Rad AI is a San Francisco healthcare AI company founded in 2018 by Doktor Gurson and radiologist Jeff Chang. It was one of the first companies to commercialize a generative AI product in healthcare, with its flagship Rad AI Reporting product automatically generating draft radiology report text in seconds to save radiologists time and reduce fatigue. Radiology accounts for a large share of US healthcare spending and imaging data, and Rad AI's tools are used across hospitals and radiology practices.
Funding
Rad AI closed a $60 million Series C on January 30, 2025 at a $525 million valuation, led by Transformation Capital with participation from existing investors including Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners and Cone Health. The round came roughly seven months after a $50 million Series B.