About iCAD
iCAD is a company based in Nashua (United States) founded in 1984 was acquired by RadNet in April 2025.. iCAD has completed 2 acquisitions, including Elekta Xoft and VuCOMP. iCAD offers products and services including ProFound Breast Health Suite, Cancer Detection, Density Assessment, and Risk Evaluation. iCAD operates in a competitive market with competitors including AIdoc, AI Medical Service, eCential Robotics, Vara and Lantheus, among others.
- Headquarter Nashua, United States
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Icad, Inc.
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Annual Revenue
$00as on Jan 11, 2012
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Net Profit
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EBITDA
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Latest Funding Round
$15 M (USD), Debt – Conventional
Jan 11, 2012
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Investors
RadNet
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Elekta Xoft
& 1 more
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Acquired by
RadNet
(Apr 15, 2025)
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Products & Services of iCAD
iCAD offers a comprehensive portfolio of products and services, including ProFound Breast Health Suite, Cancer Detection, Density Assessment, and Risk Evaluation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI software for early cancer detection and risk evaluation.
Software to identify breast cancer in mammograms accurately.
AI for evaluating breast density and related risks.
Platform to predict breast cancer risk based on imaging.
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Funding Insights of iCAD
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $15.0M
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First Round
First Round
(11 Jan 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2012 | Amount | Debt – Conventional - iCAD | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iCAD
iCAD has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include RadNet and Deerfield Triarc Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provides asset management and investment advisory services.
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Founded Year | Domain | Location | |
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Radiology centers are operated as a nationwide chain.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iCAD
iCAD has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Elekta Xoft and VuCOMP. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Computer-aided detection systems for mammograms are developed and marketed.
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2001 | ||||
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Electronic brachytherapy systems are developed for cancer treatment.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iCAD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Icad Comparisons
Competitors of iCAD
iCAD operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AIdoc, AI Medical Service, eCential Robotics, Vara and Lantheus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based single-screen system is provided to streamline medical imaging.
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| domain | founded_year | HQ Location |
Provider of AI-based solution for diagnosis of cancer related lesions
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| domain | founded_year | HQ Location |
Robotic surgery platform for bone procedures is developed.
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| domain | founded_year | HQ Location |
Provider of AI-based breast cancer screening software for clinics
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| domain | founded_year | HQ Location |
Developer of diagnostic imaging agents and targeted therapeutics
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| domain | founded_year | HQ Location |
AI-guided software is utilized to automate MRI exams for clinicians.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Icad
Frequently Asked Questions about iCAD
When was iCAD founded?
iCAD was founded in 1984 and raised its 1st funding round 28 years after it was founded.
Where is iCAD located?
iCAD is headquartered in Nashua, United States. It is registered at Nashua, New Hampshire, United States.
What does iCAD do?
iCAD was founded in 1984 and is based in Nashua, United States, within the medical technology sector. An image analysis platform is offered to support cancer detection and radiation therapy. Workflow solutions are included for identifying breast, prostate, and colorectal cancers. The Xoft System is employed for intraoperative radiation therapy, where high dose rate, low energy radiation is delivered non-invasively to target cancer while reducing exposure to adjacent healthy tissue.
Who are the top competitors of iCAD?
iCAD's top competitors include AIdoc, eCential Robotics and Vara.
What products or services does iCAD offer?
iCAD offers ProFound Breast Health Suite, Cancer Detection, Density Assessment, and Risk Evaluation.
How many acquisitions has iCAD made?
iCAD has made 2 acquisitions, including Elekta Xoft, and VuCOMP.
Who are iCAD's investors?
iCAD has 2 investors. Key investors include RadNet, and Deerfield Triarc Capital.