About USARAD
USARAD is a company based in Oakland Park (United States) founded in 2008 was acquired by Nanox in November 2021. It operates as a Radiology-as-a-Service (RAAS), and Managed Services. USARAD has raised $3 million across 2 funding rounds from investors including Siemens, Nanox and Excelerate Health Ventures. USARAD offers products and services including Radiology-On-Demand, Night Teleradiology Services, Daytime Teleradiology Services, Second Opinion Services, and Cardiovascular Imaging. USARAD operates in a competitive market with competitors including 5C Network, Telemedicine Clinic, vRad, Medica and Rology, among others.
- Headquarter Oakland Park, United States
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Usarad Holdings Inc
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of USARAD
USARAD offers a comprehensive portfolio of products and services, including Radiology-On-Demand, Night Teleradiology Services, Daytime Teleradiology Services, Second Opinion Services, and Cardiovascular Imaging. 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.
Teleradiology services are provided for radiology imaging needs.
Night coverage is offered for emergency radiology imaging.
Daytime staffing is provided for radiology imaging support.
Second opinions are given for radiology imaging cases.
Cardiac CTA interpretations are provided day or night.
Unlock access to complete
Unlock access to complete
Unlock access to complete
Funding Insights of USARAD
USARAD has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in March 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.0M
-
First Round
First Round
(17 Feb 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Series A - USARAD | Valuation | Excelerate Health Ventures , Omphalos Ventures |
|
| Feb, 2015 | Amount | Debt – Conventional - USARAD | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in USARAD
USARAD has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Siemens, Nanox and Excelerate Health Ventures. 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 |
|---|---|---|---|---|
|
Venture capital is provided for AI-driven healthcare innovations.
|
Founded Year | Domain | Location | |
|
Early-stage investments are made by Omphalos Ventures in US firms.
|
Founded Year | Domain | Location | |
|
Industrial software is developed for automation, electrification, and digitalization solutions.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by USARAD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - USARAD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Usarad Comparisons
Competitors of USARAD
USARAD 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 5C Network, Telemedicine Clinic, vRad, Medica and Rology, 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-powered solutions for medical imaging and radiology reporting are provided.
|
|
| domain | founded_year | HQ Location |
Teleradiology reporting services are provided to European hospitals.
|
|
| domain | founded_year | HQ Location |
Provider of an AI-based software solution for radiology image analysis and teleradiology services
|
|
| domain | founded_year | HQ Location |
Teleradiology and communication services are provided for healthcare organizations.
|
|
| domain | founded_year | HQ Location |
AI-based teleradiology platform is provided for radiologists' online consultations.
|
|
| domain | founded_year | HQ Location |
Telemedicine marketplace is operated for B2B and B2C radiology connections.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Usarad
Frequently Asked Questions about USARAD
When was USARAD founded?
USARAD was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is USARAD located?
USARAD is headquartered in Oakland Park, United States. It is registered at Oakland Park, Florida, United States.
Is USARAD a funded company?
USARAD is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1M, raised on Feb 17, 2015.
What does USARAD do?
Teleradiology and onsite radiology solutions are offered by USARAD across all 50 states. Services include night and daytime coverage, subspecialty interpretations, second opinions, and cardiovascular imaging. IT support and business solutions like credentialing and licensing are also provided. The company focuses on delivering personalized radiology reports nationwide, leveraging advanced technology such as FDA-approved AI algorithms to enhance diagnostic capabilities in the healthcare sector.
Who are the top competitors of USARAD?
USARAD's top competitors include vRad, Telemedicine Clinic and 5C Network.
What products or services does USARAD offer?
USARAD offers Radiology-On-Demand, Night Teleradiology Services, Daytime Teleradiology Services, Second Opinion Services, and Cardiovascular Imaging.
Who are USARAD's investors?
USARAD has 4 investors. Key investors include Siemens, Nanox, Excelerate Health Ventures, and Omphalos Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.