Rad AI, a Berkeley, California-based fastest-growing radiologist-led AI company, announced $25 million in Series A funding.
The round was led by ARTIS Ventures, with participation by several existing investors, including OCV Partners, Kickstart Fund, and Gradient Ventures (Google's AI-focused fund).
The funding will drive further development and commercialization of Rad AI Omni and Rad AI Continuity, the company's first core offerings on its AI platform, and advance Rad AI's mission to empower radiologists with AI — saving them time, reducing burnout, and helping to improve the quality of patient care.
Company: Rad AI
Raised: $25.0M
Round: Series A
Funding Month: November 2021
Lead Investors: ARTIS Ventures
Additional Investors: OCV Partners, Kickstart Fund, and Gradient Ventures
Company Website: https://www.radai.com/
Software Category: AI platform that streamlines the radiology workflow
About the Company: Founded in 2018, Rad AI streamlines the radiology workflow, providing time savings for radiologists and improving report consistency, while helping reduce radiologist burnout. Rad AI has seen rapid adoption of its AI platform and is already in use at 7 of the 10 largest private radiology practices in the United States. Rad AI uses state-of-the-art machine learning to streamline repetitive tasks for radiologists, which yields substantial time savings, alleviates burnout, and creates more time to focus on patient care. Rad AI is based in Berkeley, CA.
Source: https://www.prnewswire.com/news-releases/rad-ai-closes-25-million-series-a-to-transform-radiology-workflow-by-harnessing-the-power-of-artificial-intelligence-857307441.html