OpenEvidence raises $210M on $3.5B valuation to expand AI-powered medical search and decision tools

Healthcare-focused artificial intelligence platform company OpenEvidence Inc. revealed today that it has raised $210 million in new funding on a $3.5 billion valuation to expand its strategic content partnerships and scale its AI-powered clinical research tools.

Founded in 2021, OpenEvidence is focused on transforming how clinicians access and apply medical knowledge in real time. The company offers an AI-powered search and decision-support platform designed to assist doctors in making high-stakes clinical decisions at the point of care.

OpenEvidence’s platform is built on peer-reviewed medical literature from trusted sources such as the Journal of the American Medical Association, the New England Journal of Medicine and other leading journals to allow physicians to surface evidence-based insights in seconds, eliminating the inefficiencies of traditional medical databases.

The company’s primary offering is a clinician-facing AI search interface that allows users to input patient-specific questions or clinical scenarios and receive tailored, referenced answers based on the latest medical research. The system is Health Insurance Portability and Accountability Act-compliant and built for the unique demands of frontline healthcare, where decisions often need to be made in under a minute.

AI chatbots that allow users to search and research topics are hardly new, but arguably where OpenEvidence gets interesting is its strategic content partnerships with major medical publishers. The company has formal agreements with the American Medical Association, The New England Journal of Medicine, and other specialty journals to allow access to full-text, high-quality content that enhances the platform’s output. The idea is to ensure that clinicians aren’t just receiving AI-generated summaries versus engaging with a rigorously verified, continually updated body of medical evidence.

OpenEvidence’s platform is currently used across more than 10,000 hospitals and medical centers in the U.S., including by more than 40% of American physicians.

Google Ventures and Kleiner Perkins Caufield & Byers co-led the Series B round, with Sequoia Capital Operations, Coatue Management, Conviction Capital and Thrive Capital Management also participating.

Along with the funding announcement, the company also announced the wide release of OpenEvidence DeepConsult, an AI agent purpose-built for physicians. DeepConsult provides physicians with a personal, private team of Ph.D.-level, medically specialized AI agents built by OpenEvidence that are capable of conducting advanced medical research while the physician steps away, whether to see the next patient, take a lunch break, or get some rest.

“At a time when U.S. healthcare faces the dual challenges of clinician burnout and a projected physician shortfall of nearly 100,000 by 2030, the question of AI’s role in bridging the gap is paramount,” OpenEvidence founder Daniel Nadler said in a statement. “When physicians’ lives are hard, patients’ lives are harder. OpenEvidence’s commitment to building an AI copilot for clinicians is rooted in the belief that AI will be a force for good in the world, ultimately benefiting both healthcare professionals and the patients they serve.”

Image: OpenEvidence

Enjoy the perfect blend of retro charm and modern convenience with the Udreamer Vinyl Record Player. With 9,041 ratings, a 4.3/5-star average, and 400+ units sold in the past month, this player is a fan favorite, available now for just $39.99.

The record player features built-in stereo speakers that deliver retro-style sound while also offering modern functionality. Pair it with your phone via Bluetooth to wirelessly listen to your favorite tracks. Udreamer also provides 24-hour one-on-one service for customer support, ensuring your satisfaction.

Don’t miss out—get yours today for only $39.99 at Amazon!

Help Power Techcratic’s Future – Scan To Support

If Techcratic’s content and insights have helped you, consider giving back by supporting the platform with crypto. Every contribution makes a difference, whether it’s for high-quality content, server maintenance, or future updates. Techcratic is constantly evolving, and your support helps drive that progress.

As a solo operator who wears all the hats, creating content, managing the tech, and running the site, your support allows me to stay focused on delivering valuable resources. Your support keeps everything running smoothly and enables me to continue creating the content you love. I’m deeply grateful for your support, it truly means the world to me! Thank you!