CompaniesStreet TalkPrint articleSarah Thompson, Kanika Sood and Angira BharadwajSep 16, 2026 – 8.00amArtificial intelligence-powered medical businesses are riding high on the success of the sector’s soon-to-be unicorn, Heidi Health, with a three-year-old local rival courting investments from the country’s top medics.Sydney’s Medow Health AI has raised $3.5 million to roll out an AI front desk product that hooks into a specialist clinic’s existing systems and phone line and answers inbound calls, manages bookings, and passes on patient messages to clinical staff. It operates in all languages and is operational 24/7.Loading...Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.comKanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.auAngira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal. Email Angira at angira.bharadwaj@nine.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleRead MoreStreet TalkCapital raisingMergers & acquisitionsAISee all Street Talk