Fenwick Represents Rad AI in $50M Series B Financing

Fenwick represented Rad AI, generative AI for healthcare, in its $50 million Series B financing. The round was led by Khosla Ventures, with participation from WiL (World Innovation Lab) and existing investors ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google's AI-focused fund), among others, bringing total capital raised to over $80 million.

Rad AI will use the funds to accelerate the development and worldwide deployment of the company's products as they expand its team. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partners Cindy Hess and Lara Foster and included associates Jared Leung and Lindsey Macalalad.