Sumit Rai is the founder, CEO, and Chairman of Cancer Check Labs, where he has been instrumental in the development of its groundbreaking circulating tumor cell (CTC) capture technology since 2010. This innovation has opened new possibilities in cancer diagnostics and treatment, positioning Cancer Check Labs as a leader in oncology breakthroughs. Motivated by the loss of his younger sister to cancer, Mr. Rai has been dedicated to curing the disease, serving as the President of Cure Sonia, a nonprofit he founded in 2012. Cure Sonia funds cancer research at top institutions like Stanford, MD Anderson, and USC provides financial support to underserved cancer patients, and promotes bone marrow donor registration, having registered over 10,000 donors through more than 300 drives in 60 cities. Additionally, Mr. Rai is the President and founder of Save a Firefighter, a nonprofit that offers free cancer screenings to firefighters, a group that faces a cancer risk three times higher than the general population due to job-related hazards. His dedication to cancer-related causes earned him a nomination to the National Board of the Leukemia & Lymphoma Society (LLS) in 2022. Mr. Rai previously founded Mobclix, a leading real-time bidding mobile advertising exchange that saw rapid growth to 15 billion monthly mobile ad impressions and $50 million in annual revenue, ultimately being acquired by Velti and Telefonica. With over 20 years of venture capital, private equity, and hedge fund experience, he has led acquisitions and investments in numerous companies across sectors, including LSTAT, a trauma support system acquired from Northrop Grumman, and Magma Design Automation, later acquired by Synopsys. Mr. Rai’s extensive experience as an angel investor includes board positions at startups like Fastbite, acquired by Square; Muzik, a smart wearable technology company; Braidio, an enterprise software platform; and OpenSense, a software firm enhancing branded email communications. He is a frequent mentor, judge, and lecturer for business competitions at Stanford and UC Berkeley. He has spoken at industry events hosted by Ernst & Young, Asian Venture Capital Journal, and TIE. Mr. Rai earned a Bachelor of Science and Engineering in Electrical Engineering and Computer Science from UC Berkeley, where he graduated as a Regent Scholar. Hosted on Acast. See acast.com/privacy for more information.
