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Augmedix secures additional $16 million in Series A funding

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Augmedix secures additional $16 million in Series A funding

Google’s Glass at Work partner Augmedix has received $16 million in Series A venture funding. The round was co-led by the company’s seed investors Emergence Capital and DCM Ventures, bringing the total money raised to $23 million.

Augmedix will use the money to expand operations, fuel product development, and establish new partnership initiatives.

Augmedix has helped customers in 10 states based on pent-up demand from outpatient doctors who want to employ the solution.Powered by Google Glass, Augmedix’s solution is made to help physicians reclaim the hours they spend every day entering or retrieving data from EHRs, freeing them to focus on patient care. The service has a nationwide patient acceptance rating of more than 99%.

“Demand for and reaction to Augmedix have been extremely strong and positive.” said Ian Shakil, CEO of Augmedix.”We’re proud to be making a real difference in patient satisfaction, doctor satisfaction, and health record accuracy. In terms of economic impact, we’ve repeatedly shown that our service effectively turns three doctors into four.”

Since its founding in 2012, Augmedix has helped customers in 10 states based on pent-up demand from outpatient doctors who want to employ the solution. Five national health systems, including Dignity Health, the nation’s fifth largest healthcare provider, have engaged Augmedix. The company has more than 100 employees in offices worldwide, with 80 in its San Francisco headquarters facility, and plans to expand its workforce this year.

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