Rad AI Secures $60M Series C, Valued at $525M

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Key Highlights

  • Rad AI secures $60M Series C round, valuing the company at $525M.
  • Led by Transformation Capital, with participation from Khosla Ventures and others.
  • Rad AI’s solutions power nearly 50% of medical imaging in the US.
  • Rad AI Reporting named “Best New Radiology Software of 2023” by AuntMinnie.
  • AI-driven follow-up solution, Rad AI Continuity, boosts patient diagnosis rates.

Source: Direct

Notable Quotes

  • “Rad AI’s generative AI solutions help radiologists and other healthcare providers tackle some of our industry’s greatest challenges by significantly improving provider efficiency, alleviating burnout, and advancing the quality of patient care.” — Vinay Shah, Partner at Transformation Capital
  • “Rad AI has proven to be a tremendous partner to our groups, helping solve the acute staffing, burnout, and technology challenges facing radiology practices.” — Scott Bundy, MD, CEO and Chair at Strategic Radiology
  • “This strategic funding round will accelerate our progress as the leading AI-driven workflow platform in healthcare.” — Doktor Gurson, Co-founder and CEO at Rad AI

Why This Matters

The rapid adoption of AI in healthcare is transforming radiology, an essential field responsible for early disease detection. Rad AI, already a leader in AI-driven radiology solutions, is scaling its impact with this new funding. With AI-powered tools reducing radiologist workload and improving patient outcomes, this funding will accelerate innovation in healthcare, ensuring that critical diagnoses are made efficiently and accurately.

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