Rad AI Raises $68M with Investment from Major Health Systems

Rad AI raised its Series C funding to $68 million, with $8 million from top U.S. health systems.

Key Details

• Advocate Health, Memorial Hermann, Corewell Health, and Atlantic Health System invested a combined $8 million.
• The total fundraising for Rad AI's Series C is $68 million.
• Rad AI's solutions reportedly impact nearly half of all imaging volumes in the U.S.
• The company achieved 8,710% revenue growth from 2020-2023.
• Rad AI is valued at $525 million according to Pitchbook estimates.
• The investment aims to drive systemwide adoption of radiology AI and address clinical and operational pressures.

Why It Matters

Such large-scale investment by major health systems signals growing confidence in radiology-focused AI solutions and supports further innovation and adoption. This collaboration could accelerate AI integration across the imaging workflow, with potential improvements in patient care and operational efficiency.

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