Overjet, a leading provider of dental artificial intelligence (AI) solutions, has secured a monumental $53.2m Series C funding round, to see the company’s valuation soar to $550m.
This investment, led by March Capital, with participation from General Catalyst, Insight Partners, and other notable investors, signifies the largest-ever funding round in AI for the dental industry, and sees Overjet’s total raised capital stand at approximately $133m.
Overjet specialises in leveraging advanced artificial intelligence (AI) technology to revolutionise dental care and streamline insurance-related processes. Through its innovative platform, the firm empowers dental professionals to make precise clinical decisions, enhance patient communication, and reduce administrative overhead.
The company’s AI solutions play a crucial role in facilitating claims processing, ensuring accurate diagnosis documentation, and optimising treatment planning.
The latest funding round will enable Overjet to further its mission of making dentistry more patient-centric by expanding its AI capabilities and enhancing its platform’s reach.
With a focus on accelerating product development and scaling operations, Overjet aims to solidify its position as a leader in dental AI technology.
Wardah Inam, Overjet’s CEO, stated, “I founded Overjet to elevate the standard of care in dentistry and enhance patient outcomes through AI. Overjet’s platform empowers dental organisations by enabling precise clinical decisions, enhancing patient communication, and reducing administrative overhead. This funding will help us further accelerate our mission to improve patient outcomes — by making dental AI ubiquitous.”
The company’s AI solutions have garnered accolades from industry experts and have been featured in prestigious publications such as Forbes AI 50 and Fast Company’s World’s Most Innovative Companies.
Commenting on the transformative potential of Overjet’s AI technology, Mark Sivers, DMD, Chief Clinical Officer at Aligned Dental Partners, remarked, “Overjet’s AI is already a game-changer from a clinical perspective. What really excites me is Overjet’s ability to create a common language between providers and payers, so our business can move much faster. We’ve seen our average reimbursement period drop dramatically, and that’s just the beginning of what AI can do.”
Solomon Hailu, Partner at March Capital, added, “At March Capital, we believe that AI has the potential to revolutionise patient care and Overjet is leading the way with its innovative solutions, starting in dental. Automating workflows for both payers and providers to improve the efficiency and quality of dental care at the forefront of the industry, Overjet has experienced explosive growth since its inception and has become the market leader in the dental AI category. We are proud to support its mission to create a new, AI-enabled standard of care for the industry and help catalyse its continued expansion.”
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