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Hippocratic AI, a safety-focused large language model for health care, scored another $17 million led by Nvidia's venture arm.

Why it matters: It puts money behind Nvidia's previously announced collaboration with Hippocratic AI.

Nvidia's NVentures arm was joined by Greycroft and Leo Shapiro of 7Wire Ventures.

Catch up quick: Hippocratic added $53 million to its Series A in March, and announced a partnership with Nvidia to see if the chipmaker's hardware might accelerate response times of its AI agents.

At the time, Nvidia told the Financial Times that the partnership entailed no financial commitment on either end.

The new capital rounds out Hippocratic's Series A — which included investors like General Catalyst and Andreessen Horowitz — to $137 million.

The big picture: Nvidia continues to dominate the generative AI chip market across sectors — vastly overshadowing peers Qualcomm and Intel, which are reportedly in merger talks. 

The chipmaker was the fourth-largest corporate investor in 2023, with a handful of health-focused AI investments.

Between the lines: It's unclear whether Hippocratic's valuation has changed from the $500 million figure it was touting in March. 

The company did not respond to a request for comment on valuation or use of proceeds.

How it works: As with efforts by others in the space, Hippocratic is focused on applying its AI agents to a range of low-risk medical tasks, such as post-discharge follow-ups, health surveys and assessments and pre-operative outreach.

Hippocratic AI bags $17M from Nvidia VC arm

It puts money behind Nvidia's previously announced collaboration with Hippocratic AI.

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Hippocratic AI, a safety-focused <a class="gtmContentClick" data-vars-link-text="large language model" data-vars-click-url="https://www.axios.com/pro/health-tech-deals/2024/03/19/hippocratic-ai-53-million-medical-llm" data-vars-content-id="15dbcacd-cb55-415f-89d5-9bb947b8dbbf" data-vars-headline="Hippocratic AI bags $17M from Nvidia VC arm" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/pro/health-tech-deals/2024/03/19/hippocratic-ai-53-million-medical-llm" target="_self">large language model</a> for health care, <a class="gtmContentClick" data-vars-link-text="scored another $17 million" data-vars-click-url="https://www.businesswire.com/news/home/20240919304919/en/Hippocratic-AI-Receives-Investment-From-NVentures-to-Build-Generative-AI-Healthcare-Agents" data-vars-content-id="15dbcacd-cb55-415f-89d5-9bb947b8dbbf" data-vars-headline="Hippocratic AI bags $17M from Nvidia VC arm" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.businesswire.com/news/home/20240919304919/en/Hippocratic-AI-Receives-Investment-From-NVentures-to-Build-Generative-AI-Healthcare-Agents" target="_blank">scored another $17 million</a> led by Nvidia&#x27;s venture arm.Why it matters: It puts money behind Nvidia&#x27;s previously announced collaboration with Hippocratic AI.

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Hippocratic AI bags $17M from Nvidia VC arm

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