Smart Reporting secures €23M in financing

Munich-based AI software company Smart Reporting has announced it has finalized a funding deal worth €23 million.

The company flagship product is "SmartReports," a large language model that offers fully voice-controlled and data-driven documentation for creating structured reports in radiology and pathology.

TVM Capital Life Science and Bayern Kapital were lead investors in the latest financing round. The capital raised will primarily be used to expand product development and international partnerships to strengthen the company's presence in the U.S., Canada, Australia, and New Zealand, Smart Reporting said.

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