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Neocis, which has developed the Yomi robotic to help in dental implant surgical procedures, has introduced in $20 million in funding. The Miami-based firm plans to make use of the funding for enterprise initiatives together with product growth, gross sales enablement, and scientific training.
“The newest funding is a testomony to our progress as an organization and the way far dental robotics has come for the reason that first Yomi techniques have been put in,” acknowledged Alon Mozes, Neocis’ co-founder and CEO, in a launch.
“This funding positions us for continued success available in the market and can assist us drive significant innovation in implant dentistry,” he mentioned.
Contained in the Yomi surgical robotic
The U.S. Meals and Drug Administration (FDA) has cleared Yomi for robot-assisted dental surgical procedure. The system has a complete of 16 FDA 510(ok) clearances. To this point, greater than 40,000 implants have been positioned with Yomi, and a brand new element implant is positioned each six minutes, in line with Neocis.
The firm defined that Yomi assists clinicians throughout all phases of implant placement utilizing streamlined digital planning and haptic steerage of surgical instrumentation. It may also be used for performing guided bone discount, also referred to as alveoplasty, of the mandible and maxilla, a standard dental process usually carried out following a tooth extraction.
The robotic augments the surgeon’s experience. It isn’t autonomous, and the doctor retains management of instrumentation always. Yomi guides the doctor utilizing bodily suggestions, on-screen alerts, and audio cues, mentioned Neocis.
The system additionally assists within the planning phases of dental implant surgical procedures. The firm affords YomiPlan, a software program suite that may assist scientific groups create exact therapy plans and execute instances effectively.
“Robotics and AI are altering the face of dentistry, enabling improvements that enhance physician effectivity and assist them enhance the standard of life for his or her sufferers,” mentioned Mohamed “Sid” Siddeek, company vp and head of NVentures. “Neocis is remodeling dental implant procedures, demonstrating the advantages of robotics and AI in healthcare.”
Buyers infuse Neocis with funding
This funding spherical’s members included Mirae Asset Capital/Mirae Asset Enterprise Funding, and NVentures, NVIDIA’s enterprise capital unit. It additionally included enterprise capital companies affiliated with the Mirae Asset Monetary Group, which invests in growth-stage healthcare and know-how companies.
“Neocis is bringing wanted innovation to dentistry, and we couldn’t be extra excited to help them in that mission,” mentioned Soojung Kim, funding supervisor at Mirae Asset Capital, in a launch. “We look ahead to working alongside the Neocis staff to assist them excel in a quickly rising market and get Yomi within the arms of extra suppliers.”
“We’re tremendously grateful to have the backing of our latest buyers, together with NVentures and Mirae Asset Monetary Group, in addition to our present companions,” mentioned Mozes.
