When was Latent founded?

Latent was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Latent located?

Latent is headquartered in San Francisco, United States.

How many employees does Latent have?

As of Jun 30, 2026, the latest employee count at Latent is 108.

Is Latent a funded company?

Latent is a funded company, having raised a total of $80.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2023.

When was the latest funding round of Latent?

Latent's latest funding was a $***** Series A round on Mar 19, 2026, with participation from 6 investors. Its primary sector is Healthcare IT. In United States, the Healthcare IT sector has seen $4.99B in funding in 2026 to date.

Where does Latent rank among its competitors?

Latent ranks 2nd amongst 372 active competitors, of which 40 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Novellia, which secured $18M in Jun, 2026.

Who are the top competitors of Latent?

Latent's top competitors include Heidi, NVoq and Augmedix. Among them, Novellia secured the most recent funding round in June, 2026.

Latent - 2026 Company Profile, Team, Funding & Competitors

Latent is a series A company based in San Francisco (United States), founded in 2022 by Sriram Somasundaram and Rishabh Jain. It operates as a Developer of medical language models to automate hospital operations. Latent has raised $80.5M in funding from Spark Capital and Transformation Capital. The company has 372 active competitors, including 40 funded and 14 that have exited. Its top competitors include companies like Heidi, NVoq and Augmedix.

Company Details

Developer of medical language models to automate hospital operations. The company is building medical language models to tackle operational data. The company's flagship product analyzes EHR records and brings the most relevant data.

Key Metrics

Founded Year

2022

Location

San Francisco, United States

Stage

Series A

Total Funding

$80.5M in 2 rounds

Latest Funding Round

Series A, Mar 19, 2026, $*****

Investors

Spark Capital & 7 more

Ranked

2^nd among 372 active competitors

Employee Count

108 as on Jun 30, 2026

Similar Companies

OpenEvidence & 2766 more

View Latent's full profile

Latent has raised a total funding of $80.5M over 2 rounds. Its first funding round was on 2023. Its latest funding round was a Series A round on Mar 19, 2026 for $*****. 6 investors participated in its latest round. Latent has 8 institutional investors.

Here is the list of recent funding rounds of Latent:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 19, 2026	1368301	Series A	6117926	4689090	2245965	6129093
2023	6875	Seed	6386	1374	1460	Y Combinator

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View details of Latent's funding rounds and investors

The founders of Latent are Sriram Somasundaram and Rishabh Jain.

Here are the details of Latent's key team members:

Sriram Somasundaram: Founder of Latent.
Contact Info: 1 email address
Rishabh Jain: Founder of Latent.
Contact Info: 1 email address

View details of Latent's Founder profiles and Board Members

Latent's employee count trend

Latent has 108 employees as of Jun 26. Here is Latent's employee count trend over the years:

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Top competitors of Latent include Heidi, NVoq and Augmedix. Here is the list of Top 10 competitors of Latent, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Heidi 2019, Melbourne (Australia), Series B	Developer of an AI assistant designed for clinical documentation support	$96.6M	Blackbird Ventures, Headline & 15 others	70/100
2nd	Latent 2022, San Francisco (United States), Series A	Developer of medical language models to automate hospital operations	$80.5M	Y Combinator, Spark Capital & 6 others	62/100
3rd	NVoq 2000, Boulder (United States), Series C	Cloud based Speech Recognition Solutions	$70.4M	-	60/100
4th	Augmedix 2012, San Francisco (United States), Acquired	AI-powered medical documentation and clinical support solutions	$118M	DCM Ventures, Emergence Capital & 23 others	59/100
5th	Freed 2022, Santa Rosa (United States), Series A	AI-powered medical scribe for clinicians that transcribes patient information	$34M	Sequoia Capital, Scale Venture Partners & 3 others	58/100
6th	Tali AI 2020, Toronto (Canada), Seed	Provider of AI-based chatbot for doctors	-	WELL Ventures, Esplanade Ventures & 4 others	53/100
7th	Clinithink 2009, Alpharetta (United States), Series A	AI solutions unlocking healthcare insights from unstructured data, empowering better decisions	$7.2M	Merck Global Health Innovation Fund, Development Bank of Wales ... & 2 others	52/100
8th	DeliverHealth Solutions 2000, Burlington (United States), Funding Raised	Provider of EHR management software for healthcare professionals and organisations	-	Assured Healthcare Partners, Nuance	52/100
9th	PatientKeeper 1996, Waltham (United States), Acqui-Hired	Provider of an app-based platform for EHR	$48.7M	Flybridge Capital Partners, New Enterprise Associates ... & 10 others	49/100
10th	Novellia 2015, New York City (United States), Series A	Health tech company leveraging health data to drive better outcomes for patients	$28M	Spark Capital, Bling Capital & 3 others	47/100