Many dentists lack modern tools for managing revenue, despite the growing attention to AI in revenue cycle management (RCM) within the healthcare industry. Wisdom is an AI-powered dental RCM platform designed to address this issue. The company recently raised $21 million in a Series A funding round, led by Permanent Capital Ventures (PCV), with support from Aquiline and existing investor Juxtapose. With this, Wisdom has raised a total of $28 million since its founding in 2023.
Many small dental practices struggle with administrative tasks, resulting in over $20 billion in uncollected revenue. Wisdom has helped clients collect hundreds of millions of dollars and reduce collection costs by up to 50%. By combining AI technology with U.S.-based billing experts, Wisdom improves revenue collection and patient satisfaction, allowing dental staff to focus more on patient care.
Wisdom has grown quickly and has a strong Net Promoter Score of 73. More than 50% of its new clients come from referrals. The company was named a Top Dental Billing Company by Healthcare Business Review and won the 2025 Dental Innovator Award from DentalIQ for its AI-assisted billing service.
Stoyan Kenderov, Wisdom’s CEO, has over 25 years of experience in technology and product development. He was previously COO of Plastiq. Co-founder and Chief Dental Billing Officer Ashley Bond founded Bond Dental Billing.
This new funding will enable Wisdom to enhance its technology platform, expand its market presence, and strengthen its team to support dental offices of all sizes, from small practices to larger groups.
KEY QUOTES:
“We are thrilled to partner with PCV and Aquiline as we continue our mission to transform dental billing and revenue management. Their proactive approach and expertise in building scalable enterprises align perfectly with our vision to significantly enhance financial outcomes and operational efficiency for dental practices.”
Stoyan Kenderov, Wisdom’s CEO
“Wisdom has created an impressive track record by uniquely integrating AI technologies with deep industry expertise. We see immense potential in their ability to scale and redefine revenue management solutions in the dental sector and beyond.”
Mike Gamson, Co-Founder and Managing Partner at Permanent Capital Ventures
“While we continue to see significant innovation across dental, the market is filled with point solutions and generally lacks modern, end-to-end platforms, especially across the rev cycle process. We believe that Stoyan and his team are reimagining the future of dentistry, starting with the key pain points that have historically inhibited dentists from maximizing their time with patients.”
Dante La Ruffa, Partner at Aquiline
“The opportunity to use technology to help dentists build and run their businesses more effectively is immense. Stoyan and his team have moved quickly but thoughtfully to build a solution which really moves the needle for dentists while preserving the value of human expertise.”
Andy Stein, Partner at Juxtapose
