RapidAI – a leader in developing AI and technology workflow solutions to combat life-threatening neurovascular, cardiac, and vascular diseases – recently announced $75 million in Series C funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data, and technology markets. And this funding round aims to drive platform innovation to support more disease states and go-to-market functions to accelerate growth in new regions and product verticals.
The company’s pioneering AI and workflow technology sets the standard for stroke care, which is the second leading cause of death globally. And the company has built a comprehensive portfolio of stroke solutions, including Rapid NCCT Stroke – the first and only FDA-cleared medical device to detect suspected intracranial hemorrhage (ICH) and large vessel occlusion (LVO) from non-contrast CT imaging. Rapid NCCT Stroke offers hospitals of all sizes and imaging capabilities greater access to imaging and decision support to address a wider population of patients. RapidAI has also expanded into new disease states with FDA-cleared modules for cerebral aneurysm management and the identification and notification of suspected central pulmonary embolism. The company is also developing additional modules for other disease states.
The recent milestones demonstrating RapidAI’s platform innovation and market traction include:
— Surpassed 10 million scans analyzed on the platform
— Published in over 300 peer reviewed publications;
— Deployed in over 2,200 hospitals in 100+ countries; and
— Utilized in over 25 clinical trials.
KEY QUOTES:
“Hospitals are increasingly looking for RapidAI solutions to solve their critical needs, including helping care teams work more efficiently and support clinical decision making for better patient outcomes. RapidAI’s advanced clinical decision support (CDS) software goes beyond simple triage and notification to provide specific, relevant and contextual data with tremendous accuracy to satisfy these demands. Vista Credit Partners’ support and access to their expertise will advance our vision, technological innovation and go-to-market efforts as we further establish our leadership position in clinical AI solutions for life-threatening diseases.”
— Karim Karti, CEO of RapidAI
“Vista Credit Partners provides mission-critical enterprise software businesses with flexible capital solutions and operational support to accelerate growth and category leadership. RapidAI is playing an outsized role in advancing patient care for life-threatening diseases with innovative clinical AI solutions. We look forward to our partnership and helping the company realize its next phase of growth.”
— David Flannery, President of Vista Credit Partners
