Total amount raised
$69 Millions
Latest funding date
7/1/2024
Location
Pearl has successfully raised $58 million in Series B funding, supported by a total of eight investors. The company specializes in leveraging AI to enhance dental care, offering a suite of innovative tools designed to improve diagnostics and practice efficiency.
Keep reading to explore the intricacies of Pearl's fundraising journey and the investors backing this cutting-edge platform.
What Is Pearl?
Pearl, founded on April 30, 2019, in West Hollywood, California, is an AI-driven company enhancing dental care. The company was established by Cambron Carter, Kyle Stanley, and Ophir Tanz.
Specializing in AI technology, Pearl offers tools that identify diseases in dental x-rays, improving diagnostics and practice efficiency. Their solutions also automate tasks in dental laboratories.
With a team of 101-250 employees, Pearl continues to innovate in the dental industry, providing practitioners with advanced tools to enhance patient care.
How Much Funding Has Pearl Raised?
- Series A
- Amount Raised: $11M
- Date: May 2019
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch Pearl's initial AI-driven dental diagnostic tools.
- Venture Round
- Date: May 2024
- Lead Investors: Dental Innovation Alliance
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Pearl's market reach and enhance its AI capabilities.
- Series B
- Amount Raised: $58M
- Date: July 2024
- Lead Investors: Left Lane Capital
- Valuation at Round: $400M
- Motivation Behind the Round: To advance innovation in dental AI technologies and increase global access to AI benefits in dentistry.
Total Amount Raised: $69M. Current Valuation: $400M.
Key Investors
- Left Lane Capital
- Details: Left Lane Capital is a global venture capital and growth equity firm based in New York and London. They focus on investing in internet and technology companies with a consumer orientation.
- Investment Focus Areas: Software, healthcare, e-commerce, consumer, fintech, medtech.
- Notable Investments: Bilt Rewards, Polycam, Kings League.
- Dental Innovation Alliance
- Details: Dental Innovation Alliance is a venture capital firm that focuses on advancing dental technologies. They aim to support companies that bring innovative solutions to the dental industry.
- Investment Focus Areas: Dental technology, healthcare, medical devices.
- Notable Investments: Not publicly disclosed.
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that invests in early-stage and growth-stage technology companies. They are known for their hands-on approach in helping startups scale.
- Investment Focus Areas: Technology, SaaS, consumer internet.
- Notable Investments: Not publicly disclosed.
- Smash Capital
- Details: Smash Capital is a venture capital firm that invests in technology and media companies. They focus on high-growth opportunities in these sectors.
- Investment Focus Areas: Technology, media, consumer internet.
- Notable Investments: Not publicly disclosed.
- Alpha Partners
- Details: Alpha Partners is a growth-stage venture capital firm that co-invests with other leading venture firms. They focus on scaling companies that have demonstrated significant growth potential.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Not publicly disclosed.
What's Next for Pearl?
With the recent $58 million Series B funding, Pearl is poised to revolutionize dental diagnostics. The company plans to expand its AI product line, enhance its regulatory and patent portfolio, and increase global access to its AI solutions. This expansion could potentially impact over 500,000 dental practices worldwide, making Pearl a significant player in the dental AI market.
Future fundraising opportunities seem promising, given the substantial growth and investor confidence. Pearl's rapid revenue increase and global market presence suggest that additional investment rounds could be on the horizon to support further technological advancements and market expansion.
However, Pearl may face challenges such as maintaining regulatory compliance across multiple countries and ensuring the accuracy of its AI diagnostics. Competition from other AI and dental technology companies also poses a potential hurdle. Despite these challenges, Pearl's innovative approach and strong investor backing position it well for continued success in the dental AI industry.
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