10 October] 1865 in Kirikuküla, Viru-Jaagupi Parish – 22 November 1930 in Tallinn) was an Estonian painter.

The twin brother of painter Kristjan Raud, he studied at the Kunstakademie Düsseldorf beginning in 1886, becoming influenced by the work of Eduard von Gebhardt.

After his return to Estonia, he painted mainly portrait commissions for some time, before traveling with his brother and Amandus Adamson to the islands of Muhu and Pakri in 1896.

Later in his career, most especially during and after World War I, he began to teach, from 1915 working as a drawing instructor at the Tallinn Institute of Commerce and from 1923 at the State School of Industrial Art in Tallinn.

Paul Raud is represented with works in the Art Museum of Estonia, Tallinn.