AI-enabled dental care startup VideaHealth scooped up $20 million in a Sequence A funding spherical led by Spark Capital.
The spherical included participation from current traders Zetta Enterprise Companions and Pillar VC, bringing the corporate’s complete increase to $26.4 million.
WHAT IT DOES
VideaHealth provides AI-backed instruments to dental care suppliers and insurers, together with apply administration, claims evaluation and diagnostics instruments.
Its Videa Detect software program, which goals to search out and talk dental illnesses to suppliers primarily based on X-rays, hasn’t been cleared by the FDA but, however the startup stated it expects the inexperienced mild within the coming months.
“We’re on the cusp of revolutionizing the dental trade, which is evidenced by the caliber of funding companions like Spark Capital and our trade partnerships with the world’s greatest dental suppliers and distributors,” VideaHealth CEO and founder Florian Hillen stated in an announcement.
“Our know-how is the pathway to a much-needed system of standardized care. Our complete mission is to assist as many dental practices as potential leverage the facility of AI to raised serve their communities and provides sufferers entry to extra reasonably priced and applicable dental therapies.”
MARKET SNAPSHOT
One other firm touting AI-powered dental care and apply administration is Overjet, which introduced a $42.5 million Sequence B funding spherical in December months after it had scored $27 million in Sequence A funding.
A significant participant within the digital dental well being area, quip makes connected-care merchandise like toothbrushes, floss, toothpaste and gum. The corporate scooped up a whopping $100 million in Sequence B funding final 12 months.
Utilizing AI for imaging can be rising for different areas in healthcare. Yesterday, AI-powered radiology firm Aidoc introduced it had scored FDA 510(ok) clearance for its software for flagging and triaging circumstances of pneumothorax, or a collapsed lung, on X-rays.
Qure.ai, one other startup within the area, acquired the regulatory inexperienced mild earlier this 12 months for an algorithm that may analyze the place of respiratory tubes utilizing chest X-rays.
