Radium

What Radium does

Radium operates a cloud-native medical imaging platform under the brand 'medspace,' headquartered in Tbilisi, Georgia and founded in 2023. The company's core product replaces traditional on-premise PACS (Picture Archiving and Communication System) infrastructure with a browser-based cloud platform that handles medical image storage, retrieval, and viewing (DICOM), eliminates dedicated servers, and provides automatic backups, role-based access, audit trails, and remote access for radiologists. The architecture supports browser-based deployment and connects new hospital or clinic locations in minutes, with claimed cost savings of 70-85% relative to traditional PACS systems.

The product portfolio spans three user tiers: a hospital enterprise tier with quote-based subscription for cloud imaging infrastructure; a doctor/radiologist tier with an AI Scribe add-on for natural-language dictation of radiology reports (claimed to reduce report time from 15 to 3 minutes) and mobile DICOM viewing; and a freemium patient tier offering free imaging storage with QR-code and link-based sharing to physicians. Distribution is hybrid: enterprise field sales targeting hospitals via a Book Demo funnel (Cal.com), inside sales targeting doctors via Join Now CTAs, and self-serve product-led growth for individual doctors and patients on the medspace platform.

As of the source cutoff, Radium/medspace had onboarded at least 14 Georgian healthcare institutions — including Tbilisi State Medical University, Aversi Clinic, Tbilisi Heart Center, Khechinashvili University Hospital, Med Diagnostics, and the Veterans Hospital — with all disclosed customers located in Georgia, indicating a regionally concentrated go-to-market at an early stage. The company is privately held with 1-10 employees and no disclosed funding rounds, revenue, or third-party validation of its productivity claims.

Name

Radium

Legal name

medspace

Website

https://radium.ge

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Radium, operating as medspace, is a Tbilisi, Georgia-based health tech company (founded 2023) that provides a cloud-native PACS platform replacing on-premise medical imaging infrastructure for Georgian hospitals, radiologists, and patients, with an AI Scribe add-on for radiology reporting.

Ownership category

akta.pro rank

Product category

Medical Imaging Software

NAICS

Software Publishers (513210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Picture Archiving & Communication Systems (PACS) (HLACALAA)

akta.pro secondary industries

Radiology Reporting, Dictation & Structured Reporting (HLACALAF), Teleradiology Platforms & Reading Workflow (HLACALAK), Universal Viewers & Enterprise Imaging Access (Zero-footprint/Diagnostic) (HLACALAD)

Keywords

• Cloud medical imaging
• Cloud PACS platform
• AI radiology scribe
• DICOM image viewer
• Patient imaging storage

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Cloud PACS Subscription: Monthly subscription pricing for hospitals and healthcare institutions accessing cloud-based medical imaging infrastructure. No capital expenses on hardware. Pricing scales with usage and institution size.
2. AI Scribe (Professional): AI-powered dictation and report generation tools for radiologists and doctors, likely bundled with or separate from core platform subscription.
3. Patient Free Storage: Free storage tier for patients to store medical imaging studies, providing platform access and driving network effects. Potential conversion to paid features or serves as lead generation for institutional customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Radium operates medspace, a cloud-native Picture Archiving and Communication System (PACS) that replaces on-premise medical imaging servers with a browser-accessible cloud platform. The company offers AI Scribe, a dictation tool trained on radiological terminology that reduces report writing time, and provides free secure storage for patients to access and share medical imaging studies via QR code or link.

Product overview

medspace is a cloud-native medical imaging platform providing a unified PACS solution. The platform serves three segments: Hospitals (cloud imaging infrastructure with 70-85% cost savings), Doctors (AI-powered reporting with AI Scribe for dictation and mobile DICOM viewing), and Patients (free storage for medical images with instant sharing via QR code). The core platform is medspace Cloud PACS, with AI Scribe as the key add-on AI module for radiological report generation.

Differentiator

Problem solved

Functional benefit

Brands

• AI Scribe: AI-powered dictation tool for radiologists that understands radiological terminology and automates report writing, reportedly reducing report time from 15 minutes to 3 minutes.

Quantifiable outcome

• 70-85% cost savings on imaging infrastructure compared to traditional PACS systems
• +3 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Ambra Health: Ambra Health provides cloud-based medical imaging management, image exchange, and a PACS-like platform for hospitals, directly overlapping with medspace's cloud-PACS and image-sharing positioning.
• Intelerad Medical Systems: Intelerad offers cloud-hosted PACS and teleradiology workflow tools to hospitals and radiology groups, competing head-on with medspace in browser-based remote reading.
• RamSoft: RamSoft offers cloud-native PACS and RIS (Omega AI PACS) targeted at imaging centers and hospitals, sharing medspace's core value proposition of eliminating on-premise infrastructure and enabling remote radiology reading.
• Nucleus Health (Offsite Image Review): Nucleus Health provides a cloud-native teleradiology PACS and image exchange platform, closely comparable to medspace's teleradiology and remote DICOM viewing capabilities.

Broad incumbents

• Carestream Health: Carestream is an established global PACS/RIS vendor (Vue PACS) with deep hospital footprints; a broad incumbent medspace must displace to win enterprise deals outside Georgia.
• GE Healthcare (Edison / PACS): GE Healthcare provides Centricity PACS and Edison imaging AI/cloud capabilities — a broad incumbent whose relationships with hospital procurement pose a barrier to medspace's expansion.
• Philips (IntelliSpace PACS): Philips IntelliSpace PACS is a leading enterprise imaging platform from a global incumbent; competing against Philips' install base and modality integration is a key headwind for medspace.
• Siemens Healthineers (teamplay): Siemens Healthineers offers enterprise PACS and teamplay cloud imaging portfolio to hospitals globally, representing the largest pool of installed-base competition medspace faces abroad.

Emerging players

• Aidoc: Aidoc is an AI radiology workflow company selling triage and detection algorithms integrated into PACS — comparable to medspace's AI Scribe in applying AI to radiologist productivity and reporting.
• Viz.ai: Viz.ai delivers AI-driven radiology workflow and care coordination on cloud infrastructure — an emerging cloud-native radiology AI player with adjacent enterprise motion to medspace.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Customer concentration

• Facebookfacebook.com/radium.ge
• LinkedInlinkedin.com/company/radiumge

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radium