What Smart Reporting does

Smart Reporting, founded in 2014 in Munich, Germany, is a digital health company that develops AI-powered diagnostic reporting software for radiology. The company's core product combines structured, guideline-based reporting built on coded data models and ontologies with disease-specific expert models that automate impression generation and integrate imaging AI findings semantically. Following the October 2025 acquisition of Fluency for Imaging, Smart Reporting now operates as part of Jacobian, a combined diagnostic imaging platform headquartered in Munich and Pittsburgh that pairs the Smart Reporting reporting engine with the Fluency for Imaging speech recognition product. The integrated platform processes more than 80 million exams annually and supports multimodal workflows combining voice dictation, GenAI-generated text, and clinical workflow automation.

The technology stack includes proprietary speech recognition achieving near 100% accuracy for complex radiology dictation, real-time HL7 and FHIR-based integration with RIS, PACS, and EMR systems, and AI-powered features such as automated impression generation claimed to deliver 25% faster reporting. The platform integrates natively with imaging equipment from three major OEM partners — Siemens Healthineers, Canon Medical Systems, and GE HealthCare — enabling embedded distribution alongside direct enterprise sales. Fluency for Imaging has held the #1 Best in KLAS ranking for Speech Recognition: Front-End Imaging for five consecutive years (2022-2026), with an 88.3/100 KLAS score based on direct feedback from healthcare organizations.

The company operates a SaaS subscription model with quote-based enterprise pricing, primarily serving radiology departments, imaging centers, and hospitals globally. It claims the #2 market position in the USA and #1 positions in Europe and ANZ, supported by named enterprise customers including SickKids, University Hospital Tübingen, and Abercrombie Radiology. Smart Reporting was previously a portfolio company of TVM Capital Life Science and received a €15 million loan from the European Investment Bank in April 2023 alongside a $24.5 million growth round in April 2024. The Jacobian rebranding following the January 2026 merger closing represents the transition from a single-product reporting vendor to a combined AI-and-speech platform for diagnostic imaging.

Name

Smart Reporting

Legal name

Smart Reporting GmbH

Website

https://smart-reporting.com

Company type

Private

Founded year

2014

Operating status

Acquired

Headcount range

51–100 employees

Short description

Smart Reporting, now part of Jacobian, is a Munich-based digital health company providing AI-powered structured diagnostic reporting and speech recognition software for radiology, serving enterprise healthcare providers and OEM imaging partners globally.

Ownership category

akta.pro rank

Product category

Radiology Reporting Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Radiology Reporting, Dictation & Structured Reporting (HLACALAF)

akta.pro secondary industries

AI Orchestration & Imaging Analytics Platforms (Model Management/Triage) (HLACALAG), Radiology AI, CAD & Advanced Visualization Software (HLAHABAJ), Medical Imaging AI (HDAAAEAH), Imaging & Diagnostic Interoperability (DICOM exchange, image sharing, VNA connectivity) (HLACABAM)

Keywords

• Radiology reporting software
• Clinical documentation tools
• Speech recognition imaging
• Structured medical reporting
• Healthcare AI workflow

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Software Licensing and Subscriptions: SaaS-based software licensing model providing access to reporting platform, speech recognition, and AI tools through subscription pricing. Enterprise contracts with healthcare systems and imaging centers.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels4 records

Core offering

Smart Reporting provides AI-powered structured radiology reporting software that enables radiologists to produce guideline-based, interoperable diagnostic reports. Following the October 2025 acquisition of Fluency for Imaging (closed January 2026), the combined entity now operates as Jacobian, offering two core solutions: Fluency for Imaging (front-end speech recognition with near 100% accuracy) and Smart Reporting (next-generation structured reporting with embedded GenAI for automated impression generation). The platform integrates with major RIS, PACS and EMR systems via HL7 and FHIR.

Product overview

Smart Reporting, combined with Fluency for Imaging, now operates as Jacobian - a diagnostic imaging company offering a unified platform with two core products: Fluency for Imaging (industry-best speech recognition for front-end radiology reporting) and Smart Reporting (AI-powered structured reporting with embeddable components and next-generation technology). The platform integrates AI, clinical workflow, and speech technology for radiology, processing over 530 million reports annually. The combined entity positions itself as a leader in GenAI-powered innovation in radiology, ranked #2 in the USA and #1 in Europe and ANZ.

Differentiator

Problem solved

Functional benefit

Brands

• Fluency for Imaging: Speech recognition and front-end imaging solution, ranked #1 Best in KLAS Speech Recognition: Front-End Imaging for 2022-2026. Provides trusted reporting solution used by thousands of radiologists worldwide.

Products and services

• Fluency for Imaging Industry-leading front-end speech recognition solution for radiology imaging that allows radiologists to dictate diagnostic reports using voice input with near 100% recognition accuracy. Awarded #1 Best in KLAS for Speech Recognition: Front-End Imaging for five consecutive years (2022-2026) and used by thousands of radiologists worldwide. Now augmented with AI/GenAI innovation within the Jacobian platform.
• Smart Reporting Platform AI-powered structured radiology reporting software providing embeddable components and next-generation reporting technology. Enables structured, interoperable, and guideline-based reporting built on coded data models with disease-specific expert models, automated impression generation enabling 25% faster reporting, semantic integration of imaging AI findings, and HL7/FHIR-based integration with RIS, PACS and EMR systems. Designed for radiologists and radiology departments in hospitals and imaging centers.

Quantifiable outcome

• 25% faster reporting with automated impression generation
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability8 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• SickKidscoreStrategic or Co-development Partner · 10 June 2026Pediatric imaging collaboration expansion. SickKids (The Hospital for Sick Children) is extending its partnership with Jacobian to advance pediatric imaging workflows and diagnostic reporting solutions.
• Siemens HealthineerscoreOEM/ Whitelabel/ Licensing PartnerOEM partnership integrating Jacobian reporting solutions with Siemens imaging software platforms including Syngo Carbon. Enables seamless workflow from imaging to report generation.
• Canon Medical SystemscoreOEM/ Whitelabel/ Licensing PartnerStrategic OEM partnership integrating reporting solutions with Canon medical imaging equipment and PACS systems.
• GE HealthCarecoreOEM/ Whitelabel/ Licensing PartnerOEM partnership for integration of reporting and workflow solutions with GE Healthcare imaging platforms.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Nuance Communications (Microsoft): Nuance's PowerScribe platform is the dominant U.S. radiology speech recognition and reporting suite and the most direct competitor to Fluency for Imaging. Following Microsoft's 2022 acquisition, Nuance benefits from deep Microsoft Cloud for Healthcare integration and is the principal incumbent that Jacobian competes against for hospital reporting contracts.
• 3M M*Modal: M*Modal (now part of 3M Health Information Systems) provides radiology speech recognition and computer-assisted coding with structured reporting overlays. It competes directly with both Smart Reporting's structured reporting product and Fluency for Imaging's speech recognition, particularly in U.S. enterprise health systems.
• Aidoc: Aidoc is a clinical AI company providing radiology AI algorithms and an AI orchestration platform that integrates into PACS and reporting workflows. It overlaps with Jacobian on AI-driven radiology workflow automation and on integrating AI model outputs into the radiologist reporting surface.
• Riverain Technologies: Riverain Technologies develops AI-driven radiology image analysis and workflow tools that integrate into PACS and reporting environments. It is a direct competitor in the AI-enabled radiology reporting and image interpretation workflow category that Jacobian serves.

Broad incumbents

• Sectra: Sectra is a major PACS, RIS, and enterprise imaging vendor with a growing portfolio in radiology workflow and reporting. While not a pure-play reporting competitor, Sectra's bundled imaging IT offering competes against Jacobian for embedded radiology workflow budgets in European and U.S. hospitals.
• DeepHealth (RadNet): DeepHealth, a RadNet subsidiary, provides AI-powered radiology operations and workflow software used across large imaging center networks. It competes against Jacobian on AI-enabled radiology reporting and workflow orchestration, with deep U.S. outpatient imaging reach.

Emerging players

• Viz.ai: Viz.ai provides AI-powered radiology workflow and care coordination, initially focused on stroke imaging and expanding across acute care. It overlaps with Jacobian on AI-augmented radiology reporting workflows and on integrating imaging AI findings into clinical decision-making.
• Sirona Medical: Sirona Medical offers a cloud-native, AI-powered radiology operating system that unifies diagnostic reading, reporting, and workflow. It is an emerging best-of-breed competitor pursuing a similar consolidation play in the radiologist reporting workflow that Jacobian targets.
• Annalise.ai: Annalise.ai builds comprehensive radiology AI models covering multiple imaging modalities, integrated into reporting and PACS workflows. It is an emerging global player with overlapping AI-for-radiology-reporting scope, particularly relevant to Jacobian's disease-specific expert model strategy.
• Blackford Analysis: Blackford Analysis provides an AI platform and marketplace for radiology image analysis algorithms integrated into reporting workflows. It is a comparable emerging platform play focused on AI orchestration and integration into the radiologist reporting surface that Jacobian addresses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/smart_reporting
• Facebookfacebook.com/smartreporting

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds7 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Smart Reporting