Rad AI raised its Series C funding to $68 million, with $8 million from top U.S. health systems.
Key Details
- 1Advocate Health, Memorial Hermann, Corewell Health, and Atlantic Health System invested a combined $8 million.
- 2The total fundraising for Rad AI's Series C is $68 million.
- 3Rad AI's solutions reportedly impact nearly half of all imaging volumes in the U.S.
- 4The company achieved 8,710% revenue growth from 2020-2023.
- 5Rad AI is valued at $525 million according to Pitchbook estimates.
- 6The 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.
Source
Radiology Business
Related News
•AuntMinnie
AI's Evolving Role in Tackling Radiology Workforce Shortages
AI technologies are emerging as key tools to alleviate radiology workforce shortages by improving efficiency and supporting clinical workflows.
•Radiology Business
Multimodal LLMs Struggle with Radiology Board Image Questions
Latest multimodal large language models show limitations on image-based radiology exam questions.
•AuntMinnie
AI-CAD Demonstrates High Sensitivity in Breast Cancer Screening
A large study found that AI-based computer-aided detection (AI-CAD) can improve breast cancer detection and support radiologists in screening mammography.