Overjet, a Boston, MA-based dental AI provider, secured $53.2 million in Series C funding, bringing its total funding to approximately $133 million and valuation to $550 million.
SaaS Investors
The round was led by March Capital, with participation from General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, and Harmonic Growth Partners, as well as the American Dental Association.
March Capital is a growth-stage venture firm headquartered in Santa Monica, California, and investing globally since 2014. The firm seeks to invest in the digital transformation of cloud-based software, automation, artificial intelligence, and information technology infrastructure sectors.
Overjet Use of Funds
The company will use the funding to further develop AI capabilities, streamline processes, and unify the dental care ecosystem.
About Overjet
Founded in 2018 by Wardah Inam, Overjet is a dental technology company that builds artificial intelligence that helps dental organizations give patients the highest quality of care. Its platform, FDA-cleared for oral disease detection, drives improved outcomes and efficiency in dental care. The company now serves thousands of dentists, across both private practices and the largest dental support organizations (DSOs) in North America. It also partners with payers that collectively cover more than 120 million members, including the majority of the 10 biggest U.S. dental insurers.
Funding Details
Company: Overjet, Inc.
Raised: $53.2M
Round: Series C
Funding Month: March 2024
Lead Investors: March Capital
Additional Investors: General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association
Company Website: https://www.overjet.ai/
Software Category: Dental AI
Source: https://www.prnewswire.com/news-releases/overjet-raises-53-million-the-largest-investment-in-the-history-of-dental-ai-302079163.html