RapidAI Secures $75M to Further Advance the Development of Clinical AI Solutions
Funding Round Info:
RapidAI, a renowned pioneer in the advancement of Artificial Intelligence (AI) and technology workflow solutions to address critical neurovascular, cardiac, and vascular conditions, has disclosed securing $75 million in Series C funding. This funding round was spearheaded by Vista Credit Partners, a subsidiary of Vista Equity Partners and a key strategic financing partner with a focus on the enterprise software, data, and technology sectors. The primary objective of this funding is to fuel platform innovation, enabling the support of additional disease states and enhancing go-to-market efforts, ultimately expediting growth in new regions and product verticals.
About RapidAI:
RapidAI stands at the forefront of utilizing AI to confront life-threatening neurovascular and vascular ailments. Pioneering the advancement of clinical decision-making and patient workflow, RapidAI empowers physicians to make swift and informed choices, resulting in improved patient outcomes. With insights gleaned from nearly 10 million scans across over 2,000 hospitals in more than 100 countries, the transformative Rapid® platform revolutionizes care coordination, providing care teams with an unprecedented level of patient visibility. At RapidAI, the convergence of AI and patient care is redefining the future of medical treatment.
About Vista Credit Partners:
Vista Credit Partners, the credit-investing division of Vista Equity Partners, specializes in strategic investments and financing within the enterprise software, data, and technology market. They follow a disciplined approach to credit investing, while also staying adaptable to pursue investments with the best relative value across the capital structure. As of March 31, 2023, Vista Credit Partners manages assets worth over $7.2 billion. Since its establishment in 2013 and up to June 30, 2023, the company has deployed over $10.7 billion. They provide tailored solutions that align with strategic goals, offering growth-friendly terms and long-term investment horizons across both private and broadly syndicated markets. Vista Credit Partners sources deals directly from founder-led companies, sponsor relationships, and an extensive network of experts, advisors, and intermediaries. This allows them to support growth and unlock value through innovative capital solutions and operational partnerships.