Smart Reporting, a technology startup founded by radiologists, has secured nearly $25 million in new funding, according to company leaders who made the announcement on Monday. With the new funding, the company plans to enhance product development and establish international partnerships, expanding its presence in the U.S., Canada, Australia, and New Zealand.
Dr. Hubert Birner, managing partner at TVM Capital Life Science, highlighted the importance of new technologies such as AI and machine learning in driving innovation in healthcare. He expressed confidence in Smart Reporting as a future international market leader in radiology and pathology, praising the company’s groundbreaking technology already utilized by thousands of doctors worldwide.
Medical documentation currently takes up approximately 40% of a physician’s day, but Smart Reporting aims to change that by automating and streamlining workflows, specifically focusing on imaging. The company’s software offers voice-controlled documentation with automated workflows and valuable data insights. The current team of 80 doctors, data scientists, and software engineers is led by co-CEO Wieland Sommer, MD, a professor of radiology at the University of Munich.
