Overjet, a leading dental AI startup, has announced the completion of a $27 million Series A funding round to expands its AI-driven dental solutions.
The latest round was led by General Catalyst and New York-based venture capital company Insight Partners. Existing investors Crosslink Capital and MIT-affiliated E14 Fund also participated in the round.
Founded by experts from the Massachusetts Institute of Technology and Harvard School of Dental Medicine, Overjet has one of the largest and most seasoned teams of technologists and domain experts with deep AI, dental, and insurance experience. Its product aims not only to help dentists deliver the best patient care but also to allow dental insurers to operate more accurately and efficiently.
Recently, Overjet was the first dental AI startup to receive FDA clearance with its Dental AssistTM technology, a product designed for dental practices. The new investment will be used to accelerate market adoption of AI-driven dentistry and boost the launch of new products. Shaju Puthussery, Chief Operating Officer at Overjet, said about the startup’s mission:
“Tens of millions of Americans already have their dental claims processing streamlined and accelerated by Overjet today. With the recent FDA clearance and new funding, more Americans will see Overjet’s dental AI technology assisting their dentists at the next check-up. We’re committed to helping clinicians deliver the best patient care,”
Overjet has been a leading player in the industry, having partnered with 15 major carriers to serve over 53 million people in America. The leading dental provider Guardian Life has become the first national carrier which integrated Overjet’s dental AI into its claims processing. The partnership aims to leverage AI technology to support consistency in dental claims review and improve operating efficiency.
With AI becoming an increasingly important technology across different industries, the Dental AI startup is aiming to harvest its benefits to improve patient care while also capitalizing on the increasing demand.