Rad AI Raises $60 Million In Round That Includes Investment From Health System Cone Health

Rad AI, which provides an artificial intelligence (AI) platform for radiology, raised $60 million in Series C financing. Rad AI’s platform uses generative AI to improve radiologist workflows by automatically generating draft text for reports and referrals. The round was led by Transformation Capital, with participation from existing investors Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, and from Cone Health, a health system in North Carolina.

The company's flagship product, Rad AI Reporting, streamlines radiology reporting with AI-driven technology. Rad AI Impressions, which launched in 2018, is used by thousands of radiologists in the . . .