Rad AI is a healthcare-focused company that is striving to develop generative AI solutions for radiologists. Rad AI was founded in 2018 and is headquartered in San Francisco, CA. The company is aiming to use AI to assist radiologists so they are less likely to experience burnout while striving to improve the quality of care they provide to patients, including diagnosis of cancer and other conditions.
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Is Rad AI a public company?
No, Rad AI is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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Other companies like Rad AI in the Healthcare software sector
Wake Radiology UNC REX Healthcare, a leading provider of outpatient medical imaging in the Triangle, is proud to announce its partnership with Rad AI to implement its radiology reporting software: Rad AI Reporting. This software is set to revolutionize the field by enhancing reporting accuracy and efficiency. By utilizing generative AI and advanced machine learning algorithms, the award-winning Rad AI Reporting enables a “Speak Less, Say More” experience.
Rad AI, a leader in generative AI for healthcare, today announced it raised $50 million in Series B financing. The round was led by Khosla Ventures, with participation from WiL (World Innovation Lab) and existing investors ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google's AI-focused fund), among others, bringing total capital raised to over $80 million. Rad AI's solutions are already used by more than a third of all US health systems and by 9 of the 10 largest US radiology practices, saving physicians hours each day and helping ensure patients' new cancers are diagnosed and treated promptly.
On Tuesday, Khosla led a $50 million Series B into Rad AI, which developed a tool that can generate reports for radiologists. Other participants in the round included World Innovation Lab and returning investors ARTIS Ventures, OCV Partners, Kickstart Fund and Gradient Ventures (Google’s AI-focused fund). The financing brought the company’s total capital raised to over $80 million. Rad AI was founded in 2018 by Dr. Jeff Chang, who completed his medical training as a radiologist when he was 16 and later received an MBA from UCLA, and serial entrepreneur Doktor Gurson.
Rad AI, a startup that developed an AI platform for radiology, is teaming up with Google to use its cloud and large language models to streamline workflows and reduce radiologists' administrative burdens. Founder Dr. Jeff Chang, a radiologist, started the company because he was troubled by high error rates, radiologist burnout and rising imaging demand despite a worsening shortage of U.S. radiologists. Rad AI uses state-of-the-art machine learning and AI to automate repetitive tasks for radiologists and automate workflow for health systems.
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