RapidAI

RapidAI

AI software for vascular condition detection

About RapidAI

Simplify's Rating
Why RapidAI is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Series C

Total Funding

$100.5M

Headquarters

Menlo Park, California

Founded

2012

Overview

With a pivotal role in enhancing clinical decision-making, this company offers a robust AI-driven platform that assists in detecting and managing severe vascular and neurovascular conditions. Leveraging intelligence from over 10 million scans, it empowers healthcare professionals in more than 2,000 hospitals to make quicker, more informed decisions. Working here not only places you at the forefront of medical technology partnerships but also within a culture dedicated to impactful innovation and elevated patient care.

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Simplify's Take

What believers are saying

  • RapidAI's partnership with Alaska Stroke Coalition improves stroke care in rural areas.
  • The company won the 2024 MedTech Breakthrough Award for 'Best Care Coordination Platform'.
  • FDA clearance for AngioFlow™ enhances RapidAI's stroke imaging capabilities in the U.S.

What critics are saying

  • Emerging AI healthcare startups could threaten RapidAI's market share.
  • RapidAI's solutions may become outdated without continuous innovation.
  • Data privacy concerns could arise as RapidAI expands globally.

What makes RapidAI unique

  • RapidAI's platform uses AI to enhance stroke and aneurysm diagnostic imaging.
  • The company offers a centralized platform for remote access to critical patient information.
  • RapidAI's solutions facilitate collaborative decision-making among healthcare providers.

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Funding

Total Funding

$100.5M

Above

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$75M
RapidAI
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Stock Options

Phone/Internet Stipend

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Hit Consultant
Sep 6th, 2024
Rapidai Partners With Alaska Stroke Coalition To Improve Stroke Care

What You Should Know:– RapidAI, a global leader in AI-powered healthcare solutions, has announced a partnership with the Alaska Stroke Coalition (ASC) to improve stroke care in Alaska.– The “Rapid AK” project aims to address the unique challenges faced by rural hospitals in the state, such as limited technology and access to specialized care.The Importance of Timely Stroke TreatmentStroke is a leading cause of death and disability in Alaska. Every minute a stroke goes untreated, 1.9 million brain cells die, leading to significant long-term consequences. The ASC is dedicated to improving stroke outcomes by enhancing prevention, treatment, and rehabilitation efforts.Leveraging AI to Enhance Stroke CareRapidAI’s AI-powered solutions offer a number of benefits for stroke care, including:Clinical insights: RapidAI’s technology can provide valuable insights into CT scans, helping healthcare providers identify salvageable brain tissue.RapidAI’s technology can provide valuable insights into CT scans, helping healthcare providers identify salvageable brain tissue. Centralized workflow: A centralized platform allows the entire care team to access critical patient information, even across remote locations.A centralized platform allows the entire care team to access critical patient information, even across remote locations. Collaborative decision-making: The platform facilitates collaboration among healthcare providers, enabling more effective treatment planning.Addressing the Challenges of Rural Stroke CareRural hospitals in Alaska face unique challenges in providing timely stroke care. By implementing RapidAI’s solutions, these hospitals can improve their ability to diagnose and treat strokes, even in remote locations.The partnership between RapidAI and the ASC has the potential to significantly improve stroke outcomes in Alaska

Aunt Minnie
Sep 4th, 2024
RapidAI partners with Alaska Stroke Coalition

RapidAI partners with Alaska Stroke Coalition.

RapidAI
Jul 26th, 2024
The Innovator in AI Enhanced Stroke Imaging Officially Becomes RapidAI

RapidAI Acquires Comprehensive Aneurysm Management Innovator and Expands Scope to Include Aneurysm, Extending Its Leadership in Cerebrovascular Imaging

GlobeNewswire
Jun 6th, 2024
Rapidai Wins 2024 Medtech Breakthrough Award For "Best Care Coordination Platform"

LOS ANGELES, June 06, 2024 (GLOBE NEWSWIRE) -- MedTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies, and products in the global digital health and medical technology market, today announced that RapidAI , the global leader in developing Artificial Intelligence (AI) and clinical workflow solutions to combat life-threatening neurovascular, cardiac, and vascular diseases, has been selected as the winner of the “Best Care Coordination Platform” award in the 8th annual MedTech Breakthrough Awards program.The 2024 MedTech Breakthrough Award recognizes the breakthrough innovation of the RapidAI Clinical Platform, a proven solution that provides clinicians from thousands of hospitals in over 100 countries with deep clinical context to make faster and more informed treatment decisions while also enhancing their confidence in diagnosis. By opening up the care pathway through the power of AI and enhanced connectivity, RapidAI transforms the quality of care delivered to patients by facilitating faster, more informed decision-making.“RapidAI’s Clinical Platform moves the needle by pairing together the most clinically validated deep AI algorithms with workflow efficiencies that take the friction out of the healthcare system, making it our ‘Best Care Coordination Platform’ for 2024,” said Steve Johansson, managing director of MedTech Breakthrough. “The workflow efficiencies and connectivity that RapidAI enables ensures that every patient, no matter where they go for care, has access to the most trusted technology and clinical specialists - all while delivering measurable financial and operational impact.”According to the World Stroke Organization (WSO), over 100 million people in the world have experienced a stroke, of which over half will die as a result. On top of this, the WSO estimates 143 million healthy years of life are lost for those who do survive. For stroke patients alone, RapidAI’s technology has been shown to reduce both length-of-stay and non-fatal complications, increase mechanical thrombectomy procedure volume, reduce the number of costly futile transfers, and give radiologists and hospital staff valuable time back through its cutting-edge AI and workflow solution.“We are honored that the RapidAI Clinical Platform has been recognized by MedTech Breakthrough for the care orchestration and workflow efficiencies that it enables,” said Karim Karti, CEO of RapidAI. “By enhancing cross-department collaboration and team communication, the RapidAI Clinical Platform benefits care teams by fostering prompt collaboration and mitigating wasted time and resources

Business Wire
May 6th, 2024
Rapidai Secures Fda Clearance For Perfusion Imaging In The Angiography Suite

SAN MATEO, Calif.--(BUSINESS WIRE)--RapidAI, the global leader in developing clinically deep Artificial Intelligence (AI) and technology workflow solutions to combat life-threatening neurovascular, cardiac, and vascular diseases, today announced that the Food and Drug Administration (FDA) has granted 510(k) clearance for its AngioFlow™ by RapidAI solution. The module delivers perfusion imaging analysis directly within the interventional suite to promote greater clinical confidence, workflow efficiency, and potentially improve patient outcomes. “We are pleased to expand our stroke AI imaging portfolio, the broadest in the industry, to include this new module. With AngioFlow™ by RapidAI, we can now support stroke AI imaging along the entire patient pathway, from the initial non-contrast CT scan all the way to the interventional suite,” said Karim Karti, CEO of RapidAI. “Already registered and used in Japan and Europe, we believe this technology will make a significant difference in the lives of U.S. stroke patients.”

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