When an Indian-origin cofounder raises $243 million in one of the largest health tech raises of 2025, it exemplifies the extraordinary potential of Indian-origin talent scaling globally. Nikhil Buduma and co-founder Michael Ng are building AI that already supports more than 100 ambulatory subspecialties, EDs, and inpatient specialties.
What is the news?
- Ambience Healthcare, co-founded by Nikhil Buduma and Michael Ng, has raised $243 million in Series C funding led by Oak HC/FT and Andreessen Horowitz, marking one of the largest health tech raises in 2025.
- The ambient AI platform automates clinical documentation across 100+ medical specialties, achieving a 97.7 customer satisfaction score and becoming the first ambient solution with third-party validated, CFO-approved ROI through improved coding accuracy.
Why is it interesting?
- The platform’s ability to adapt to 100+ subspecialties without workflow redesign showcases sophisticated technical execution. Their technology handles the nuanced regulatory, clinical, and operational demands of real-world healthcare across ambulatory clinics, emergency departments, and inpatient hospitals.
- Cleveland Clinic, UCSF Health, Houston Methodist, and Memorial Hermann have made Ambience’s platform central to their clinical operations.