About vRad
vRad is a company based in Eden Prairie (United States) founded in 2001 was acquired by MEDNAX in May 2015.. vRad has raised $25 million across 2 funding rounds from investors including NewStar Financial, Summit Partners and MEDNAX. vRad offers products and services including Teleradiology Services, Breast Imaging, Stroke Imaging, and Trauma Imaging. vRad operates in a competitive market with competitors including Qure.ai, Subtle Medical, Perspectum, Zebra Medical Vision and Invicro, among others.
- Headquarter Eden Prairie, United States
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 2 rounds
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Latest Funding Round
$45 M (USD), Debt – Conventional
Jun 01, 2010
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Investors
NewStar Financial
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of vRad
vRad offers a comprehensive portfolio of products and services, including Teleradiology Services, Breast Imaging, Stroke Imaging, and Trauma 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.
Provides remote imaging interpretation for faster diagnostics.
Delivers subspecialist care for breast screenings and diagnostics.
Prioritizes rapid reading of stroke cases for timely treatment.
Ensures fast turnaround for trauma studies during high volumes.
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Funding Insights of vRad
vRad has successfully raised a total of $25M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $45 million completed in June 2010. 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 Debt – Conventional — $45.0M
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First Round
First Round
(07 Apr 2004)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2010 | Amount | Debt – Conventional - vRad | Valuation |
investors |
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| Apr, 2004 | Amount | Series B - vRad | 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 vRad
vRad has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include NewStar Financial, Summit Partners and MEDNAX. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Private equity investments in media, communications, education, and technology sectors.
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Founded Year | Domain | Location | |
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Financial services are provided by NewStar Financial in Boston.
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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 vRad
| 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 |
Financial Statements - vRad
| 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 |
Vrad Comparisons
Competitors of vRad
vRad 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 Qure.ai, Subtle Medical, Perspectum, Zebra Medical Vision and Invicro, 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 diagnostics
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| domain | founded_year | HQ Location |
AI-driven solutions for medical diagnostic imaging are developed.
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| domain | founded_year | HQ Location |
Precision medicine software for liver disease diagnosis is offered.
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| domain | founded_year | HQ Location |
Provider of AI and SaaS-based medical image based decision support tools
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| domain | founded_year | HQ Location |
Provide contract research imaging services and software
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| domain | founded_year | HQ Location |
SaaS analytics platform for Medical Image Analysis
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Vrad
Frequently Asked Questions about vRad
When was vRad founded?
vRad was founded in 2001 and raised its 1st funding round 3 years after it was founded.
Where is vRad located?
vRad is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Is vRad a funded company?
vRad is a funded company, having raised a total of $25M across 2 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Apr 07, 2004.
What does vRad do?
Founded in 2001 and headquartered in Eden Prairie, United States, operations in the radiology sector are conducted through AI-driven software for image analysis and teleradiology. Patented deep-learning algorithms enable patient imaging and data to be shared with specialists. Over 350 physicians are utilized on the platform to interpret scans for hospitals. Services encompass breast imaging, stroke assessment, trauma evaluation, and radiology informatics via peer benchmarking metrics.
Who are the top competitors of vRad?
vRad's top competitors include Perspectum, Qure.ai and Subtle Medical.
What products or services does vRad offer?
vRad offers Teleradiology Services, Breast Imaging, Stroke Imaging, and Trauma Imaging.
Who are vRad's investors?
vRad has 4 investors. Key investors include NewStar Financial, Summit Partners, MEDNAX, and Providence Equity.
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