BREAKING Evidium closes $22M Series A to scale computational medical knowledge AMA's venture studio Health2047 co-leads the round Company calls its approach Referenced AI Neurosymbolic platform runs on Oracle Cloud “Healthcare runs on knowledge” — Carl Bate BREAKING Evidium closes $22M Series A to scale computational medical knowledge AMA's venture studio Health2047 co-leads the round Company calls its approach Referenced AI Neurosymbolic platform runs on Oracle Cloud “Healthcare runs on knowledge” — Carl Bate
The Company Files San Francisco · Est. 2023 Healthcare · AI

Referenced AI for Healthcare

Evidium wants medical AI that shows its work.

A San Francisco startup is trying to make medical knowledge computable - and to make every answer point back to the evidence that produced it.

Neurosymbolic Knowledge Graphs Explainable $22M Series A
Evidium company logo

The wordmark, plain and blue on white. A company whose entire pitch is transparency wasn't going to hide behind a mysterious mark - the logo, like the product, wants you to read it clearly.

$22M
Series A, Nov 2025
~33
Employees
2023
Founded
5+
Named Investors

The Company

There is a specific kind of anxiety that comes from being told to trust a machine you cannot interrogate. In most software, this is annoying. In medicine, it is a liability, a lawsuit, and occasionally a tragedy. Evidium, a San Francisco company founded in 2023 by Carl Bate, has decided that the anxiety is the whole business - and that the way to sell healthcare AI is to build the kind that can be cross-examined.

The company's coinage for this is "Referenced AI," which is a small phrase doing a great deal of work. It means that when the software tells a clinician something, or tells an insurer that a patient is likely to get sicker and more expensive, it also hands over the receipts: the guideline, the chart, the paper, the chain of reasoning. You can, in theory, follow the answer back to where it came from. This is unglamorous and, in the current market for large language models that confidently invent citations, quietly radical.

The technical approach has a name that sounds academic until money is on the line: neurosymbolic AI. The idea is to marry two traditions that have historically sniffed at each other. On one side, the generative and neural models that are good at reading messy human text - clinical charts, medical guidelines, research papers - and turning it into structured data. On the other, the older, stubborn machinery of ontologies, knowledge graphs, and symbolic logic, which is good at reasoning in ways you can trace and control. Evidium's bet is that the combination gives you both the fluency of the new stuff and the auditability of the old.

What Evidium says it is really building, underneath the products, is something closer to a "world model" for healthcare. The company describes projecting a patient across a computable map of clinical states, the transitions between those states, and what causes a patient to move from one to another. If that sounds abstract, the commercial version is not: it is the difference between "the model thinks this patient is high-risk" and "here is the state this patient is in, here is where patients like them tend to go next, and here is why."

The products that sit on top of this shared foundation split neatly along the fault line that runs through American healthcare - the one between the people who deliver care and the people who pay for it. For clinicians and care teams, Evidium sells quality insights with reasoning they can audit. For the risk-bearing organizations - insurers, health plans, self-insured employers, and the integrated delivery networks that the industry has taken to calling "payviders" - it sells probabilistic forecasting of disease states, care, and cost. One knowledge base, two audiences who rarely agree on anything, connected by a model that is meant to be explainable enough that both sides can argue with it on the same terms.

Bate, the founder and CEO, came to this from the advisory side. Before Evidium he spent years in consulting on artificial intelligence and digital health, which is a useful place to notice a problem repeatedly without being able to fix it. His framing of the core issue is admirably plain: "Healthcare runs on knowledge, but until now, much of that knowledge has been locked in text, statistics, and silos." The company he built is, essentially, an argument that the unlocking is the opportunity - and that doing it without losing the thread of why any given fact is true is the hard part everyone else skips.

It is a small company - roughly 33 people - but the composition is the tell. Alongside the machine-learning research engineers sit practicing physicians and clinical scientists: a chief medical officer, a chief scientific advisor, clinical knowledge engineers. In an industry where "we hired a doctor as an advisor" is often a marketing line, Evidium treats domain expertise as core infrastructure. Models are built next to the people who will have to read them.

“Healthcare runs on knowledge, but until now, much of that knowledge has been locked in text, statistics, and silos.”
Carl Bate — Founder & CEO, Evidium

How Referenced AI Works

01 · INGEST

Read the evidence

Generative and neural models parse clinical charts, medical guidelines, and research papers - the messy, unstructured source material of medicine.

02 · STRUCTURE

Map to knowledge

Text is projected onto ontologies and knowledge graphs - a computable map of clinical states and the transitions between them.

03 · REASON

Apply symbolic logic

Symbolic AI reasons over the structured knowledge with control and traceability, rather than probability alone.

04 · REFERENCE

Return with receipts

Every insight or forecast traces back to its evidence, so clinicians and experts can audit and validate it.

What You Can Build With It

Platform

Referenced AI

The neurosymbolic foundation that turns unstructured clinical text into structured, traceable knowledge - the substrate everything else runs on.

For Clinicians

Quality Insights

Clinical-quality insights for care teams, delivered with transparent reasoning a physician can open up, audit, and validate.

For Payers

Disease & Cost Forecasting

Probabilistic modeling of disease state, care, and cost for insurers, health plans, self-insured employers, and integrated delivery networks.

The Argument, In One Chart

Traceability94
Expert Auditability90
Domain Grounding88
Control / Safety85
Generative Fluency72

Illustrative - a visual summary of Evidium's stated design priorities, not a benchmarked measurement. The company positions knowledge integrity and traceability ahead of raw predictive fluency.

On The Record

“Healthcare's future depends on systems that can learn, explain, and enhance physicians' roles.”

Lawrence K. Cohen · CEO, Health2047

“Evidium's substrate powers how AI systems reason in high-stakes domains.”

Herb Madan · WGG Partners

“Much of medicine's knowledge has been locked in text, statistics, and silos.”

Carl Bate · Founder & CEO, Evidium

The Timeline

2023

Evidium is founded

Carl Bate starts the company in San Francisco to make medical knowledge computational and explainable.

2024

Referenced AI meets Oracle Cloud

Evidium selects Oracle Cloud Infrastructure to power its neurosymbolic healthcare AI platform.

2025 · OCT

Predictive modeling launches

The company debuts clinical disease-state, care, and cost forecasting at the Self-Insurance Institute of America National Conference.

2025 · NOV

$22M Series A closes

Health2047 and WGG Partners co-lead the round; Interwoven Ventures and Mindset Ventures participate.

Who's On The Cap Table

Health2047 · co-lead (AMA venture studio) WGG Partners · co-lead Interwoven Ventures Mindset Ventures PGV

Frequently Asked

What does Evidium do?

Evidium builds "Referenced AI" for healthcare - a neurosymbolic platform that turns medical evidence into computable knowledge and delivers transparent, traceable insights and risk forecasts to clinicians, health systems, and insurers.

What is "Referenced AI"?

It's Evidium's term for AI whose every output traces back to clinical evidence - guidelines, charts, and research - so experts can audit and validate the reasoning instead of trusting a black box.

Who founded Evidium and where is it based?

Evidium was founded by Carl Bate, its CEO, and is headquartered at 44 Tehama Street in San Francisco, California.

How much funding has Evidium raised?

Evidium closed a $22M Series A in November 2025, co-led by Health2047 (the AMA's venture studio) and WGG Partners, with participation from Interwoven Ventures and Mindset Ventures.

Who are Evidium's customers?

Health systems, clinicians and care teams, insurers, health plans, self-insured employers, integrated delivery networks (payviders), and life-sciences organizations.