Rad AI secures $25M in new funding

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Radiology artificial intelligence (AI) startup Rad AI has garnered $25 million in a series A funding round.

Led by Artis Ventures, the financing round also included participation from several existing investors, including OCV Partners, Kickstart Fund, and Google's AI-focused fund Gradient Ventures, according to Rad AI.

The company said it would use the funds to further develop and commercialize its Omni and Continuity offerings. Omni is designed to save radiologists 60 or more minutes a day by automatically generating the "impression" section of the radiology report based on the dictated findings, Rad AI said.

Geared toward health systems, Continuity automatically identifies follow-up recommendations for a wide range of incidental findings, assesses clinical appropriateness based on national consensus guidelines and health system requirements, and specifically tracks appropriate follow-ups, according to the vendor.

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