AI Founder Daniel Nadler Is Twice As Rich After OpenEvidence Hits $12 Billion Valuation
Forbes • • business
Key Points:
- OpenEvidence, an AI-powered search tool for doctors, has raised $250 million in its latest funding round, doubling its valuation to $12 billion and boosting founder Daniel Nadler's net worth to an estimated $7.6 billion.
- The platform is widely used by about 740,000 U.S. physicians, roughly 45% of doctors nationwide, who rely on it to quickly access peer-reviewed medical research during clinical consultations, with 18 million uses reported last month.
- Despite generating over $100 million in annualized revenue mainly from targeted advertising to pharmaceutical and medical device companies, OpenEvidence is prioritizing user experience over maximizing ad sales.
- Nadler plans to use the new funds to develop specialized AI models focused on medical subfields
