What is Rad AI?
Rad AI is at the forefront of revolutionizing radiology through advanced machine learning. Developed by radiologists, the platform is engineered to streamline existing workflows and automate repetitive manual tasks, thereby enhancing radiologist productivity and mitigating burnout. By providing precise radiology reports for ordering clinicians and improving diagnostic accuracy for patients, Rad AI addresses critical needs within the medical imaging field. The company's focus on AI-powered efficiency and accuracy positions it as a key player in the health tech landscape.
How much funding has Rad AI raised?
Rad AI has raised a total of $118.5M across 4 funding rounds:
Debt
$150K
Debt
$325K
Series B
$50M
Series C
$68M
Debt (2020): $150K with participation from PPP
Debt (2021): $325K led by PPP
Series B (2024): $50M supported by World Innovation Lab, ARTIS Ventures, and Khosla Ventures
Series C (2025): $68M featuring Memorial Hermann Health System, Advocate Health Care, Corewell Health, and Transformation Capital
Key Investors in Rad AI
Memorial Hermann Health System
Memorial Hermann Health System is a major integrated health system in the Texas Medical Center, serving the greater Houston area. It is known for its comprehensive range of medical services and commitment to patient care and research.
Advocate Health Care
Advocate Health Care is the largest health system in Illinois and one of the largest health care providers in the Midwest, recognized as a national leader in population health management and accountable care.
Corewell Health
Corewell Health is a not-for-profit integrated health system in Michigan, formed by the merger of Beaumont Health and Spectrum Health, focusing on comprehensive care across numerous facilities and a provider-sponsored health plan.
What's next for Rad AI?
The recent major strategic investment signifies a pivotal moment for Rad AI, likely enabling accelerated product development, market expansion, and further integration of its AI technologies into clinical practice. This enterprise-level funding suggests a trajectory towards broader adoption and potentially new service offerings. Rad AI is poised to deepen its impact on radiology, aiming to set new standards for efficiency, accuracy, and radiologist well-being through continued innovation and strategic partnerships.
See full Rad AI company page
