Suki Raises $90 Million to Expand Medical AI Platform
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Suki Raises $90 Million to Expand Medical AI Platform

Suki has successfully raised $90 million in Series E funding. These funds are intended to accelerate the company's growth and expand its artificial intelligence platform in healthcare. New investors joined this round, including Healthier Capital, Crosslink Capital, and Hercules Capital, alongside existing institutional investors.

Suki's investor base also includes Venrock, Flare Capital Partners, Hedosophia, Philips Ventures, and Zoom Ventures. The company plans to direct the investment towards AI development, commercial growth, and strengthening its partner ecosystem. Initially, Suki focused on real-time intelligent analysis of clinical data and medical documentation automation.

Over time, the company expanded its scope to include clinical reasoning, revenue cycle management, and integration into daily workflows. Suki's broader goal is to unify intelligent systems across various medical institutions. Currently, its clinician-focused application serves over 450 healthcare organizations.

More than 30 technology partners integrate Suki's AI into their platforms. These partnerships help embed Suki's capabilities into tools already used by healthcare teams. Furthermore, Suki aims to deepen existing integrations rather than simply increasing the number of partners.

The Suki platform is not just designed for recording patient conversations. Its tools can generate clinical notes, suggest billing codes, support order entry, and summarize patient information. Recently, the company introduced the Ask feature, which utilizes Wolters Kluwer's expert AI, UpToDate, to provide clinicians with clinical knowledge within their workflows, based on verified medical data and relevant patient information.

Additionally, Suki intends to develop AI agents that will perform tasks after patient visits. Such tasks may include referral coordination and prior authorization management for medications. The company plans to leverage data from its current tools to support these activities.

Suki's latest funding followed significant growth in adoption and commercial efficiency. The number of patient encounters supported by the company's technology increased by over 190% year-over-year in 2026. Revenue doubled in 2025 and shows a trend toward similar growth in 2026. Revenue from Suki's business partners has also grown more than tenfold in the last two years, and the company currently collaborates with over 30 technology partners whose platforms integrate Suki's AI into existing clinical and telemedicine workflows.

Healthier Capital partner Aman Mahajan will join Suki's board of directors. He brings experience in clinical medicine, health technology, and healthcare system leadership. His previous roles included positions at UPMC and UCLA Health. This strategy may facilitate the adoption of more Suki capabilities into platforms already utilized by medical organizations.

Suki plans to use the new capital to enhance its AI technologies, integrations, and commercial structure. Expansion of functionality available through the partner network is also planned. This strategy aims to connect clinical, financial, and operational workflows. Founder and CEO Punith Soni believes that healthcare requires more than disparate AI tools; he sees an opportunity to create an intelligent operating system for healthcare that helps clinicians and organizations complete work throughout the entire treatment journey.

Suki also highlights the financial value of its technologies. According to KLAS-validated results, the average monthly financial impact exceeds $2,600 per provider. The company asserts that this leads to reduced documentation time and decreased off-site working hours.

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SWI raised €800 million to expand artificial intelligence infrastructure in Europe and the US
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ventureburn.com

SWI raised €800 million to expand artificial intelligence infrastructure in Europe and the US

SWI Group has raised €800 million from institutional investors to develop its artificial intelligence infrastructure. The investment holding company, whose shares are listed in Amsterdam, reported a valuation of €6.1 billion. This latest funding increased the volume of capital raised from equity since March 2026 to over €1 billion.

The company plans to use the funds to develop energy infrastructure, acquire computing equipment, and build data centers. SWI's main focus is on digital infrastructure in both Europe and the United States. Its strategy includes increasing AI computing power and developing services for cloud service clients.

SWI did not disclose the identities of the institutional investors participating in the latest funding round. The transaction involved increasing the company's common shares to approximately 558.4 million, and its free float grew by about 20%.

SWI's expansion is based on acquiring control of Genesis Digital Assets. Earlier, in June 2026, the company announced its intention to invest $500 million in Bitcoin mining business. It was reported that Genesis Digital had 1.3 gigawatts of connected and approved network capacity across 15 facilities.

SWI planned to repurpose suitable sites for high-performance computing and AI. The acquisition was carried out through subsequent deals in the following months. Later, SWI acquired an additional 4.4% stake from funds managed by Stone Ridge Asset Management.

By September, the company reported owning approximately 70% of voting rights. Genesis Digital was renamed SWI Digital. SWI intends to offer its facilities to major cloud providers in Texas, North Carolina, and South Carolina, as well as offering its Swedish infrastructure to potential clients.

The company is selling the remaining three small Bitcoin mining sites in Kazakhstan, as management indicated that Bitcoin mining is no longer a central element of its strategy. Repurposing existing infrastructure may help SWI meet the demand for AI computing.

Recent SWI reports demonstrate an extensive infrastructure development plan. Its US-focused platform has about 1.2 gigawatts of secured network connections, and the European business AiOnX plans an additional 2.3 gigawatts of capacity. These figures illustrate the group's projected scale in both regions, but they reflect only secured power access and planned projects, not currently operational AI computing power.

SWI is developing its own enterprise and developer-oriented AI cloud platform that will provide access to GPU resources. The new funding will be directed towards advancing data center construction and equipment deployment.

Previously, Genesis Digital received a significant $1.15 billion from the trading firm Alameda Research, owned by Sam Bankman-Fried, between August 2021 and April 2022. However, after the collapse of FTX, the FTX Recovery Trust intervened, filing a lawsuit to recover these funds. The trust alleged that the misappropriated funds were used and assets were acquired at inflated prices. The trust withdrew all claims on June 15, 2026, the same day SWI announced its initial investment in Genesis Digital.

The new funding underscores SWI's continued commitment to AI infrastructure. The company's success will partly depend on converting available network connections into valuable computing services. Demand from cloud providers could support the company's expansion into international markets.

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