AI startup known as ‘ChatGPT for doctors’ doubles valuation to $12B in latest funding round
AI startup known as ‘ChatGPT for doctors’ doubles valuation to $12B in latest funding round
https://www.aol.com/articles/ai-startup-known-chatgpt-doctors-163908820.html
Publish Date: 2026-03-04 23:29:00
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OpenEvidence, an artificial intelligence startup known as “ChatGPT for doctors,” clinched a funding round that doubled its valuation to a staggering $12 billion, the company told The Post.
The Miami, Fla.-based startup, which trains its chatbots on data from top scientific journals, recently closed a $250 million financing round led by Thrive Capital and DST, according to a statement. CNBC earlier reported the financing round.
OpenEvidence kicked off its fundraising in February with $75 million from Sequoia at a $1 billion valuation. Just a few months later in October, the company’s valuation jumped to $6 billion.
OpenEvidence founder Daniel Nadler is a billionaire poet and techie. Sequoia Capital/YoutTube
The company has raised $700 million in less than a year from Google Ventures, Nvidia, Kleiner Perkins, David Sacks’ Craft Ventures and Mayo Clinic, according to the press release.
It was founded in 2022 by Daniel Nadler – a billionaire poet who sold his first company, Kensho Technologies, to Standard & Poor’s for $700 million in 2018 – and Zachary Ziegler, previously a PhD student at Harvard studying AI.
“If you only squint from a distance, OpenEvidence is ‘ChatGPT’ for doctors. If you look closely, it’s a very different organism,” Nadler told The Post in a statement.
“It’s built from the ground up specifically for doctors. It’s free for doctors, but it’s a pro tool,” Nadler said. “It’s trained on specialized medical content, such as the New England Journal of Medicine (through strategic partnerships).”
More than 40% of physicians already use the tool, Nadler claimed, and there is much more opportunity for growth in the health care sector – which accounts for nearly 20% of US gross domestic product with $5 trillion in yearly spending.
“Health care is the largest segment of the real economy,” Nadler told CNBC. “People realize there could be a lot of winners in the space.”
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