Fundraising Fox

InstantRad

2 known investors

InstantRad is an African teleradiology platform providing cloud RIS, PACS and a diagnostic viewer to hospitals and radiologists.

Also known as InstantRad Inc

Founders & leadership

SQ
Seth QuansahinFounder

Investors · 2

Company profile

researched Aug 2026

InstantRad operates an enterprise teleradiology and medical imaging platform aimed at hospitals, diagnostic centres and radiologists in Africa, with a stated presence in Nigeria, Ghana and Cameroon. The product set combines a radiology information system (RIS), a cloud or on-premise PACS, a DICOM server and archive, an image exchange, an HL7 integrator and a web-based diagnostic viewer, described by the company as FDA cleared for diagnostic use and CE Class IIb certified for primary diagnosis. The viewer supports MPR/MIP/3D reconstruction and a range of DICOM transfer syntaxes including Implicit and Explicit Little Endian, JPEG, JPEG-LS, JPEG 2000, RLE, MPEG-2 and MPEG-4, and runs across desktop, tablet and smartphone browsers.

The platform connects to CT, X-ray, MRI, mammography and other modalities, and adds single sign-on with role-based access for physicians, radiographers, patients and IT staff; billing and invoicing based on CPT codes or body parts; and 24/7 training and technical support via tickets, chat, call, email and WhatsApp. Integration options include HL7, FHIR, API and DICOMweb connections to EMR and telemedicine systems, plus white-labelling on a customer's own domain. Workflow features described by investor Microtraction include priority flags on studies, granular audit history of who uploaded, viewed or retrieved a study, and a second-opinion option that routes cases to specific radiologists locally or abroad. Radiologists can also use the system to build their own part-time or teleradiology consulting practice across multiple hospitals.

The company positions the software as an alternative to Western-designed systems whose setup and storage costs are prohibitive in West African markets; Microtraction cites US figures of up to $15,000 setup per centre and $5,000-$9,000 monthly storage as the comparison point.

Founding story

Co-founder and CEO Seth Quansah previously served as Ghana Director for RAD-AID International, an NGO focused on radiology, and earlier founded Alchemy Alternative Energy, which converted plastic waste into fuel. Co-founder Ernest Appiah brings more than ten years as a senior software engineer building health, restaurant, farming and fintech products, including work with Farmlogs in the US and Sidra Medicine in Qatar. The founders targeted the shortage of radiology capacity in West Africa, where Microtraction cites a radiologist-to-population ratio of roughly 1:500,000 in Ghana and report turnaround times of 3 to 30 days.

Business model

InstantRad sells a Teleradiology-Platform-as-a-Service (TPaaS) to hospitals, diagnostic centres and radiologists, either cloud-hosted or deployed in-house. Customers can also run their own teleradiology business on the platform: they onboard their own hospitals and diagnostic centres, set their own charges, and pay InstantRad transmission and storage fees rather than software or hardware installation costs. White-labelling on the customer's own brand and domain is offered, and the platform includes billing and invoicing tooling for customers to collect payments.

Fees charged to platform customers for data transmission and storage, in place of upfront software and hardware installation costs, alongside platform-as-a-service provision of RIS/PACS/viewer capabilities.

Traction

The company reports its platform being used by 300 hospitals and diagnostic centres, over 500,000 patients processed, 1,300 medical professionals and 600,000 diagnostic reports generated, alongside 180 million DICOM files received and 90 TB of medical images stored. Other site figures cite 570+ radiologists, 540+ radiographers, 30+ cities and 12+ countries. The Org lists an 11-50 employee band with 11 tracked positions and offices in Accra and Lagos.

Latest developments

Microtraction announced an investment in InstantRad in June 2023, describing the company's TPaaS offering and marketplace for healthcare centres.

Full profile — market position, technology, go-to-market, geography, risks & controversies

Market position

Positioned as a teleradiology platform built for African healthcare workflows, contrasting itself with competing imaging software developed around Western healthcare models and with more limited feature and customization sets. Microtraction notes that high-profile hospitals approached the company to deploy its software without marketing spend, and frames the addressable opportunity against a global diagnostic imaging market projected to grow from $26.6B in 2021 to $35B by 2026 at a 5.7% CAGR.

Customization and workflow design oriented to African hospital realities, low-cost deployment with no software or hardware installation charges, white-labelling for partners running their own teleradiology businesses, a second-opinion routing feature to local and overseas radiologists, granular audit trails supporting quality control and staff accountability, and a regulatory-cleared web viewer supporting advanced reconstruction.

Technology

Cloud and on-premise radiology stack comprising DICOM server, PACS server, DICOM archive, image exchange, HL7 integrator, RIS and web server, hosted on HIPAA-compliant Amazon cloud infrastructure. The web-based diagnostic viewer supports MPR/MIP/3D reconstruction, 3D/4D visualisation and multiple DICOM transfer syntaxes, and is stated to be FDA cleared for diagnostic use and CE Class IIb certified. Interfaces are exposed through HL7, FHIR, DICOMweb and APIs, with modality connectivity for CT, X-ray, MRI and mammography.

Go-to-market

Self-service onboarding via the company website with a stated setup time of 15 minutes or less for a hospital or healthcare facility, supported by a 15-minute demo booking flow. Inbound demand has come from hospitals approaching the company directly, and partners and radiologists can resell or white-label the platform to build their own teleradiology practices.

Hospitals, diagnostic and imaging centres, referring physicians, radiographers and radiologists in Africa, particularly Nigeria, Ghana and Cameroon; also health technology companies integrating radiology workflow into EMR or telemedicine products.

Geography

Focused on Africa with the website naming Nigeria, Ghana and Cameroon, and citing 30+ cities and 12+ countries. The Org lists offices in Accra, Ghana (5 people) and Lagos, Nigeria (1 person).

Risks & controversies

Operating metrics, regulatory clearance claims and platform statistics are self-reported by the company on its own website. Funding details are limited: a listed 2021 round record involving LoftyInc Capital Management carries no disclosed amount, and the 2023 Microtraction investment was announced without a stated amount.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cities coveredJan 202630+
Countries coveredJan 202612+
Diagnostic reports generatedJan 2026600,000 reports
DICOM files receivedJan 2026180,000,000 files
Employees (range)Jan 202611-50
Hospitals and diagnostic centres on platformJan 2026300 organizations
Medical image data storedJan 202690 TB
Medical professionals on platformJan 20261,300 people
Patients processedJan 2026500,000 patients
Radiographers on platformJan 2026540+
Radiologists on platformJan 2026570+

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 1

launches, deals, and filings
Jun 2023
Microtraction announces investment in InstantRad

Early-stage investor Microtraction published an announcement of its investment in InstantRad, which offers an on-demand Teleradiology-Platform-as-a-Service and marketplace for healthcare centres. No amount was disclosed.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does InstantRad do?
InstantRad is an African teleradiology platform providing cloud RIS, PACS and a diagnostic viewer to hospitals and radiologists.
Who founded InstantRad?
InstantRad was founded by Seth Quansah.
Who are InstantRad's investors?
InstantRad's investors include LoftyInc Capital, Microtraction.