Google-Backed Medical AI Startup Founder Splurges On $38 Million Oceanside Penthouse In MiamiExclusive Surf Club

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The Surf Club at Miami’s Four Seasons Hotel has a new member. Daniel Nadler, founder of medical AI company OpenEvidence, has just purchased a $38.2 million triplex at this exclusive seaside resort.

Nadler may be new to Florida’s high-end real estate game, but he’s certainly making up for lost time. According to The Wall Street Journal, this is the 42-year-old Canadian’s first U.S. real estate investment. This is the kind of deal you can pull off when Google backs your startup and Forbes certifies you as a billionaire.

It’s worth nothing that Nadler didn’t just come out of nowhere. He’s an established player in the tech game with a track record of success. Before founding OpenEvidence, Nadler founded Kensho Technologies, which the Journal reports he sold for $550 million in 2018.

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Nadler made his fortune by building a better mousetrap. His company, OpenEvidence, operates an AI-enhanced search engine for doctors. The company is on a hot streak. OpenEvidence announced the receipt of a $210 million round of series B funding last month. The release also claims OpenEvidence is the most widely used medical search and AI application among verified U.S. clinicians, and has a current valuation of $3.5 billion.

OpenEvidence works by utilizing proprietary algorithms to screen thousands of published medical research papers in milliseconds and directs doctors to the most relevant information. This technology can consume and process information much more quickly than doctors can by using traditional methods.

“I think OpenEvidence looks like it’s going to be for healthcare what Google was for the Internet,” billionaire investor John Doerr, told Forbes. “It’s the free-for-physician model that’s the magic here.” OpenEvidence also mirrors Google in another way. Doctors can use OpenEvidence for free, and the platform generates revenue through advertising sales.

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It’s not hard to see why companies like Google and investors like Doerr are so hot on Nadler’s new venture. They are banking on OpenEvidence’s potential to improve patient outcomes. They stand to make a lot of money if OpenEvidence can deliver.

The financial rewards can be very lucrative when you build a company with that kind of upside. Nadler’s Surf Club condo is part of how the super-rich enjoy the fruits of their labor. It’s equipped with everything a billionaire needs to live the high life.

The Journal reports Nadler’s new penthouse has 6,000 square feet spread across three levels. Nadler will enjoy 180-degree views of the Atlantic Ocean from almost every room. His penthouse has five bedrooms, a 2,000-square-foot private terrace, and an infinity pool. “It actually just feels almost like one of those Venetian palazzos, but in the sky,” Nadler told the Journal.

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Nadler’s new home has a long history with the rich and famous. The Surf Club was founded in 1930 by tire magnate Harvey Firestone. According to design magazine Wallpaper*, past visitors to the Surf Club include Winston Churchill, Frank Sinatra, Alfred Hitchcock, and Liberace. The Surf Club’s Miami Beach location also gives Nadler easy access to some of South Florida’s best dining and entertainment.

Nadler cited several motivations behind his purchase. “I didn’t want the overhead of dealing with houses and all of the stuff that comes with houses,” he told the Journal. “If I could wake up at 4 a.m. and just order room service — this is so perfect.” He also sees his penthouse as an investment. “I wanted to pounce on it,” he said. “Whatever I paid, I think it will be double that in five years.”

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This article Google-Backed Medical AI Startup Founder Splurges On $38 Million Oceanside Penthouse In MiamiExclusive Surf Club originally appeared on Benzinga.com