Neocis – a global leader in robot-assisted dental implant surgery – recently announced that the company has raised $20 million in additional funding. This latest funding round included Mirae Asset Capital/Mirae Asset Venture Investment, venture capital firms affiliated with the Mirae Asset Financial Group that invest in growth-stage healthcare and technology businesses, and NVentures, NVIDIA’s venture capital arm.
Based in Miami, Neocis manufactures and markets Yomi -dentistry’s first and only robotic surgical system cleared by the U.S. Food and Drug Administration (FDA). And the Yomi platform, which has received a total of 16 FDA 510(k) clearances, assists clinicians during all phases of implant placement via streamlined digital planning and haptic guidance of surgical instrumentation, so users can deliver precise and efficient treatment. So far, over 40,000 implants have been placed with robotic assistance. A dental implant is placed with Yomi approximately every six minutes, according to current data from Neocis.
Neocis will use these additional funds to bolster a wide range of business initiatives from product development and sales enablement to clinical education. And to keep pace with the company’s steady growth, Neocis moved into a larger space last summer. The new headquarters, which houses a state-of-the-art manufacturing facility, is located in Miami’s bustling Wynwood neighborhood.
KEY QUOTES:
“The latest investment is a testament to our growth as a company and how far dental robotics has come since the first Yomi systems were installed. We’re tremendously grateful to have the backing of our newest investors, including NVentures and Mirae Asset Financial Group, as well as our existing partners. This funding positions us for continued success in the market and will help us drive meaningful innovation in implant dentistry.”
— Alon Mozes, Neocis’ co-founder and CEO
“Neocis is bringing needed innovation to dentistry, and we couldn’t be more excited to support them in that mission. We look forward to working alongside the Neocis team to help them excel in a rapidly growing market and get Yomi in the hands of more providers.”
— Mirae Asset Capital’s Investment Manager Soojung Kim
“Robotics and AI are changing the face of dentistry, enabling innovations that increase doctor efficiency and help them improve the quality of life for their patients. Neocis is transforming dental implant procedures, demonstrating the benefits of robotics and AI in healthcare.”
— Mohamed “Sid” Siddeek, corporate vice president and head of NVentures
