After elevating $40M, U.S.-based dental AI firm VideaHealth to ‘double down’ on its market growth in Canada

Boston-based AI firm VideaHealth, already partnering with Dental Assist Organizations (DSOs) throughout North America, is now concentrating on on a regular basis Canadian dentists, in line with Founder & CEO Florian Hillen. The announcement comes the identical day as the corporate’s $40 million Sequence B funding increase.

“We’ve at all times had robust investor curiosity,” Hillen stated, noting that the corporate plans to “aggressively” spend money on innovation and increase into new markets, notably Canada.

VideaHealth’s AI platform is designed to streamline scientific and administrative workflows for dentists, providing insights for a spread of dental situations, together with pediatric care. The corporate, which already has over 40,000 every day customers in North America, processes hundreds of thousands of affected person data and dental X-rays every year.

“The brand new funding will enable us to increase into new markets, together with reaching single dentists in Canada,” Hillen defined. “We’re doubling down on the Canadian market.”

VideaHealth has already shaped partnerships with main DSOs in North America, comparable to DentalCorp and Henry Schein, in Canada. Nonetheless, Hillen confirmed the corporate’s first Canadian job opening, signaling progress within the nation.

“We’re hiring throughout all departments—gross sales, advertising, product, engineering, and customer support,” Hillen stated, including that he hopes Canada will develop into a big progress avenue for VideaHealth.

IPO on the desk

When requested a few potential IPO, Hillen stated, “It’s on the desk,” however emphasised that the corporate needed to lift funds on the proper time and with a transparent technique to leverage them successfully.

The push for growth comes as AI expertise continues to speed up within the dental discipline. With the dental market set to develop from an estimated $500 billion in 2025 to over $750 billion by 2034 as reported by Priority Analysis, AI’s position in enhancing diagnostics and workflows is changing into more and more important.

Investing in scientific and workflow enhancements

Hillen defined that VideaHealth plans to boost its AI algorithms to enhance diagnoses, specializing in specialty practices like orthodontics, endodontics, and pathology.

“By increasing into specialty markets, we goal to supply extra complete AI assist,” Hillen stated, noting that VideaHealth’s FDA- and Well being Canada-approved AI algorithms are designed to assist clinicians diagnose situations comparable to cavities, periodontitis, and endodontic illness.

The AI works by overlaying commonplace X-rays with correct algorithms to assist clinicians make quicker, extra exact diagnoses, offering a second opinion for sufferers throughout their appointments.

Automating administrative work

One other main space of funding for VideaHealth is automating administrative duties within the dental workplace, comparable to charting remedies, scientific notes, and documentation for insurance coverage functions.

“We’re specializing in eliminating nearly all of administrative work within the dental workplace, which is smart when you consider it. For instance, hygiene work includes numerous charting—hygienists should undergo numerous clicks simply to doc all the things within the apply administration system,” he stated

He additionally stated automating the executive work will assist with retention particularly amid the hygienist scarcity situation in the US. “By lowering administrative duties, we give dental professionals extra time with sufferers, addressing points just like the hygiene scarcity,” Hillen defined. “It will enable one hygienist to perform the work of two and scale back burnout, which is a key consider retention challenges.”

From drugs to tech

Hillen, who comes from a household of medical doctors, shared his ardour for combining medical experience with expertise.

“Once I take into consideration significant influence, I see it in two methods: qualitative and quantitative. As a health care provider, I like having a excessive qualitative influence, serving to sufferers in very significant methods. However by way of amount, I’m restricted. I solely have so many hours in a day, which suggests I can deal with solely a restricted variety of sufferers,” he stated. “Now, what excites me about dentistry and expertise is the sheer scale of the influence. Globally, there are over a billion dental sufferers, and proper now, we’re already serving to tens of hundreds of thousands of them yearly,” he added.