Rad AI

About Rad AI

Rad AI is a healthcare technology company that develops generative artificial intelligence solutions to streamline workflows for radiologists, aiming to reduce physician burnout and enhance patient care. The company was founded in February 2018 by Dr. Jeff Chang, a radiologist, and Doktor Gurson, a serial technology entrepreneur. Dr. Chang's experience as an ER radiologist, where he witnessed rising imaging volumes and burnout, inspired the creation of Rad AI to introduce more assistive technology to the field. He became the youngest radiologist in U.S. history after starting medical school at NYU at age 16 and holds an MBA, along with graduate-level education in machine learning. Gurson brings a background as a serial entrepreneur with multiple startups over a 20-year tech career.

The company operates on an enterprise SaaS business model, providing its AI-powered platform to health systems and private radiology practices. Its customer base includes 9 of the 10 largest radiology practices in the U.S. and serves institutions that account for nearly half of all medical imaging in the country. Rad AI's core products integrate into existing radiology software and are designed to improve efficiency and accuracy. These products include Rad AI Reporting, which uses generative AI to automate the creation of radiology reports, personalizing them to each radiologist's style and reducing dictation time. Rad AI Impressions automatically generates the summary section of a report from the radiologist's dictated findings. Rad AI Continuity is a follow-up management system that automates the process of tracking and closing the loop on significant incidental findings, which improves patient return rates for necessary follow-up care.

Since its inception, Rad AI has achieved significant growth and financial backing. The company has raised over $140 million in total funding through multiple rounds, including a $50 million Series B in May 2024 and a $60 million Series C in January 2025, which valued the company at $525 million. Key investors include Khosla Ventures, Transformation Capital, and Google's AI-focused fund, Gradient Ventures.