OpenEvidence raises $210M at $3.5B valuation

OpenEvidence raises $210M at $3.5B valuation

OpenEvidence, a leading medical search and AI application, has raised $210 million in a Series B funding round, valuing the company at $3.5 billion. The round was co-led by Google Ventures and Kleiner Perkins, with additional investments from Sequoia Capital, Coatue, Conviction, and Thrive [3].

OpenEvidence, founded by Harvard- and MIT-trained PhDs, provides clinicians with a platform to make high-stakes clinical decisions at the point of care. The company's AI-driven technology helps physicians access, evaluate, and apply the world's medical knowledge in real-time, reducing information overload and improving patient outcomes [3].

The funding will support OpenEvidence's growth and expansion, including the development of new features and strategic content partnerships. The company has already secured partnerships with the American Medical Association and The New England Journal of Medicine, providing clinicians with access to full-text content and multimedia from the global gold standards of medical knowledge [3].

OpenEvidence's latest release, OpenEvidence DeepConsult™, is an AI agent purpose-built for physicians. DeepConsult empowers every physician with a personal, private team of PhD-level, medically-specialized AI agents capable of conducting advanced medical research while the physician steps away [3].

The company's growth is remarkable, with over 40% of U.S. physicians logging in daily to make high-stakes clinical decisions using OpenEvidence. The platform has seen a 2,000%+ year-over-year growth rate, with over 8.5 million clinical consultations by logged-in, verified U.S. physicians per month [3].

References:
[1] https://www.businesstimes.com.sg/companies-markets/esim-platform-airalo-raises-us220-million-new-funding-round-lifts-valuation-past-us1-billion
[2] https://profit.pakistantoday.com.pk/2025/07/13/spacex-to-invest-2-billion-in-xai-as-part-of-5-billion-funding-round/
[3] https://www.prnewswire.com/news-releases/openevidence-the-fastest-growing-application-for-physicians-in-history-announces-210-million-round-at-3-5-billion-valuation-302505806.html