Reportedly, the deal is valued at about $100 million in equity, though OpenAI has not disclosed the financial terms.
OpenAI has announced the acquisition of healthcare technology startup Torch, marking a significant step in its expansion into artificial intelligence-driven healthcare tools.
Reportedly, the deal is valued at about $100 million in equity, though OpenAI has not disclosed the financial terms.
Torch is a healthtech startup focused on unifying fragmented medical data, including lab results, medications, and doctor visit records, into a single system that can be read and analyzed by artificial intelligence. The company aims to help AI better understand and interpret an individual’s health history.
“Bringing this together with ChatGPT Health opens up a new way to understand and manage your health,” ChatGPT said in a post on X.
Founded in 2024 by Ilya Abyzov and Eugene Huang, Torch was built by a four-member team that had previously worked together at Forward Health, an AI-enabled healthcare provider that shut down in late 2024. The founders said their experience at Forward helped shape the product they later developed at Torch.
“The Torch team and I are joining OAI to help build ChatGPT Health into the best AI tool in the world for health and wellness,” Abyzov shared in a post online.
As part of the acquisition, Torch’s team will join OpenAI to support the development and expansion of ChatGPT Health, a recently launched feature that allows users to connect and analyze their health records alongside the chatbot.
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