Total amount raised
$425 Millions
Latest funding date
December, 2021
Location
Overjet has successfully raised significant funding over multiple rounds, positioning itself as a key player in the dental AI industry. The platform offers advanced solutions for clinical analysis, patient education, claim automation, and insurance review.
Keep reading to explore the intricacies of Overjet's fundraising journey and the investors backing this innovative platform.
What Is Overjet?
Overjet, founded in 2018, is headquartered in Boston, Massachusetts. The company was established by Dr. Wardah Inam and Dr. Chris Balaban, who aimed to revolutionize dental care through artificial intelligence.
Specializing in dental AI technology, Overjet's platform assists dental professionals in detecting oral diseases, educating patients, and automating insurance processes. Their solutions are designed to enhance clinical outcomes and streamline administrative tasks.
With a growing team, Overjet continues to expand its impact in the dental industry, leveraging AI to improve patient care and operational efficiency.
How Much Funding Has Overjet Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core AI technology and validate the business model.
- Seed Round
- Amount Raised: $7.9M
- Date: June 2020
- Lead Investors: Crosslink Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the AI platform and begin initial market penetration.
- Series A
- Amount Raised: $27M
- Date: August 2021
- Lead Investors: General Catalyst, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series B
- Amount Raised: $42.5M
- Date: December 2021
- Lead Investors: General Catalyst, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and accelerate product development.
- Series C
- Amount Raised: $53.2M
- Date: March 2024
- Lead Investors: March Capital
- Valuation at Round: $550M
- Motivation Behind the Round: To expand AI capabilities, accelerate product development, and scale operations.
Overjet has raised a total of $130.6M with a current valuation of $550M.
Key Investors
- March Capital
- Details: March Capital is a venture capital firm that invests in innovative technology companies. They focus on supporting companies that have the potential to revolutionize their respective industries.
- Investment Focus Areas: AI technology, enterprise software, cybersecurity
- Notable Investments: CrowdStrike, ASAPP, Forter
- General Catalyst
- Details: General Catalyst is a venture capital firm that partners with founders to build companies that have a lasting impact. They provide support from seed to growth stages.
- Investment Focus Areas: Healthcare, consumer, enterprise
- Notable Investments: Airbnb, Stripe, Snap
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They invest in growth-stage technology and software companies.
- Investment Focus Areas: Software, internet, data
- Notable Investments: Shopify, Twitter, Qualtrics
- Crosslink Capital
- Details: Crosslink Capital is a venture capital and growth equity firm. They invest in early-stage and growth-stage companies across various sectors.
- Investment Focus Areas: Enterprise, consumer, healthcare
- Notable Investments: Pandora, Coupa, Chime
- American Dental Association
- Details: The American Dental Association (ADA) is a professional association of dentists committed to the public's oral health, ethics, science, and professional advancement.
- Investment Focus Areas: Dental care, public health, professional education
- Notable Investments: Not publicly disclosed
What's Next for Overjet?
Overjet stands at the cusp of a transformative era in dental care, with opportunities to expand its AI capabilities and create a unified standard for dental providers and payers. The recent $53.2 million Series C funding round, the largest in dental AI history, underscores the vast potential for growth. By enhancing patient communication and reducing administrative overhead, Overjet aims to revolutionize the dental industry.
Future fundraising opportunities seem promising, given the significant interest from investors like March Capital and General Catalyst. However, challenges such as ensuring AI accuracy, navigating regulatory requirements, and integrating with existing dental practices remain. Overjet's ability to address these hurdles will be crucial in maintaining its leadership in the dental AI space.
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