Healthcare startup Rad AI has raised a new round of funding from Transformation Capital at a $525 million valuation

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Rad AI recently raised a Series C funding round led by Transformation Capital, Business Insider has learned. The funding values Rad AI at $525 million, two people with knowledge of the raise said. TRAC says the startups it identifies have a one-in-five chance of becoming unicorns.Rad AI cofounder Dr. Jeff Chang bills himself as the youngest US radiologist in history. He began medical school at NYU at age 16 and spent 10 years working in emergency-room radiology. His cofounder and Rad AIs CEO, Doktor Gurson, is a serial tech entrepreneur Rad AI is his fifth company, according to his LinkedIn.The company says its now working with nearly half of all US health systems and 9 of the 10 largest radiology practices in the country.

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