Source: OpenEvidence, which offers an AI chatbot for doctors, is raising $250M at a $12B valuation, up from $6B in Oct., and has $150M in annualized ad revenue
Stephanie Palazzolo / The Information : X: @steph_palazzolo and @arfurrock X: Stephanie Palazzolo / @steph_palazzolo : New! OpenEvidence, which offers a “ChatGPT for doctors,” is raising at a $12B valuation, doubling its valuation from its last round 2 months ago. This would make it one of a handful of AI application startups to surpass a $10B+ price and $100M ARR. https://www.theinformation.com/ ... Arfur Rock / @arfurrock : OpenEvidence raising $250M at $12B. $150M RR on just ads, +3x from August. On <1M users. Resulting in 90% GM, inclusive of all compute. 2026 will be the year AI ads cross the rubicon. If you're building an AI app figure out your ad strategy ASAP. You'll be behind without.