Rad AI Raises $60 Million in Series C
Rad AI, a San Francisco, CA-based healthcare AI company specializing in generative AI solutions for radiology, has raised $60 million in Series C funding, bringing its valuation to $525 million.
Rad AI, a San Francisco, CA-based healthcare AI company specializing in generative AI solutions for radiology, has raised $60 million in Series C funding, bringing its valuation to $525 million.
Investors
The oversubscribed round was led by Transformation Capital, with participation from existing investors Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, Cone Health, and others. This follows a $50 million Series B raise just seven months ago.
Transformation Capital, founded in 2016 and based in Boston, Massachusetts, is a growth and expansion firm focused on innovative healthcare IT and services companies.
Rad AI Use of Funds
The investment will accelerate Rad AI's development and deployment of generative AI technology to healthcare providers and systems globally.
About Rad AI
Founded in 2018, Rad AI provides generative AI solutions for radiology. The company focuses on transforming the way radiologists work and improving patient care. Its flagship product, Rad AI Reporting, is designed to automate radiology reporting, saving time and reducing burnout. Rad AI's solutions are used by thousands of radiologists.
Funding Details
Company: Rad AI, Inc.
Raised: $60.0M
Round: Series C
Funding Date: January 2025
Lead Investor: Transformation Capital
Additional Investors: Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, Cone Health
Company Website: https://www.radai.com/
Software Category: Radiology AI
