Rad AI, a radiologist-founded firm using artificial intelligence to alleviate burnout, has raised $25 million, officials announced Wednesday.
San Francisco-based Artis Ventures investment firm led the Series A financing with additional contributions from existing backers such as Gradient Ventures, Google’s AI-focused fund. The money will go toward further developing Rad AI’s initial offerings, used for auto-generating impressions from radiologists’ dictations and aiding in incidental findings follow up.
“AI is now serving as a critical skill multiplier for physicians, allowing for significant improvements in patient outcomes and overall healthcare costs,” Stuart Peterson, managing partner of Artis Ventures, said in a statement.
Radiologist Jeff Chang, MD, co-founded Rad AI in 2018, and the Berkley, California-based company has seen rapid growth since, with 7 of the 10 largest U.S. practices using its solutions.