OpenAI acquires healthcare startup Torch, deal pegged at $100 million – The Economic Times

The Economic Times


OpenAI on Monday announced that it has acquired healthtech startup Torch as part of its strategic push into artificial intelligence (AI)-powered healthcare tools.

The deal is valued at about $100 million in equity, according to media reports.

Torch is a small healthcare technology startup that focusses on unifying fragmented medical data such as lab results, medications, and doctor visit records, into a single, AI-readable system.

“Bringing this together with ChatGPT Health opens up a new way to understand and manage your health,” ChatGPT said in a post on X.

It is a relatively new startup with a team that previously worked together at Forward Health, a now-defunct AI-enabled healthcare provider. It was founded in 2024 by Ilya Abyzov and Eugene Huang.