OpenAI Acquires Health Tech Startup Torch for $100M to Power New ChatGPT Health Service
OpenAI has acquired Torch, a small health technology startup, for an undisclosed amount, with sources reporting the deal was valued at $100 million in equity. The acquisition includes Torch’s entire four-person team, which will join OpenAI’s workforce. Both companies confirmed the transaction. Torch was developing an application designed to consolidate an individual’s diverse medical data—such as doctor visits, lab results, wearable device readings, and consumer wellness test results—into a unified digital health profile. The team described their technology as “a medical memory for AI,” creating a contextual engine that enables artificial intelligence to understand and analyze personal health histories more effectively. The founders of Torch first connected while working at Forward Health, a company known for its AI-driven primary care clinics. Forward raised over $400 million before abruptly shutting down in late 2024. Unlike Forward’s closure, Torch’s acquisition marks a strategic integration into a major AI player. The acquisition is a key move for OpenAI’s newly launched ChatGPT Health initiative, a service enabling users to leverage the chatbot for health-related inquiries, insights, and personal health management. By bringing in Torch’s team and technology, OpenAI aims to enhance the accuracy and personalization of health-related AI interactions, allowing ChatGPT to draw from comprehensive, structured medical data. This acqui-hire underscores OpenAI’s growing focus on expanding into the health technology space, where access to high-quality, privacy-protected medical data is both a challenge and a competitive advantage. The integration of Torch’s work is expected to play a significant role in shaping the next phase of OpenAI’s health-focused AI tools.
