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AmplifyMD Secures $20 Million in Series B Funding

On September 24, 2025, AmplifyMD, a leading provider of integrated virtual healthcare solutions, announced it has successfully raised $20 million in Series B funding. This financing round was spearheaded by Forerunner Ventures, with notable participation from F-Prime, Greylock, Tau Ventures, and the strategic partner Memorial Hermann Health System. The raised funds will significantly boost AmplifyMD's capabilities in AI-driven multispecialty virtual care, enabling healthcare systems to improve clinical access and optimize operational efficiencies across diverse care settings.

Since its inception in 2019, AmplifyMD has distinguished itself as a pioneer in the realm of integrated virtual healthcare. The company’s platform harnesses the power of artificial intelligence, integrating seamlessly with Electronic Health Records (EHR) to facilitate multispecialty care. Its network currently spans 15 different medical specialties, enabling hospitals and healthcare providers to meet the diverse needs of their patients efficiently.

Eurie Kim, the Managing Partner at Forerunner Ventures, highlighted the transformative impact of AmplifyMD in health systems. “AmplifyMD isn’t just enabling telehealth; it’s reimagining how health systems leverage their clinical resources,” said Kim. The platform's focus on automation in virtual care workflows offers immediate efficiency gains, establishing a sustainable foundation for hospitals under pressure to deliver more with fewer resources.

AmplifyMD stands out because it effectively converts fragmented data and limited provider capacity into coordinated, system-wide coverage. By bringing critical patient information directly to where it is needed, the platform utilizes intelligent distribution methodologies that extend the reach of healthcare providers across various sites and departments. This innovative approach has led to notable outcomes, such as faster consultations, increased productivity, reduced patient transfers, and improved revenue cycle management.

“With innovation as our focal point at Memorial Hermann, we seek to address challenges in healthcare with radical solutions. AmplifyMD’s unique approach—merging AI-enabled workflows with on-demand specialty coverage—creates a scalable model that enhances access, boosts quality, and brings down costs,” stated Feby Abraham, the Executive Vice President and Chief Strategy Officer at Memorial Hermann.

The positive impact of AmplifyMD's technology can be quantified by several key metrics:

• - A remarkable 52% reduction in operational costs associated with TeleStroke services.
• - A twofold increase in TeleHospitalist consults per shift, accelerating the support hospitals can provide.
• - A drastic decrease in outpatient specialty care wait times, shortened from months to merely days.

Meena Mallipeddi, CEO and Co-founder of AmplifyMD, indicated that the positive transformations seen with their solutions over recent years are proof of the platform’s potential. “Health systems utilizing our platform, complemented by our physician network across numerous fields, demonstrate that delivering faster and more sustainable care—and easing existing resource strains—is indeed possible,” said Mallipeddi.

This new infusion of capital is aimed at scaling operations to meet the evolving needs of its healthcare partners. With ambitions to turn virtual coverage into a sustainable strategic advantage, AmplifyMD plans to further develop its AI and clinical workflow capabilities. Additionally, the funds will enable deeper strategic partnerships across the health systems that leverage their platform, facilitating a nationwide transformation in care delivery.

In summary, AmplifyMD is not just reshaping virtual care; they are setting a new standard for how health systems can function in a modern healthcare landscape, ensuring that high-quality care is accessible whenever and wherever it is needed.

About AmplifyMD

AmplifyMD is committed to revolutionizing service delivery in healthcare through its EHR-integrated, multispecialty virtual care platform alongside a national physician network. By converting fragmented access into effective, scalable coverage, AmplifyMD is enhancing the operational capabilities of over 300 programs nationwide. The marriage of AI-enabled automation with efficient workflows allows healthcare providers to maximize physician utilization and implement new coverage models effectively across various service lines and environments.