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Designed by Neocis, the robot is the only one approved by the FDA for dental surgeries
January 22, 2024
A robot developed to assist with dental surgery has received $20 million in additional funding, with financing from Nvidia’s venture capital arm NVentures, and Mirae Asset Financial Group’s venture capital firms.
The robot, dubbed Yomi, was designed to assist in both the “planning and intraoperative phases” of dental implant surgery.
According to Neocis, Yomi is the only robot approved by the Food and Drug Administration for dental surgeries.
Yomi uses “gentle haptics” to help dentists maintain a steady grip and angle on the implements used, adjusting to a patient’s movements in real time and monitoring to avoid over drilling.
"The latest investment is a testament to our growth as a company and how far dental robotics has come since the first Yomi systems were installed,” said Alon Mozes, Neocis’ CEO. “We’re tremendously grateful to have the backing of our newest investors, including NVentures and Mirae Asset Financial Group, as well as our existing partners,
“This funding positions us for continued success in the market and will help us drive meaningful innovation in implant dentistry.”
Neocis will use the additional funds to bolster a wide range of business initiatives from product development and sales enablement to clinical education.
The company has also scaled its office space to keep pace with its steady growth, with a new manufacturing facility located in Miami’s Wynwood neighborhood.
"Neocis is bringing needed innovation to dentistry, and we couldn’t be more excited to support them in that mission,” said Soojung Kim, Mirae Asset Capital’s investment manager. “We look forward to working alongside the Neocis team to help them excel in a rapidly growing market and get Yomi in the hands of more providers.”
“Robotics and AI are changing the face of dentistry, enabling innovations that increase doctor efficiency and help them improve the quality of life for their patients,” said Mohamed “Sid” Siddeek, NVentures’ corporate vice president. “Neocis is transforming dental implant procedures, demonstrating the benefits of robotics and AI in health care.”
Assistant Editor, IoT World Today
Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.
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