Assort Health just closed a $50 million Series B round at a $750 million valuation, marking the latest surge in AI-powered healthcare automation. The startup's voice agents handle repetitive patient calls for specialty practices, joining a growing field of companies betting AI will transform medical office operations. Sources familiar with the deal confirm Lightspeed Venture Partners led the round.
Assort Health has become the latest healthcare AI startup to land massive funding, securing $50 million in a Series B round that values the company at $750 million according to three sources familiar with the deal speaking to TechCrunch. The round, led by Lightspeed Venture Partners, comes just four months after the company's $22 million Series A, highlighting the breakneck pace of investment in AI-powered medical office automation.
The timing couldn't be more telling. Healthcare investors are placing increasingly large bets that AI voice agents will revolutionize how medical practices handle the endless stream of patient calls that bog down front desk staff. "The company's AI voice agents are designed to take over high-volume, repetitive tasks like scheduling, cancellations, and frequently asked questions," according to the TechCrunch exclusive, allowing human staff to focus on more complex patient interactions.
Assort Health finds itself riding a wave of similar funding announcements. Just last week, EliseAI announced a massive $250 million Series E led by Andreessen Horowitz, valuing the real estate and healthcare automation company at $2.2 billion. Meanwhile, Hello Patient quietly raised a $20 million Series A at a $100 million valuation from Scale Venture Partners earlier this month, according to sources.
The surge reflects a broader transformation sweeping healthcare. Medical practices have already embraced AI scribes from companies like Abridge and Ambience Healthcare to reduce documentation burdens. Now investors are betting patient communication represents the next frontier for AI implementation, particularly as specialty practices struggle with long wait times and patient retention.
For Assort Health, the market opportunity appears substantial. The startup serves small and medium specialty care offices where "fast responses by an AI agent may help these offices lose fewer patients to competing practices," as the company positions itself against traditional appointment booking systems. With annual recurring revenue hovering just above $3 million, the company is "growing quickly," according to .
