VideaHealth, a Boston-based dental AI company, has secured $40 million in a Series B funding round. The oversubscribed round was led by Threshold Ventures, with participation from new investors Avenir Ventures and BAM Ventures, as well as existing backers Spark Capital, Zetta Venture Partners, and Pillar VC. This brings VideaHealth’s total funding to $70 million.
VideaHealth’s AI-powered software assists dentists in diagnosing and treating various dental conditions. The AI analyzes detailed X-ray scans of patients’ teeth to identify issues such as cavities and gum disease, providing a summary and suggested treatment options. Florian Hillen, co-founder and CEO of VideaHealth, emphasized the AI’s role as a reliable second opinion, increasing confidence in diagnoses and treatment plans for both dentists and patients.
“Our AI offers greater consistency,” Hillen said. “The models are trained on 50 times the number of X-rays that an average human dentist will see in a lifetime, leading to increased treatment acceptance as patients appreciate AI-validated findings.”
In addition to aiding in diagnosis, VideaHealth’s software automates administrative tasks like note-taking and filling in claim forms, allowing dentists to spend more time with patients. Holger Mueller, an analyst from Constellation Research Inc., highlighted AI’s strength in image processing, stating that AI can evaluate images more efficiently and accurately than humans, making it particularly suitable for the dental industry.
VideaHealth has partnered with major dental service organizations in North America, including Heartland Dental in the U.S. and Dentalcorp Health Services in Canada. The company is also collaborating with Henry Schein One LLC to apply its software to dental education.
AI transforming dental diagnostics and workflows
The new funding will be used to expand VideaHealth’s product offerings across the dental care industry, focusing on AI-powered workflow and revenue cycle management tools. Emily Melton from Threshold Ventures praised VideaHealth’s potential to disrupt the healthcare industry by enhancing clinical and administrative workflows and improving the patient and provider experience. With over 40,000 daily users in North America, VideaHealth processes millions of patient records and dental X-rays annually.
Hillen noted that the new funding will allow the company to expand into new markets, including reaching individual dentists in Canada. VideaHealth is currently hiring across all departments, signaling its growth ambitions in the country. The company plans to enhance its AI algorithms to improve diagnostics, particularly in specialty practices like orthodontics, endodontics, and pathology.
VideaHealth’s FDA- and Health Canada-approved AI algorithms assist clinicians in diagnosing conditions such as cavities, periodontitis, and endodontic disease by overlaying standard X-rays with precise algorithms to provide faster, more accurate diagnoses. Another significant investment area for VideaHealth is automating administrative tasks in dental offices, such as charting treatments, clinical notes, and documentation for insurance purposes. “By reducing administrative tasks, we give dental professionals more time with patients, addressing issues like the hygiene shortage,” Hillen explained.
This automation aims to mitigate burnout and enhance retention among dental professionals by allowing them to focus more on patient care. VideaHealth’s innovative approach and substantial new funding are set to significantly impact the dental market, offering advanced technological solutions to enhance both clinical and administrative operations. As the dental market is projected to grow from an estimated $500 billion in 2025 to over $750 billion by 2034, according to Precedence Research, VideaHealth is well-positioned to lead the industry into a new era of innovation and excellence.
