Shiv Rao is the CEO and co-founder of Abridge, the AI platform transforming clinical conversations into structured medical documentation. A practicing cardiologist at UPMC and history-major-turned-physician, Rao founded Abridge in 2018 out of personal frustration with nightly dictation sessions. The company, now valued at $5.3 billion after raising $300M in Series E in 2025, deploys across 150+ U.S. health systems including Mayo Clinic, Duke Health, and Johns Hopkins, supports 28 languages and 55 medical specialties, and is used by over 50,000 clinicians. Rao is equal parts cardiologist, technologist, and artist — a former DJ, skateboarder, and avant-garde music producer whose unconventional path runs straight through the operating room.
Fawad Butt is the co-founder and CEO of Penguin AI, a Palo Alto-based healthcare AI platform company that raised $29.7M in Series A funding in September 2025. A former Chief Data Officer at Kaiser Permanente, UnitedHealthcare, and Optum, Butt spent years on the buyer side spending hundreds of millions on generic tech before deciding to build the solution healthcare actually needed. Penguin AI targets the $1 trillion annual administrative burden in US healthcare with purpose-built agentic AI, small language models, and digital workers that compress prior authorization reviews from 30 minutes to under two, positioning itself as 'the Epic of the healthcare back office.'