Neocis, which has developed the Yomi robot to assist in dental implant surgeries, has brought in $20 million in funding. The Miami-based company plans to use the funding for business initiatives including product development, sales enablement, and clinical education.
“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,” stated Alon Mozes, Neocis’ co-founder and CEO, in a release.
“This funding positions us for continued success in the market and will help us drive meaningful innovation in implant dentistry,” he said.
Inside the Yomi surgical robot
The U.S. Food and Drug Administration (FDA) has cleared Yomi for robot-assisted dental surgery. The system has a total of 16 FDA 510(k) clearances. To date, more than 40,000 implants have been placed with Yomi, and a new detail implant is placed every six minutes, according to Neocis.
The company explained that Yomi assists clinicians during all phases of implant placement using streamlined digital planning and haptic guidance of surgical instrumentation. It can also be used for performing guided bone reduction, also known as alveoplasty, of the mandible and maxilla, a common dental procedure typically performed following a tooth extraction.
The robot augments the surgeon’s expertise. It isn’t autonomous, and the physician retains control of instrumentation at all times. Yomi guides the physician using physical feedback, on-screen alerts, and audio cues, said Neocis.
The system also assists in the planning phases of dental implant surgeries. The company offers YomiPlan, a software suite that can help clinical teams create precise treatment plans and execute cases efficiently.
“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,” said Mohamed “Sid” Siddeek, corporate vice president and head of NVentures. “Neocis is transforming dental implant procedures, demonstrating the benefits of robotics and AI in healthcare.”
Investors infuse Neocis with funding
This funding round’s participants included Mirae Asset Capital/Mirae Asset Venture Investment, and NVentures, NVIDIA’s venture capital unit. It also included venture capital firms affiliated with the Mirae Asset Financial Group, which invests in growth-stage healthcare and technology businesses.
“Neocis is bringing needed innovation to dentistry, and we couldn’t be more excited to support them in that mission,” said Soojung Kim, investment manager at Mirae Asset Capital, in a release. “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.”
“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,” said Mozes.
Wow, this is truly groundbreaking news! Huge congratulations to Neocis for securing $20M in funding for their innovative robotic dental surgeries. It’s incredible to see such advancements in technology revolutionizing the field of dentistry. This investment not only speaks volumes about Neocis’ potential but also highlights the growing importance of integrating robotics into healthcare for more precise and efficient treatments. Kudos to the Neocis team for their dedication to pushing boundaries and improving patient care. Looking forward to seeing the positive impact this funding will have on the future of dental surgery!
The advancements made by Neocis with their Yomi robot signify a pivotal moment in the intersection of robotics and healthcare. This innovative technology not only enhances precision in dental implant surgeries but also underscores the growing role of AI in improving patient outcomes and physician efficiency. The extensive FDA clearances and the successful placement of over 40,000 implants demonstrate the system’s reliability and effectiveness. By combining surgical expertise with haptic guidance and digital planning, Yomi serves as a valuable tool for clinicians while maintaining the human element of care. Neocis’ focus on continuous innovation and education highlights its commitment to redefining standards in dentistry, paving the way for broader adoption of robotic assistance in healthcare fields.