Neocis raises $40 million for a dental surgery robot
Robot-assisted dental surgery technology developer Neocis today announced the closing of an oversubscribed $40 million financing round.
Miami-based Neocis makes Yomi, a computerized robotic navigation system. He provides assistance in the preoperative and intraoperative phases of dental implant surgery. Yomi provides software to plan procedures and offers robotic navigation guidance for surgical instruments during procedures. The company developed its system for use in partially edentulous and fully edentulous adult patients eligible for dental implants.
Yomi assists clinicians during all phases of implant placement. Its simplified digital planning and haptic guidance deliver accuracy, efficiency and confidence to clinicians. Its uses often include flapless procedures, a less invasive surgical approach.
An anonymous specialty investor within the dental industry led Neocis’ $40 million funding round. Intuitive Surgical’s independent VC arm, Intuitive Ventures, has joined the cycle. Other existing Neocis partners also joined, bringing the company’s total funding to more than $160 million since its inception in 2009.
“Neocis shares Intuitive Ventures’ commitment to advancing positive patient outcomes in minimally invasive care through innovative technologies and solutions,” said Dr. Oliver Keown, Managing Director at Intuitive Ventures. “We believe that Neocis’ deep commitment to meeting customer and patient needs through an expanding robotics ecosystem and their impressive technology platform that expands access to high quality dental care, makes it a transformative force in this rapidly changing market.”
Neocis said its latest funding is helping it advance its mission to “transform dental surgery through advanced robotics.” He plans to use the funds to accelerate R&D efforts.
The company also intends to bolster its marketing and education initiatives with the funds. Additional uses include expanding its footprint in sales, clinical support and business optimization.
“For a dental robotics company, I couldn’t imagine a better syndicate of investors than this,” said Alon Mozes, co-founder and CEO of Neocis. “This new medium underscores Neocis’ strong position in a growing market and will help us continue our product development and commercial efforts.”