Update October 2025: Smart Reporting has since been renamed Jacobian.
The digital health startup Smart Reporting, whose software Smart Radiology A cloud-based software-as-a-service (SaaS) that uses artificial intelligence to structure and standardize medical findings, has received four million euros in funding.
The new equity will primarily be used to expand staff, expand business areas, and expand into the USA/Silicon Valley under the leadership of Dr. Julian Wichmann. Smart Reporting will focus even more on artificial intelligence in the future and further develop the self-learning algorithms of its Smart Radiology software.
Series B financing planned for 2019
The intelligent software is designed to automate repetitive tasks in everyday clinical practice, relieving the burden on physicians. The startup currently has several collaborations with leading university hospitals in Germany to develop automated image analysis and reporting.
“With this financing bridge, we have an excellent starting position for the further development of the company and our upcoming Series B financing round in the USA in spring 2019,”
said Managing Director Dr. Johannes Huber.
More than 5,000 users in over 75 countries
The Smart Radiology software is currently used in routine clinical practice by more than 5,000 registered users in over 75 countries. Much of the medical content is increasingly available in other languages, such as Chinese and Russian, in addition to German and English.
"The feedback from international users, both in hospitals and in private practice, is very motivating for us. With the further development of Smart Radiology in the coming year, we want to make everyday diagnostics even more efficient for our users,"
says CEO and founder Prof. Dr. Wieland Sommer.
Leading family offices participated in the financing round, led by Rolf Dienst of Wessel Management, who recently made headlines for Spotify's IPO, among other things. The startup had already raised over two million euros in growth capital in a Series A financing round in 2018.
