OpenAI acquires health tech startup Torch for $100M to power ChatGPT Health with unified records
11 Sources
[1]
OpenAI buys tiny health records startup Torch for, reportedly, $100M | TechCrunch
OpenAI announced it has acquired a tiny startup called Torch for an undisclosed sum. An unnamed sourced told the Information that OpenAI paid $100 million worth of equity for the startup. Torch's four-person team is joining OpenAI, both companies said. Torch was working on an app that combined all
[2]
OpenAI acquires health-care technology startup Torch
Torch was building a "unified medical memory" for artificial intelligence that aimed to bring a patient's health data, which is typically siloed and stored across a number of different vendors and formats, into one place. Torch's employees will join OpenAI as part of the deal, the companies said.
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OpenAI acquires health tech company Torch
Why it matters: Large AI companies are showing more interest in monetizing health care workflows. Zoom in: The deal was valued at $100 million in equity, per The Information, citing a person with knowledge of the acquisition. Catch up quick: Last week, OpenAI announced ChatGPT Health, which will
[4]
OpenAI buys health-tech Torch for $100m
OpenAI said that it will bring Torch together with its latest foray into healthcare, ChatGPT Health. OpenAI acquires US start-up Torch for more than $100m, doubling down on its pivot towards healthcare. Founded less than a year ago, Torch is an app that unifies scattered health records, combining
[5]
OpenAI Acquires Torch to Expand ChatGPT Health Capabilities | AIM
Reports suggest that OpenAI paid about $100 million in equity for the startup. OpenAI has acquired Torch, the team of which will join the company to work on health and wellness features for ChatGPT, Torch co-founder Ilya Abyzov said in a post on January 13. Founded in 2024, Torch is led by
[6]
OpenAI buys Torch to bring unified medical data into ChatGPT Health - SiliconANGLE
OpenAI buys Torch to bring unified medical data into ChatGPT Health OpenAI Group PBC announced today that it had acquired Torch Health Inc., a healthcare technology startup focused on unifying personal medical data, as the artificial intelligence company moves to expand its efforts in
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OpenAI acquires Torch to make ChatGPT Health better
OpenAI acquired Torch, a four-person health records startup, for an undisclosed sum reported as $100 million in Dorn equity. The deal integrates Torch's team and technology into the newly announced ChatGPT Health service. An unnamed source disclosed the payment amount to The Information. Both
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OpenAI Plans to Bolster ChatGPT Health With the Acquisition of Torch
* Torch was building a unified medical memory for AI use * OpenAI acquired Torch in a deal exceeding $100 million * The company recently unveiled ChatGPT Health OpenAI announced the acquisition of Torch, a healthtech startup, on Monday. The San Francisco-based artificial intelligence (AI) giant
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OpenAI acquires healthcare startup Torch, deal pegged at $100 million
Torch is a small healthcare technology startup which focusses on unifying fragmented medical data such as lab results, medications, and doctor visit records, into a single, AI-readable system. OpenAI on Monday announced that it has acquired healthtech startup Torch as part of its strategic push
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OpenAI Buys Healthcare Startup Torch Days After Launching ChatGPT Health
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter OpenAI acquired the health-care technology startup Torch on Monday, days after the company unveiled ChatGPT Health, a platform designed to help patients and doctors navigate complex medical
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OpenAI agrees to buy AI healthcare startup in $100 million deal: Report
OpenAI continues to expand its ecosystem, with reports also pointing to upcoming UI changes in ChatGPT's mobile apps. OpenAI has agreed to acquire a small health tech startup called Torch. With the new acquisition, the ChatGPT maker will add its team and technology to move forward in the AI race
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OpenAI has acquired Torch, a four-person startup building unified medical memory technology, for $100 million in equity. The acquisition strengthens ChatGPT Health, which already serves 230 million users weekly with health and wellness queries. Torch's technology aggregates fragmented health data from hospitals, labs, wearables, and consumer testing into a single AI-powered platform.
OpenAI Acquires Torch to Accelerate Health Tech Ambitions
OpenAI has completed the acquisition of Torch, a health tech startup founded less than a year ago, in a deal valued at $100 million in equity according to an unnamed source cited by The Information
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. The four-person team, led by CEO Ilya Abyzov alongside co-founders Eugene Huang, James Hamlin, and Ryan Oman, will join OpenAI to integrate their technology into ChatGPT Health5
. While neither company disclosed the official terms, this $100 million acquisition signals OpenAI's commitment to expanding AI in healthcare.
Source: SiliconANGLE
Unified Medical Memory Technology Addresses Fragmented Health Information
Torch developed what the team describes as "a unified medical memory for AI," designed to consolidate personal health records scattered across hospitals, laboratories, wearables, and consumer testing companies into a single platform
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. The startup's technology tackles a critical challenge in modern medicine: health data fragmentation. "AI can't help you if your health data is scattered across four hospitals, two labs, seven apps and three web portals," Torch explained in a blog post5
. By aggregating information from doctor visits, lab tests, wearables, and wellness portals, Torch created what they call "a context engine" that enables large language model applications to deliver more personalized insights1
.ChatGPT Health Gains Scale with 230 Million Weekly Users
The acquisition directly supports ChatGPT Health, OpenAI's recently announced service that allows users to upload medical records from wellness apps like Apple Health, Function, and MyFitnessPal to the chatbot
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. According to OpenAI, more than 230 million people use ChatGPT for health and wellness-related questions weekly4
. The service is designed to support medical care rather than replace it, helping users understand test results, prepare for appointments, and seek information on diet and workouts, but not for diagnosis or treatment3
. Abyzov expressed enthusiasm about the reach: "I can't imagine a better next chapter than to now get to put our technology and ideas in the hands of the hundreds of millions of people who already use ChatGPT for health questions every week"2
.
Source: Silicon Republic
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Data Privacy Commitments and Forward Health Connection
OpenAI has committed to keeping ChatGPT Health private, promising that uploaded data and conversations will not feed into the general-purpose ChatGPT or be used to train foundational models
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. This data privacy focus was a deciding factor for the Torch team. "We wouldn't have taken it on if we didn't think that OpenAI cared as much as we do about privacy, safety, collaboration with physicians, and building something at an extremely high level of craft and consumer polish," Abyzov stated5
. The Torch team previously worked together at Forward Health, an AI-powered healthcare system that Abyzov co-founded in 2016, which abruptly shut down in late 2024 after raising over $400 million, resulting in nearly 200 job losses1
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. "This isn't the way we guessed it would happen, but making Torch a part of OpenAI means the mission we started at Forward is closer than ever," Abyzov reflected4
.
Source: AIM
Competitive Landscape as Anthropic Enters Healthcare AI
The acquisition comes as large AI companies demonstrate growing interest in monetizing healthcare workflows
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. Earlier this week, Anthropic, an OpenAI competitor, launched Claude for Healthcare, adding features to its model specifically for healthcare and life science customers3
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. This parallel move suggests the health tech sector is becoming a critical battleground for AI companies seeking practical applications beyond general chatbot functionality. With fragmented health information remaining a persistent barrier to effective AI applications in medicine, the race to build comprehensive, privacy-conscious solutions will likely intensify. Observers should watch how OpenAI integrates Torch's technology, whether other tech giants make similar acquisitions, and how regulatory frameworks evolve to govern AI-powered health platforms handling sensitive personal health records.References
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