4.6 • 12 Ratings
🗓️ 17 July 2025
⏱️ 5 minutes
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Daniel Nadler started OpenEvidence to help physicians sort through a deluge of medical research. Now, he’s raised $210 million at a $3.5 billion valuation.
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0:00.0 | Here's your Forbes Daily Briefing for Thursday, July 17th. Today on Forbes, this AI founder became a |
0:09.0 | billionaire by building chat GPT for doctors. For doctors trying to stay abreast of the latest medical |
0:16.1 | breakthroughs, reviewing the latest research is like being shot in the face with a water cannon. |
0:21.4 | A new paper is published every 30 seconds. |
0:24.4 | Trying to comb through it all to come up with a diagnosis or treatment plan |
0:27.9 | that reflects the best current options while seeing 20 patients a day is a near impossible task. |
0:35.1 | Daniel Nadler, co-founder and CEO of Open Evidence, told Forbes, quote, |
0:39.8 | we talk about the golden age of biotechnology, where there are new drugs and better drugs |
0:44.2 | developed all the time, but it's like the dark ages for physicians because of burnout. |
0:49.0 | There is this enormous firehose of information they need to stay on top of, and the human brain |
0:53.4 | is limited in its capacity |
0:54.7 | to read millions of studies. So Nadler, a 42-year-old Harvard PhD, who sold his previous company |
1:01.9 | for $550 million back in 2018, set out to solve the problem with artificial intelligence. |
1:08.7 | Now, the startup's proprietary algorithms search millions of peer-reviewed |
1:13.0 | publications, including in top journals like the New England Journal of Medicine and the Journal of |
1:18.1 | the American Medical Association, to help doctors find the best answers fast, with full citations |
1:23.7 | to papers so doctors can read more for themselves. The software is free for verified |
1:28.8 | doctors to use and makes money through advertising, much like Google does. Kleiner Perkins' |
1:34.9 | billionaire chairman John Doer, who invested in the company personally, as well as through his firm, |
1:40.4 | said, quote, I think open evidence looks like it's going to be for health care what Google was |
1:45.2 | for the internet. He added, quote, it's the free-for-physician model that's the magic here. |
1:51.8 | Since its founding in 2022, Miami-based open evidence has signed up 40% of doctors in the United States |
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