric progress. Since launching in 2023, the corporate has expanded its person base to greater than 17,000 paying clients throughout 96 specialties. Pushed by its direct-to-clinician mannequin, which bypasses the usually sluggish procurement cycles of conventional hospital techniques, Freed is seeing 4x YoY ARR progress at scale—reflecting a progress fee extra typical of client SaaS corporations like Slack and Zoom. After gaining reputation primarily amongst particular person and small practices, the corporate is now seeing rising demand from bigger enterprises and group practices, whose clinicians are additionally in want of an answer that relieves them of administrative burden.
“Freed was constructed as a love letter to clinicians—beginning with my spouse, a household doctor,” stated Erez Druk, Freed’s Co-Founder and CEO. “My spouse and her fellow clinicians dedicate their careers to caring for others, and so they need to have an organization that dedicates itself to caring for them. They need to dwell balanced lives that permit them to recharge.“
Freed’s origins stem from a deeply private mission. After years of watching his spouse, Dr. Gabi Meckler, spend nights and weekends finalizing affected person notes, Druk teamed up with Freed CTO Andrey Bannikov to co-found the corporate. Each had been former Meta engineers who introduced years of tech and entrepreneurial expertise to the venture. In addition they collaborated with Druk’s longtime good friend, Yonatan Loewidt, an entrepreneur who turned an early investor.
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“What drew me to Freed at first was the relentless give attention to fixing an actual, pressing drawback for clinicians,” stated Yonatan Loewidt, Freed Founding Investor and Board Member. “Watching the early prototypes we constructed from scratch evolve right into a device that’s now used and cherished by hundreds of clinicians is extremely rewarding. Freed is greater than a product—it’s a motion to assist clinicians reclaim priceless time of their day-to-day lives.”
Constructing New Options and Capabilities
Alongside the funding announcement, Freed is unveiling new AI-powered and different superior options that stretch its capabilities past observe writing, accelerating its evolution right into a complete AI clinician assistant. These embrace:
- Specialty-Particular Notes: Notes are tailor-made and optimized for various scientific specialties.
- Customized Template Builder: Customized documentation that adapts to every clinician’s preferences.
- Pre-Charting: AI-generated affected person summaries and follow-ups to arrange clinicians earlier than affected person visits.
- EHR Integration by way of Browser Extension: Seamlessly integrates Freed’s AI assistant into current scientific workflows.
“Freed’s AI clinician assistant is transformative, saving tens of hundreds of clinicians hours every week. Time and pleasure are given again to clinicians who, in flip, can present even higher care,” stated Josephine Chen, companion at Sequoia Capital. “The healthcare business is embracing AI expertise at an unprecedented tempo – and that is solely the start.”
Freed’s human-centered strategy embodies the idea that addressing the clinician burnout disaster head-on equates to fewer clinicians leaving drugs, extra individuals getting into drugs, and a more healthy healthcare system with higher affected person outcomes. With Freed, clinicians can lastly reclaim what issues most: their treasured time and power.
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