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 improvement, gross sales enablement, and scientific schooling. 

“The newest funding is a testomony to our development as an organization and the way far dental robotics has come because the first Yomi programs had been put in,” acknowledged Alon Mozes, Neocis’ co-founder and CEO, in a launch.

 “This funding positions us for continued success out there 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 accordance 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 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, stated Neocis.

The system additionally assists within the planning phases of dental implant surgical procedures. The firm presents YomiPlan, a software program suite that may assist scientific groups create exact therapy 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 remodeling 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 corporations 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 help them in that mission,” stated Soojung Kim, funding supervisor at Mirae Asset Capital, in a launch. “We sit up for working alongside the Neocis staff to assist them excel in a quickly rising market and get Yomi within the fingers 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,” stated Mozes.

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