Update October 2025: Smart Reporting has since been renamed Jacobian.
Digital health startup Smart Reporting has completed its Series B financing round led by Yabeo. The early-stage financier is the lead investor in the €15 million capital increase.
In medicine, documentation is still often done by hand or with recorded notes. The Munich-based startup Smart Reporting is committed to digitizing these processes: With its Software solutions for medical documentation With this information and clinical guidance in diagnostics, hospitals and radiology departments can optimize their communication. Furthermore, the collected diagnostic data becomes accessible for analytics. Smart Reporting has been implementing the technology since 2017; according to the company, more than 10,000 radiologists worldwide are now using it.
In addition, Smart Reporting has been offering a reporting solution for diagnostic pathology since 2019. The startup has also implemented initial use cases for fully integrated, artificial intelligence-enhanced image analysis and reporting in diagnostic medicine. Furthermore, the startup was named "Best New Radiology Vendor 2020" by industry service Auntminnie Europe. In the wake of the coronavirus crisis, Smart Reporting is making its solution available to radiologists free of charge and has developed a software template that essentially serves as a decision tree to guide radiologists in assessing cases of suspected COVID-19 infection.
Wieland Sommer, founder and managing director of Smart Reporting, explains:
"There has been a discussion about big data in medicine for ten years, but medical documentation is often still done with pen and paper. The coronavirus pandemic is an important example that shows how long it takes to obtain reliable data about a new disease and how difficult it still is to compare data between hospitals, regions, or countries. There is a tremendous need for better data in medicine, which must be standardized as early as the physician's documentation of findings in their clinical workflow. This makes physicians more efficient, ensures comparability between institutions, and enables real-time analysis. I am convinced that the medicine and healthcare of the future will be based on data science. Our ability to obtain reliable data from each patient at scale will be the foundation for better and more personalized patient care."
Further development of Smart Reporting technology
With the now completed Series B financing round, Smart Reporting has raised €15 million. The lead investor is the early-stage financier YabeoOther investors include entrepreneurs Ann-Kristin Achleitner, Wolfgang Reitzle, and Rolf Dienst. The current investment round, supported by Wessel Management, will be used to further develop the technology and scale it into various medical disciplines, including surgery, oncology, and cardiology.
"With Smart Reporting, the leading software solution in radiology has been on the market for several years and is poised to become the industry standard for structured reporting in terms of speed, quality, and productivity. We are delighted to accompany one of Germany's leading digital health startups on its growth path,"
says Matthias Sohler, founder and CEO of Yabeo.
