Important points
Danish healthcare AI startup Corti will go public “someday” but not in 2026, the company’s CEO told CNBC. “Private markets are still very attractive in terms of financing,” Andreas Klebe said on Tuesday, when asked if the company had any plans to go public, but added: “We will definitely go public at some point.” “But not next year,” he added. Corti was founded in Denmark in 2016 to develop clinical-grade healthcare AI infrastructure. The company says it supports 250,000 patient interactions per day in hospitals across Europe and the US, and is working with the NHS in the UK. Speaking at Squawk Box Europe, Cleve explained how the technology is being used in healthcare systems. “Imagine if you had an AI entity that could actually do the work, fill out the work, and actually do the documentation. That’s kind of the vision here, because 30% of all the work done in healthcare today is on paper, and it’s not the patient,” he said. He added that reducing the amount of time it takes to process paperwork “would result in a completely different health care system and significantly lower health care costs.” The company has argued that general-purpose AI developed by companies such as OpenAI and Anthropic cannot meet medical requirements. Other players in this space include Abridge, Ambience Healthcare, and DeepScribe. Corti last raised funding in 2023, when it raised $60 million in a Series B funding round, valuing the company at $260 million. Prosus Ventures and Atomico co-led the round, with participation from existing investors Eurazeo, EIFO, and Chr. Augustinus Fabricker.
