- Miami, Florida-based robot-assisted dental surgery platform company Neocis announced it raised $30 million in funding
Neocis — a Miami, Florida-based robot-assisted dental surgery platform — announced it closed $30 million in equity financing to support expanded commercialization and R&D efforts. This round of funding was raised from existing investors including Mithril Capital Management and they were joined by new investor Norwest Venture Partners.
“Having a group of investors and a Board of Directors so experienced in successfully commercializing robotic surgery will be critical as Neocis charges into the next phase of growth,” said Neocis CEO and co-founder Dr. Alon Mozes. “This funding will secure our opportunity to expand sales and adoption of Yomi and continue to innovate in the robotic surgery space.”
Neocis had received FDA clearance for the robot-assisted dental surgery system called Yomi. And Yomi is indicated for use to provide assistance in both the planning (pre-operative) and the surgical (intra-operative) phases of dental implantation surgery. Plus the system provides software to preoperatively plan dental implantation procedures and provides navigational guidance of the surgical instruments.
“Norwest is excited to join the Neocis team. We believe there is a huge opportunity for robotics to transform healthcare. Neocis has demonstrated their ability to revolutionize dental surgery,” added Dr. Robert Mittendorff, MD, MBA.
Yomi also provides surgical guidance through the use of haptic robotic technology, software, and multisensory feedback to help achieve the right position, angulation, and depth to place the implant exactly according to plan. And Yomi enables a minimally invasive flapless approach — which has been proven to lead to faster surgery, faster recovery, and less pain for the patient.