Rad AI Raises $60M Series C, Valuation Reaches $525M

Rad AI, a leading healthcare AI company, has raised $60 million in a Series C funding round, bringing its total valuation to $525 million. The round, led by Transformation Capital, included participation from several existing investors and follows a $50 million Series B funding secured seven months prior. Rad AI specializes in generative AI solutions for radiology, with products such as Rad AI Reporting, which streamlines the reporting process by reducing dictated words by up to 90% and saving providers up to 50% of their time. The company has raised over $140 million to date and serves thousands of radiologists across the U.S. and Canada, addressing significant issues like radiologist burnout and workflow inefficiencies. CEO Doktor Gurson emphasized the importance of these solutions in enhancing patient care and improving physician workflows. The latest funding will be utilized for expanding operations and research and development efforts.