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Venture Capital
up2398.com

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Investments

12

Portfolio Exits

2

About UP2398

UP2398 invests in seed-stage startups.

UP2398 Headquarter Location

United States

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Latest UP2398 News

Rad AI Raises $4M In Seed Funding

Nov 25, 2019

Rad AI , a Berkeley, Calif.-based radiology startup, raised $4m in seed funding. The round was led by Gradient Ventures, Google’s AI-focused venture fund, with participation from UP2398, Precursor Ventures, GMO Venture Partners, Array Ventures, Hike Ventures, Fifty Years VC and various angels. The company intends to use the funds to build out its engineering team and expand the rollout of its first product to more radiology groups and customers. Founded in 2018 by Doktor Gurson and Dr. Jeff Chang, Rad AI uses machine learning to automate repetitive tasks for radiologists. The company’s first product automatically generates the impression section of radiology reports, customized specifically to the preferred language of each radiologist. Rad AI’s current partners include Greensboro Radiology, Medford Radiology, Einstein Healthcare Network, and Bay Imaging Consultants, one of largest private radiology groups in the United States, as well as other radiology groups that have yet to be announced. FinSMEs 25/11/2019

UP2398 Investments

12 Investments

UP2398 has made 12 investments. Their latest investment was in Convex as part of their Series B on October 10, 2021.

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UP2398 Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/12/2021

Series B

Convex

$39M

No

3

1/1/2020

Series A

Convex

$17M

Yes

1984 Ventures, Emergence Capital Partners, Undisclosed Angel Investors, and Y Combinator

1

11/25/2019

Seed VC

Rad AI

$4M

Yes

14

9/18/2019

Series A

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$99M

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10

12/10/2018

Seed VC

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$99M

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10

Date

10/12/2021

1/1/2020

11/25/2019

9/18/2019

12/10/2018

Round

Series B

Series A

Seed VC

Series A

Seed VC

Company

Convex

Convex

Rad AI

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Amount

$39M

$17M

$4M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

1984 Ventures, Emergence Capital Partners, Undisclosed Angel Investors, and Y Combinator

Sources

3

1

14

10

10

UP2398 Portfolio Exits

2 Portfolio Exits

UP2398 has 2 portfolio exits. Their latest portfolio exit was INDUS.AI on May 06, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/6/2021

Acquired

4

00/00/0000

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10

Date

5/6/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

4

10

UP2398 Team

3 Team Members

UP2398 has 3 team members, including current General Partner, Alex Poon.

Name

Work History

Title

Status

Randy Ching

Founder

Current

Alex Poon

General Partner

Current

Danny Wen

Investment Partner

Former

Name

Randy Ching

Alex Poon

Danny Wen

Work History

Title

Founder

General Partner

Investment Partner

Status

Current

Current

Former

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