On May 7, 2024, the San Francisco-based startup Rad AI, which assists in AI radiology medical imaging report generation,Rad AIannounced it had raised $50 million in Series B funding, led by Khosla Ventures, with participation from World Innovation Lab, ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google's fund focused on artificial intelligence).
The company plans to use the raised funds to further develop its artificial intelligence technology to help radiologists save time on report generation and improve work efficiency.
Rad AI was founded in 2018 by Dr. Jeff Chang and serial entrepreneur Doktor Gurson, focusing on using artificial intelligence technology to help radiologists save time in the report generation process. The company's main business is developing and providing AI tools to assist radiologists in generating medical imaging reports during the diagnostic process, reducing the time spent on report documentation to alleviate radiologists' workload.
(Source:TechCrunch）