Fundraising Fox

Evidium

35 employees on LinkedIn Β· 6 known investors

Evidium provides predictive analytics and clinical progression modeling for self-insured health plans and employers, forecasting disease evolution and high-cost claim exposure to improve stop-loss underwriting and financial planning. The platform serves plan sponsors, health plans, and other stakeholders in the self-insured benefits ecosystem by converting medical knowledge into actionable insights for managing health plan risk.

Founders & leadership

CBCarl Bate
Carl BateinFounder & CEO

Investors Β· 6

Also in the syndicate Β· 3

InnovaccerMindset VenturesWGG Partnerslead

Funding

SEC filings, press & company announcements

$22M disclosed across 1 of 3 rounds Β· 2025

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Evidium is a healthcare AI company based in San Francisco, California, that builds what it describes as world models for healthcare, aiming to make medical knowledge computational. Its approach projects individual patients onto a computable map of clinical states, the transitions between those states, and the causes of those transitions, positioning this as complementary to large language models: where LLMs discuss medical knowledge, Evidium models its dynamics. The company ingests trusted sources of medical evidence β€” clinical guidelines, published studies and care pathways β€” and integrates claims and utilization data to build patient-level models of current health states, then projects trajectories for disease progression, treatment pathways and associated financial impacts.

The platform is organized as a set of precision products built on a shared modeling foundation. These include quality and insight tools for clinicians and care teams and probabilistic forecasting products for medical risk-bearing organizations such as insurers, health plans and integrated delivery networks ("payviders"). Evidium emphasizes traceability: every prediction or insight is intended to be auditable back to the clinical evidence and logic that produced it, and the company frames its outputs as augmenting rather than replacing expert judgment, including grounding other AI agents in clinical dynamics. Its stated mission is to scale explanatory medical knowledge to support better decisions, research and care provision, enabling a learning health system in which science, practice and outcomes are more closely connected.

At the time of its Series A the company said it was expanding into further healthcare segments, including life sciences and broader payer-provider ecosystems, and preparing hires in AI research engineering, clinical science and business development.

Founding story

Evidium was founded by Carl Bate, who serves as Founder and CEO, and the company was founded in 2021 according to its investor Health2047. It has since assembled a multidisciplinary team of engineers, scientists and clinicians with backgrounds across healthcare, AI and applied research.

Business model

Evidium sells a software platform with multiple products aimed at distinct healthcare stakeholders β€” clinician and care-team insight tools and probabilistic forecasting for risk-bearing organizations β€” all built on a shared clinical modeling foundation. Public sources do not detail pricing or contracting terms.

Not disclosed in the available sources beyond the sale of platform products to healthcare organizations.

Traction

Reported growing demand from health plans and provider organizations at the time of the November 2025 Series A, with an expanding product portfolio and a stated performance record on quality insights with health systems that the company is extending to insurers and other risk-bearing customers. The company lists roughly two dozen team members plus a group of clinical, insurance, scientific and technology advisors.

Latest developments

In November 2025 Evidium closed a $22 million Series A and said it would accelerate product development, deepen clinical modeling capabilities, scale go-to-market operations, and make strategic hires in AI research engineering, clinical science and business development, while broadening its offerings toward life sciences and wider payer-provider ecosystems.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

An early-stage venture-backed healthcare AI company whose investor base connects it to the medical profession and to deep-tech investing; Health2047, the venture studio founded by the American Medical Association, both invested and holds a board seat, and the board includes the CEO Emeritus of the American Medical Association.

Evidium positions itself against retrospective claims analytics and against text-based LLM approaches, arguing that claims analysis explains the past while clinical progression modeling improves forward decisions, and that its models compute the dynamics of medical knowledge rather than only discussing it. A second differentiator is transparency: insights are presented as fully traceable to underlying clinical evidence and logic.

Technology

The core technology converts medical evidence into computational models: guidelines, published studies and care pathways are ingested and combined with claims and utilization data to represent a patient's current clinical state on a computable map of states, transitions and their causes. The system then projects forward trajectories for condition progression, treatment escalation and associated costs. Outputs are designed to be transparent and traceable, with reasoning that users can audit rather than black-box predictions, and can be used to ground generative AI or agentic tools in clinical dynamics.

Go-to-market

Direct enterprise engagement via inbound contact on its website, supported by a commercial organization that includes a General Manager for Insurance & Risk and a business development lead for the self-funded segment. Proceeds from the 2025 Series A were designated in part to scale go-to-market operations, with reported demand from health plans and provider organizations.

Self-insured employers and plan sponsors, health plans and insurers, hospitals and health systems, integrated delivery networks, and research and therapeutic strategy groups; the company also cites life sciences as an expansion segment.

Geography

Headquartered in San Francisco, California.

History

Founded in 2021 and backed by Health2047, the venture studio of the American Medical Association, Evidium developed a platform for making medical knowledge computational for clinicians, care delivery and research organizations. In November 2025 it announced a $22 million Series A co-led by Health2047 and WGG Partners with participation from Interwoven Ventures and Mindset Ventures, to fund product development, clinical modeling and commercial expansion.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Team members listed on company site (excluding advisors and board)Jan 202622 people
Total disclosed fundingNov 2025$22M

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 2

launches, deals, and filings
Nov 2025
Expansion of precision product line and target segments

Alongside its Series A, Evidium said it was expanding its set of precision products built on a shared modeling foundation β€” insight tools for clinicians and care teams and probabilistic forecasting for risk-bearing organizations β€” and broadening into additional segments including life sciences and wider payer-provider ecosystems.

source β†—

Nov 2025
Evidium closes $22M Series A co-led by Health2047 and WGG Partners

Evidium announced the close of a $22 million Series A co-led by Health2047, the venture studio founded by the American Medical Association, and WGG Partners, with participation from Interwoven Ventures and Mindset Ventures. Funds are earmarked for product development, deepening clinical modeling capabilities and scaling go-to-market operations, alongside hires in AI research engineering, clinical science and business development.

$22M source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Evidium do?
Evidium builds computational world models of medical knowledge for clinicians, payers, health systems and researchers.
Who founded Evidium?
Evidium was founded by Carl Bate.
Who are Evidium's investors?
Evidium's investors include Health2047, Interwoven Ventures, Mindset Venture.
How much funding has Evidium raised?
Evidium has disclosed $22M raised across 1 of its 3 known rounds.