Smart Reporting, a technology startup founded by radiologists, has recently secured nearly $25 million in new funding. The company’s managing partner, Dr. Hubert Birner, announced the news on Monday. TVM Capital Life Science led the Series C financing round with contributions from Bayern Kapital and existing investors.
Smart Reporting is focused on automating and streamlining workflows, specifically in the field of imaging. Medical documentation currently takes up approximately 40% of a physician’s day, but Smart Reporting aims to change that. With the new funding, the company plans to enhance product development and establish international partnerships. This will expand its presence in the U.S., Canada, Australia, and New Zealand.
Dr. Birner 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.
Founded in 2014 by Wieland Sommer, MD, a professor of radiology at the University of Munich, Smart Reporting is now led by him as co-CEO. The company currently employs a team of 80 doctors, data scientists, and software engineers. Its software offers voice-controlled documentation with automated workflows and valuable data insights for over 16,000 physicians in 90 countries around the world.