Here's the pitch deck that Point72-backed Heidi Health used to raise $65 million to battle in the AI scribe race

"The Australian healthcare AI company raised $65 million in a Series B round led by hedge fund manager Steve Cohen's Point72 Private Investments. The round values Heidi Health at $465 million post-money and brings its total funding to about $97 million to date. The Series B raise comes just seven months after Heidi raised its $16.6 million Series A, led by Headline and including Anthology, Anthropic, and Menlo Ventures' $100 million partnership fund. Heidi is gaining traction despite how crowded the ambient documentation space has become."

"Cofounder and CEO Dr. Thomas Kelly, a former vascular surgery resident, founded Heidi Health in 2019 under the name Oscer with tech to help medical students study for their exams. Two years later, seeing a bigger opportunity to ease doctors' administrative burdens, he rebranded the company and pivoted toward automating clinical documentation. One of Heidi's biggest differentiators, Kelly said, is prioritizing physician adoption over rigid integration with electronic health records."

Heidi Health raised $65 million in a Series B led by Point72 Private Investments, valuing the company at $465 million and bringing total funding to about $97 million. The Series B followed a $16.6 million Series A seven months earlier that included Headline, Anthology, Anthropic, and Menlo Ventures. The company focuses on an AI medical scribe offered free with a $70/month premium tier. Roughly half of sales come from direct physician sign-ups rather than institutional contracts. Heidi prioritizes physician adoption over rigid EHR integration and intends to build an AI medical search tool to compete with OpenEvidence.

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