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Evidently Analysis: $15M Raised

What is Evidently?

Evidently specializes in AI-assisted clinical data intelligence, transforming vast amounts of clinical notes and records into actionable insights. Their unique approach integrates seamlessly with existing EHR systems, enhancing workflows and reducing clinician burden. This innovation significantly improves patient care quality and provider well-being.
Employees
11-50
Founded
2020
Industry
HealthTech, AI/ML, Data Analytics
Latest Funding Amount
$15,000,000
Latest Funding Round Size
$15.0M

Product Features & Capabilities

  • Clinical Data Intelligence tools for inpatient and outpatient care
  • AI-assisted note drafting and summarization
  • Integration with SMART on FHIR-enabled EHR systems
  • Customizable reporting for clinical data
  • Responsible AI framework ensuring ethical use.

How much Evidently raised

Funding Round - $15.0M

Recent

Other Considerations

Achieved a 31.7-point increase in Net EHR Experience Score; Trusted by major healthcare organizations; Built around HIPAA and SOC 2 Type II compliance.

Gtm Strategy

Evidently employs a hybrid go-to-market (GTM) strategy that combines elements of both product-led growth (PLG) and sales-led approaches. The website emphasizes integration with existing Electronic Health Record (EHR) systems, which facilitates easy access for healthcare organizations. However, there is no prominent option for a free trial or self-service signup, indicating a reliance on sales engagement. The absence of transparent pricing suggests that potential customers may need to contact sales for details, aligning more with a sales-led approach.

Customer testimonials highlight significant improvements, such as a "31.7-point increase in Net EHR Experience Score" and a "6x return on investment" for clients, indicating a structured sales cycle rather than viral adoption. While educational resources are available, they focus on showcasing the product's benefits rather than extensive self-service learning materials. This suggests a strategy that leans towards high-touch relationships with healthcare organizations, optimizing for larger contract values and executive buy-in rather than rapid user adoption.

Reported Clients

  1. University of Iowa Health Care - They integrated Evidently's clinical data intelligence, resulting in a significant 31.7-point increase in their Net EHR Experience Score.
  2. Allina Health

Tech Stack

Evidently employs a diverse technology stack primarily focused on data and cloud infrastructure. The programming languages prominently used include Python, SQL, and Bash scripting, with frameworks like Django and FastAPI supporting their development efforts. Their infrastructure is heavily based on Google Cloud Platform, utilizing tools such as Kubernetes and Cloud SQL for deployment and management. Data technologies include PostgreSQL and BigQuery, indicating a strong focus on data processing and analytics. However, there was no information found regarding sales or marketing technologies.

Find more companies like Evidently

US Series A startups

Financial Overview

$15MTotal Raised
Funding Round$15.0M
Recent
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