General Catalyst, Andreessen Horowitz bet on large language models for health care

Abstraction: VC firms co-lead $50M seed round for LLM healthcare startup

Key points:

• General Catalyst and Andreessen Horowitz co-led a $50 million seed round for Hippocratic AI — a rare joint investment by competing heavyweight VC firms
• Hippocratic AI aims to apply LLMs to alleviate healthcare worker shortages and burnout
• Potential use cases include genetic counseling, nutritional coaching, and eventually diagnostic guidance (if proven safe)
• Founded by Munjal Shah and Meenesh Bhimani, who began work in January 2023 as public LLM awareness grew
• Framed as "what if every person had a free dietitian" — infinite virtual healthcare workers concept

Connections: General Catalyst · Andreessen Horowitz · Hippocratic AI · Large Language Models · Healthcare AI

Source: https://www.statnews.com/2023/05/16/artificial-intelligence-health-care-llm-general-catalyst-a16z/