Doximity acquires AI Medicay starting course for $ 63 million

Doximity Deeper diving artificial intelligenceOn Thursday, announcing the Medical starting course for $ 63 million.

Pathway has built an artificial intelligence reference tool that doctors can use to ask questions about instructions, medicines and experiments. Pathway answers from medical literature are manufactured, and Doximity said that the starting start of the resident Montreal has one of the largest organized data collections in medicine.

Doximity platform, which has been described for years as LinkedIn for doctorsDoctors are currently helping to stay on medical news, paper management, find referrals, and perform a distance health care dates with patients. By acquiring the path, Doximity hopes that doctors also turn to the platform to answer their clinical questions.

“We looked at high and low, and I think we found the best company in the space to answer doctors’ questions using artificial intelligence, and was not in the Silicon Valley, “Jeff Tangney, co -founder and CEO of Doximity told CNBC in an interview.

De dead said that the deal was closed in late July to obtain a cash consideration of $ 26 million and up to 37 million dollars in granting additional shares.

Tangney said the completion of the Doximity with Pathway is ongoing, and companies test a common product with thousands of doctors.

Doximity already has a free AI product, and Doximity GPT, doctors can use to create insurance messages and summarize the patient’s plans and reports. Dr. Amit Fall, chief clinical experience of the dead, said the path will bring an additional “durability” to the data that doximity at the back end.

“What is the path he brings to this party or this marriage is that they have a very very strong data collection linking doses to literature to literature to cite,” Fall told CNBC in an interview.

Dolly said that the path model recorded 96 % on the standard of examining the American medical license, which doctors must prove that they understand and can apply medical knowledge.

Doximity, which became public in 2021, witnessed 8 % increase this year after an increase of 90 % in 2024. The market value is about $ 11 billion.

Doximity prepares its quarterly phone calls with investors to discuss the results of the first quarter of the financial on Thursday at 5 pm East time.