Rad AI Raises $68M with Investment from Major Health Systems
May 21, 2025
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.