Health-tech’s next productivity leap won’t come from AI alone—it will require rethinking who delivers care and where.
Aidoc's FDA Breakthrough Nod for Chest X-Rays: The Gate Opens, But the Moat Isn’t Dug Yet
Abridge Proves AI Scribes Work for Nurses—Now the Real Play Begins
Whoop's regulatory gamble crystallizes: wellness wearables now have FDA permission to monetize health signals
Aidoc's FDA Breakthrough Nod Signals Hard Gatekeeping for Diagnostic AI
Oura makes a smart ring that tracks sleep, heart rate variability, temperature, and activity, providing health insights and illness-detection algorithms via a subscription app. Confidentially filed for US IPO in May 2026.
Whoop provides a screenless wristband and subscription service that tracks strain, recovery, and sleep, targeting athletes and high-performance professionals.
Hippocratic AI develops a safety-focused large language model for patient-facing non-diagnostic clinical tasks like pre-op calls, discharge follow-ups, and chronic care check-ins.
Verily, an Alphabet precision health company, builds an AI-native platform (Pre) for harmonizing healthcare data and deploying clinical intelligence into research and care workflows.
Aidoc provides an enterprise AI platform (aiOS) that analyzes medical imaging — CT, MRI, X-ray — to flag critical conditions like pulmonary embolism, intracranial hemorrhage, and spinal fractures in real time.
Paige builds AI-based digital pathology software including the first FDA-approved AI for prostate cancer detection in whole-slide imaging, plus a cloud-based pathology viewer.
Big Health develops FDA-cleared digital therapeutics — Sleepio for insomnia and Daylight for anxiety — delivered as automated cognitive behavioral therapy through a mobile app.
Datavant provides privacy-preserving health data connectivity, enabling de-identified patient record linkage across disparate data sources for life sciences, payers, and providers.
Ro operates a vertically integrated telehealth platform spanning men's and women's health, weight management (Body Program), and at-home diagnostics with in-house pharmacy fulfillment.
Abridge generates AI-powered clinical notes from patient-clinician conversations, with deep Epic integration and a new autonomous medical coding product.
Modern Health provides an employer-focused global mental health platform covering coaching, therapy, and self-guided programs across 50+ languages.
Lyra Health provides employer-sponsored mental health benefits, matching employees to evidence-based therapy, coaching, and medication management through an AI-driven matching platform.
Hims & Hers operates a telehealth platform offering direct-to-consumer prescription treatments for hair loss, sexual health, mental health, and weight management.
Commure provides ambient AI documentation, clinical workflow automation, and patient engagement tools, with deep MEDITECH integration and HCA Healthcare as a marquee customer.
Noom combines psychology-based behavior change content with human coaching and AI to deliver weight management and chronic condition programs via mobile app.
Carbon Health operates tech-enabled primary and urgent care clinics alongside a virtual care platform, using a proprietary EHR and AI tools to manage patient flow.
Spring Health provides AI-driven mental healthcare navigation for employers and health plans, screening members across 12 conditions and connecting them to the right provider rapidly.
Doximity is the largest digital platform for US physicians, providing clinical communication tools, telehealth, and a professional network used by over 80% of doctors.
Cleerly uses AI to analyze coronary CT angiography scans to quantify and characterize atherosclerotic plaque, enabling personalized heart attack risk assessment.
Medable is a decentralized clinical trial platform for sponsors and CROs, offering eConsent, eCOA/ePRO, televisits and AI-powered study build tools across 60+ countries.
Virta Health delivers a digital therapeutic for type 2 diabetes reversal through nutritional ketosis, continuous remote monitoring, and medical provider supervision.
Suki provides AI-powered voice and ambient clinical documentation that integrates with major EHRs, plus a voice assistant (Suki Assistant) for clinical tasks.
Butterfly Network produces the Butterfly iQ — a handheld, semiconductor-chip-based whole-body ultrasound device with AI guidance software.
Nabla builds an ambient AI assistant that generates clinical notes from conversations, deployed across 130+ healthcare organizations with a new ambition to build agentic AI for healthcare.
Innovaccer provides a healthcare data activation platform that unifies patient data across EHRs, claims, and social determinants to power population health, value-based care, and AI-driven insights.
Amwell provides an enterprise telehealth platform for health systems, health plans, and employers, including a Converge platform integrating digital behavioral health and chronic care.
CodaMetrix provides an AI-powered autonomous medical coding platform that automates CPT and ICD code assignment from clinical documentation for health systems.
Komodo Health maps 330M+ de-identified patient journeys by linking claims, lab, genomics, and demographic data, powering real-world evidence analytics for life sciences and providers.
One Medical combines tech-enabled brick-and-mortar primary care clinics with a digital app for 24/7 virtual visits, prescription renewals, and seamless scheduling.
Teladoc provides virtual care across primary, chronic condition management, and mental health through its Teladoc and Livongo platforms.
Headspace Health offers a D2C and B2B mental health platform combining meditation, mindfulness, therapy, and coaching, serving consumers, employers, and health plans.
Viz.ai uses AI to analyze CT scans for suspected stroke, pulmonary embolism, and aortic disease, then auto-activates the care coordination workflow across the care team.
PathAI builds AI-powered pathology tools for diagnostic labs and pharmaceutical companies, analyzing digitized tissue slides to detect cancer and grade disease severity.
Redox provides a cloud-based integration platform that connects healthcare applications to 100+ EHRs through a single standardized API, with real-time bidirectional data exchange.
Health Gorilla operates a secure health data-sharing platform as a Qualified Health Information Network (QHIN), delivering real-time, deduplicated, AI-ready clinical data.
Fathom applies deep learning to automate medical coding across 40+ specialties, claiming 95.5% automation rate at 98.3% accuracy for its health system clients.
DexCom manufactures continuous glucose monitors (CGM) — G6 and G7 sensors — that stream real-time glucose data to smartphones for diabetes management.
Minicircle develops non-viral plasmid (minicircle DNA) gene therapies for longevity, performance and wellness, delivered through partner clinics outside the US regulatory framework.
Omada delivers virtual-first chronic care programs for prediabetes, diabetes, hypertension, and musculoskeletal conditions, combining sensors, AI coaching, and human care teams.
Abbott's FreeStyle Libre continuous glucose monitoring system is the most widely used CGM globally, with a sensor-based wearable and mobile app for real-time glucose tracking.
Nothing on the calendar yet.
Democratic lawmakers plan investigations into major healthcare topics if they win congressional majorities in November.
Median checks climbed from $70M in 2024 to $225M in 2026. Capital concentrates in two stories: consumer wearables — Oura's $900M Series E at $11B, Whoop's $575M Series G at $10.1B, Hims & Hers' $1B convertible — and AI documentation, where Abridge raised $300M at $5.3B. The sector's $19.7B Nuance and $3.9B One Medical exits are now historical.
This is a late-stage sector: ten of 17 rounds since 2025 were growth-stage, with only two Series C and two Series B and no fresh seeds. The AI-scribe wave (Abridge, Nabla, Commure, Hippocratic) and wearables crowd the growth rounds, while M&A runs smaller now — Tempus AI bought Paige for $81M in August 2025.
General Catalyst dominates with ten leads and stays active (Commure, June 2025); Andreessen Horowitz led Abridge's $300M. New money skews institutional — Goldman Sachs Alternatives led Aidoc, Avenir Growth took Hippocratic, Fidelity priced Oura at $11B. Tiger Global, a five-time lead, hasn't led a round since 2021.