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Sunday, January 14, 2024

Neocis brings in $20M for robotic dental surgical procedures

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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 schooling. 

“The newest funding is a testomony to our progress as an organization and the way far dental robotics has come because the first Yomi methods have been put in,” said 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 stated.

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(okay) 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 keeping with Neocis. 

The firm defined that Yomi assists clinicians throughout all phases of implant placement utilizing streamlined digital planning and haptic steering of surgical instrumentation. It will also be used for performing guided bone discount, also called alveoplasty, of the mandible and maxilla, a typical dental process sometimes 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, stated Neocis.

The system additionally assists within the planning phases of dental implant surgical procedures. The firm gives YomiPlan, a software program suite that may assist scientific groups create exact remedy plans and execute circumstances effectively. 

“Robotics and AI are altering the face of dentistry, enabling improvements that improve physician effectivity and assist them enhance the standard of life for his or her sufferers,” stated Mohamed “Sid” Siddeek, company vice chairman and head of NVentures. “Neocis is reworking dental implant procedures, demonstrating the advantages of robotics and AI in healthcare.”

Buyers infuse Neocis with funding

This funding spherical’s contributors 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 expertise companies. 

“Neocis is bringing wanted innovation to dentistry, and we couldn’t be extra excited to assist them in that mission,” stated Soojung Kim, funding supervisor at Mirae Asset Capital, in a launch. “We look ahead to working alongside the Neocis group to assist them excel in a quickly rising market and get Yomi within the palms of extra suppliers.”

“We’re tremendously grateful to have the backing of our latest traders, together with NVentures and Mirae Asset Monetary Group, in addition to our current companions,” stated Mozes.

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