Monday, October 26, 2026 · Edition updated 6:00 AM ETMON, OCT 26 editionNext edition in Next in --:--:--
Intelligence Verdict
AI startups · Law, medicine, finance and defense

OpenEvidence

“Founded by Daniel Nadler, OpenEvidence develops a specialized AI-powered medical search engine” Reuters

  • $12Bvaluation at its last closed round, Jan 21, 2026
  • —founding year not found
  • Has a product1 thing shipped, by our search
The facts

OpenEvidence at a glance.

Read Oct 20, 2026. Valuations and amounts are copied as each source states them; a figure that is only reported (talks, or people familiar with the deal) is labeled as reported.

Kind of company
Law, medicine, finance and defenseAI built for one profession or industry.
Based in
United States
Founded
Not found in our sourcesForbes Colombia, Jan 23, 2026
Last closed-round valuation
$12B$12 billion (Reuters, Jan 21, 2026)
What it has shipped
Has a product
Founders
  • Daniel Nadler: CEO and co-founder; sold his first startup, Kensho Technologies, to S&P in 2018 (per Forbes Colombia) (Forbes Colombia, Jan 23, 2026)
  • Zachary Ziegler: co-founder; background not stated (Forbes Colombia, Jan 23, 2026)
Latest news

Series D of $250 million at $12 billion valuation (latest round verified on a fetched page) Jan 21, 2026

Reuters, Jan 21, 2026

What it has built

Shipped, or not yet.

“Has a product” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.

product · Jan 21, 2026

AI medical search engine for clinicians; company says it is used daily by more than 40% of US physicians and handled about 18 million clinical consultations in December 2025

Source
2 rounds

Funding, as reported.

Every round we found, with the amount, valuation and investors as the source states them.

WhenRoundAmountValuationInvestors namedSource
Oct 2025unnamedroughly $200 million$6 billionNone namedReuters (via WDEZ), citing PitchBook
Jan 21, 2026Series D$250 million$12 billionThrive Capital (co-lead), DST Global (co-lead)Reuters
Our note

Worth knowing.

Our note: Usage figures are company-reported. Forbes Colombia says annualized run rate passed $100 million in 2025, driven by advertising. Founding year not stated: Forbes Colombia says Nadler launched it 'three years ago' (January 2026). A September 2026 Business Insider report of about $250 million at $15 billion (from people familiar) could not be fetched, so it is listed as unverified.