SPI Medical Imaging: Back-to-Back Financing Rounds Confirm the Structured Reporting Trend

Publication Date: 21/05/2024

In late April, Smart Reporting announced that it had successfully completed a financing round of €23 million, stating that the capital raised will primarily be used to expand product development and international partnerships to strengthen the company’s presence in the US, Canadian, Australian and New Zealand markets. This was closely followed by Rad AI’s announcement of a $50 million Series B financing in May.

These financing rounds demonstrate that the growing focus on structured reporting in the medical imaging industry, and the opportunity of generative AI within it, is more than just a passing fad, and investors expect it to be a lucrative development.