When: Founded 2018
How Much: $4 million
Who?: Gradient Ventures (lead); UP2398, Array Ventures, Fifty Years, Hike Ventures, GMO Venture Partners, Precurser Ventures
Why? To build out its engineering team, expand the rollout of its first product to more radiology groups and customers.
What: Rad AI uses machine learning to transform the practice of radiology. Rad AI’s products are designed by and for radiologists. By streamlining existing workflows and automating repetitive manual tasks, the startup increases daily productivity while reducing radiologist burnout. The startup also provides more consistent radiology reports for ordering clinicians, and for patients, higher accuracy.