Pearl, a pioneer in dental artificial intelligence (AI), has raised $58 million in Series B funding, the largest-ever investment in dental AI. This significant funding round, led by Left Lane Capital with participation from Smash Capital, Alpha Partners, and existing investors Craft Ventures and Neotribe Ventures, aims to enhance patient care and broaden the reach of AI solutions in dentistry.
Exciting news! Pearl AI has secured $58M in Series B funding, the largest ever in dental AI! This milestone will help us elevate dental care standards worldwide. Thanks to our investors and amazing team. Join us on this journey!https://t.co/b55zp4lilV
Ophir Tanz, Founder and CEO of Pearl, stated, “This historic funding round underscores the impact of Pearl’s capabilities and supports our belief that high-quality, AI-powered dental care should be accessible to everyone.”
Enhancing Diagnostic Accuracy and Efficiency
Pearl’s AI technology addresses a core challenge in dentistry: inconsistent diagnostic accuracy. By utilising machine learning and computer vision, Pearl aids dentists in reading X-rays, ensuring consistent, objective, and precise diagnoses. This capability not only improves diagnostic accuracy but also transforms the provider-patient relationship.
Vinny Pujji, Managing Partner at Left Lane Capital, emphasised, “Pearl’s pioneering dental AI improves diagnostic accuracy and efficiency while transforming the provider-patient relationship.”
Pleased to welcome @hello_pearl, a global dental artificial intelligence company, to the portfolio. Left Lane led a $58 million Series B with participation from Smash Capital, Alpha Partners, Craft Ventures, Neotribe, and more. Pearl is already working with dental practices…
With this new funding, Pearl plans to expand its line of dental AI products, enhance its regulatory and patent portfolio, and increase global access to AI-driven dental care. Pearl’s AI tools, which have received FDA clearance and are recognised among TIME’s Best Inventions, are already in use in over 120 countries.
“With this investment, Pearl will continue to push the envelope, providing pioneering machine learning to improve oral health outcomes and strengthen trust between the patient and dental professionals,” said Ophir.
Significant Growth and Market Presence
Pearl has seen remarkable growth, with a 458% increase in revenue in 2023. The company remains the only dental AI firm with a global market presence, serving over 500,000 dental practices and millions of professionals worldwide. Pearl’s AI has been integrated into various popular imaging and practice management systems, solidifying its preferred radiologic AI provider position.
In our survey of 597 US dental patients, most patients say that trust is the most important factor when deciding whether or not to accept treatment–and they are more likely to trust a diagnosis if their dentist is using AI to assist with x-ray evaluation. https://t.co/A4OkuW7SMJ
“We have spent the past year evaluating this market, and it is clear that Pearl stands above peers at the forefront of dental innovation,” said Vinny.
Future of Dental Diagnostics
Pearl’s AI technology promises a seamless and less invasive approach to dental diagnostics, enhancing the efficiency and precision of radiologic exams. By accurately detecting diseases and displaying easy-to-understand clinical findings, the technology facilitates patient education and engagement in their dental health.
“We believe this will be an absolute standard of care globally in three years,” Ophir projected, noting the rapid global adoption of Pearl’s technology.
Conclusion
The $58 million investment marks a significant milestone for Pearl, positioning it to advance AI innovations in dentistry further. With its groundbreaking technology, Pearl is set to revolutionise dental care, improving diagnostic accuracy and patient outcomes worldwide.
