The round was led by Khosla Ventures, with participation from WiL (World Innovation Lab) and existing investors ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google's AI-focused fund), among others, bringing total capital raised to over $80 million.

Rad AI is the fastest-growing radiologist-led AI company. More than one-third of US health systems and radiology practices now leverage the latest generative AI advancements from Rad AI. The company has been recognized as one of the most promising healthcare AI companies by CB Insights (Digital Health 50, AI 100) and AuntMinnie (Best New Radiology Software of 2023, Best New Radiology Vendor of 2021). In Dec 2023, an Accenture report noted that Rad AI has the highest influence score and brand buzz of any private company in radiology.