Led by Transformation Capital, the Investment Accelerates Rad AI’s Development and Deployment of Generative AI Technology to Healthcare Providers and Systems GloballySAN FRANCISCO, Jan. 30, 2025 /PRNewswire/ — Rad AI, one of the fastest growing healthcare AI companies and the first to successfully commercialize a generative AI product in healthcare, today announced a $60M Series C financing round, valuing the company at $525M. The oversubscribed round was led by Transformation Capital, with participation from existing investors Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, Cone Health and others. This raise comes seven months after their $50M Series B financing.Radiology is the largest specialty in healthcare, accounting for nearly 10 percent[1] of all healthcare spend in the US and more than 80 percent[2] of all healthcare data by size, with over 700 million imaging exams performed in the US each year. However, as the number of annual exams rise, radiologist burnout continues to worsen – national physician surveys[3] have found that 88.4% of radiologists are either at capacity or overworked and overextended.With total investment of over $140M to date, Rad AI has emerged as a leader in generative AI solutions for healthcare. The company’s solutions are used by thousands of radiologists every day at health systems and radiology practices across the country that account for nearly 50% of all medical imaging done in the US. Rad AI was recently named the 19th fastest-growing company in North America by Deloitte in its Fast 500 rankings.“Radiologists play a vital role at the center of our healthcare system, enabling early diagnosis and prevention of illness,” said Vinay Shah, partner at Transformation Capital

CHICAGO-(BUSINESS WIRE)- GE HealthCare (Nasdaq: GEHC) today announced an initiative with AMN Healthcare aimed at helping address the critical shortage of radiologic technologists (rad tech) in the healthcare industry.