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AIQuiet 4d · day 4

Heidi hits $1.26B valuation in $470M+ funding round

Australian AI healthcare startup raises capital to expand globally and targets break-even by end of 2027.

newest coverage 4d agosummary written 3d ago4 pieces NewswiresGoogle News

What to know

  • Heidi raised $470M–$475M at a $1.26B valuation in Series C, becoming Australia's fourth unicorn of 2026, with funding from Blackbird Ventures (equity) and General Catalyst (growth financing).
  • The AI healthcare startup, which automates clinical notes for doctors, has grown annual recurring revenue 50-fold to $50M in two years and targets cash-flow neutrality by end of 2027.
  • Capital will fund expansion into new markets (France, Germany) and development of AI agent tools, with Heidi planning to hire ~150 staff and leveraging a novel growth financing structure that ties returns to customer acquisition revenue.

“It's a slightly more flexible facility because we have this commitment for US$240 million that can last us roughly four and a half years.”

Tom Kelly, CEO, Heidi · Forbes Australia ↗

Tom Kelly Co-founder and CEO, HeidiBlackbird Ventures Lead investor, Series CGeneral Catalyst Growth financing provider

Heidi hits $1.26B valuation in $470M+ funding round
Investing.com News

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 4 pieces in one hour at Sep 22, 8 AM; 4 pieces over 4 days (4 articles) Sep 22, 8 AM — 4 pieces · 4 articles — Newswires 3, Google News 1Sep 22, 9 AM — quietSep 22, 10 AM — quietSep 22, 11 AM — quietSep 22, 12 PM — quietSep 22, 1 PM — quietSep 22, 2 PM — quietSep 22, 3 PM — quietSep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — quietSep 22, 9 PM — quietSep 22, 10 PM — quietSep 22, 11 PM — quietSep 23, 12 AM — quietSep 23, 1 AM — quietSep 23, 2 AM — quietSep 23, 3 AM — quietSep 23, 4 AM — quietSep 23, 5 AM — quietSep 23, 6 AM — quietSep 23, 7 AM — quietSep 23, 8 AM — quietSep 23, 9 AM — quietSep 23, 10 AM — quietSep 23, 11 AM — quietSep 23, 12 PM — quietSep 23, 1 PM — quietSep 23, 2 PM — quietSep 23, 3 PM — quietSep 23, 4 PM — quietSep 23, 5 PM — quietSep 23, 6 PM — quietSep 23, 7 PM — quietSep 23, 8 PM — quietSep 23, 9 PM — quietSep 23, 10 PM — quietSep 23, 11 PM — quietSep 24, 12 AM — quietSep 24, 1 AM — quietSep 24, 2 AM — quietSep 24, 3 AM — quietSep 24, 4 AM — quietSep 24, 5 AM — quietSep 24, 6 AM — quietSep 24, 7 AM — quietSep 24, 8 AM — quietSep 24, 9 AM — quietSep 24, 10 AM — quietSep 24, 11 AM — quietSep 24, 12 PM — quietSep 24, 1 PM — quietSep 24, 2 PM — quietSep 24, 3 PM — quietSep 24, 4 PM — quietSep 24, 5 PM — quietSep 24, 6 PM — quietSep 24, 7 PM — quietSep 24, 8 PM — quietSep 24, 9 PM — quietSep 24, 10 PM — quietSep 24, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quietToday, 2 AM — quietToday, 3 AM — quietToday, 4 AM — quietToday, 5 AM — quietToday, 6 AM — quietToday, 7 AM — quietToday, 8 AM — quiet 1–2
Sep 23Sep 24yesterdaynow · 9:21 AM ET
  1. 2

    Heidi plans aggressive expansion into new markets and AI features

    CEO Tom Kelly said Heidi will use funding primarily to expand into new markets like France and Germany, and is adding agentic AI tools. The startup expects to hire up to 150 staff over the next year and currently employs close to 600 people.

    “By the end of next year we should be cash-flow neutral… there's a clear line of sight to be in a position where we can basically break even on any given month.”
    — Tom Kelly, CEO, Heidi · source
  2. background

    Blackbird Ventures confirms fastest-growing portfolio company ever — Blackbird partner Michael Tolo reaffirmed the venture firm's conviction in Heidi, having backed the company since its 2021 seed round and leading the Series C. Blackbird owns 35% of Heidi and called it their fastest growing portfolio company.

  3. background

    Reports clarify Heidi funding details: $470M+ raised, $1.26B valuation — Later reporting on the same day clarifies the total funding amount at $470M to $475M and values Heidi at $1.26B, making it Australia's fourth unicorn of 2026. The startup has grown annual recurring revenue 50 times over two years to $50M and was used for more than 175 million patient visits.

  4. 1

    Heidi raises $340M in Series C funding at $900M valuation

    The Australian AI healthcare startup completed a Series C round led by Blackbird Ventures, with $100M from equity and $240M from General Catalyst's Customer Value Fund, a debt-like instrument tied to sales and marketing revenue. The valuation of $900M nearly doubles the price from the previous round.

    1. 1 outlet first by Investing.com News, 4d ago · read ↗

Also covered reported alongside — the timeline has no entry for these yet

  1. 2 outlets Heidi hits $1.2 billion valuation with $470 million in fresh funding

    first by Forbes Australia, 4d ago · also SmartCompany

    2 more headlines