Key Points
Danish healthcare AI startup Corti will go public “at some point,” but not in 2026, its CEO told CNBC. Asked on Tuesday whether the company had a timetable for its IPO, Andreas Cleve said that “the private market is still very attractive when it comes to fundraising,” but added: “We will definitely go public at some point.” “But not next year,” he added. Corti was founded in Denmark in 2016 and has developed AI infrastructure for clinical-grade healthcare. The company claims to support 250,000 patient interactions per day in hospitals across Europe and the US, and works with the NHS in the UK. Speaking on Squawk Box Europe, Cleve described how he sees technology being used in a healthcare system. “Imagine you have an AI entity that could actually do work, that could complete tasks, that could actually do documentation. That’s kind of the vision here, because 30% of all the work done in healthcare today is on paper, it’s not patients,” he said. He added that reducing the time spent on paperwork “would create a completely different health system and significantly reduce the cost of care.” The company argued that general-purpose AI developed by companies like OpenAI and Anthropic is unable to meet the demands of healthcare. Other players in the sector include Abridge, Ambience Healthcare and DeepScribe. Corti last raised money in 2023, raising $60 million in a Series B funding round, which valued the company at $260 million. Prosus Ventures and Atomico co-led the round, which also included existing investors Eurazeo, EIFO and Chr. Augustin Fabrikker.
