Rad AI, the fastest growing radiologist-led AI company, today announced $25 million in Series A funding. The round was led by Artis Ventures with participation from 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.
Founded in 2018, 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. Its first product, Rad AI Omni, saves radiologists an average of 60 minutes per day, and helps achieve up to 20% time savings per report.
In October, Rad AI was recognized as the Best New Radiology Vendor by AuntMinnie. AuntMinnie.com is the largest community website for medical imaging professionals worldwide, and the Minnies have been the premier awards event in radiology since 2000.
Read more about the update here: https://www.radai.com/news/rad-ai-closes-25-million-series-a-to-transform-radiology-workflow-by-harnessing-the-power-of-artificial-intelligence