M*Modal provides AI and speech-powered clinical documentation and Speech Understanding™ solutions to hospitals and physicians. Its cloud-based platform and data analytics support more than 250,000 physicians across over 150 EHRs, including Epic, Cerner, MEDITECH, athenahealth, eClinicalWorks, and Allscripts. The company is one of the largest clinical transcription service providers in the U.S. and maintains a global network of medical editors. M*Modal holds an extensive intellectual property and patent portfolio for AI in healthcare and is consistently ranked Best in KLAS, #1 Speech Recognition: Front-End EMR. The company plans to use the financial transaction to accelerate investment in technological innovation and client acquisition and to meet growing demand for virtual provider assistants and conversational documentation. Financially, its largest investors converted $70 million of debt into equity to provide capital supporting growth and product development.

Total raised

$70M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2018