With the funding, LightForce plans to scale production with a new facility, advance the use of AI in its workflows, and invest in education.
LightForce Orthodontics, makers of personalized 3D printed braces system, raised an $80 million Series D round led by Ally Bridge Group. Transformation Capital, and CareCapital. Omega Venture Partners, Matter Venture Partners, and the American Association of Orthodontics also participated in the round, as did existing LightForce investors, including Kleiner Perkins, Tyche Partners, and Matrix Partners.
LightForce provides orthodontists with a comprehensive braces solution that improves treatment efficiency and outcomes for patients. LightForce’s 3D printed hardware is custom-made according to a personalized, digital treatment plan. From Intraoral and CBCT support to final prescription, the LightForce software incorporates powerful AI for generating accurate digital representations of patient anatomy, and optimal teeth positions for clinical efficiency and aesthetics. With the new funding, LightForce will continue to grow its team of engineers and scientists to further develop its software and hardware to improve patient experience with shorter treatment times and better clinical outcomes. The Series D round will also prepare the company to grow and scale production capabilities, with a new, 36,000 square-foot manufacturing facility in Wilmington, Massachusetts.
Launching commercial operations in 2020, LightForce is changing a nearly century-old approach to braces with 3D printing and AI, enabling a new wave of personalization and efficiency for orthodontists. As LightForce scales production and advances its technology, it plans to address the need for education in the orthodontic industry by investing in clinical education resources that will provide orthodontists with the skills and technology required to transition from stock one-size-fits-all braces to a fully digital practice.
“This incredible syndicate of investors brings diverse expertise from the medical device, health IT, AI, and advanced manufacturing sectors to provide critical resources and expert guidance that will support our overall growth and continued innovation,” said LightForce CEO and co-founder Alfred Griffin III, DMD, Ph.D., MMSc. “Teen patients have been limited by the inaccuracy and inefficiency of non-custom braces for decades. LightForce was founded to provide fully personalized treatment options to orthodontists for each of their patients to improve their outcomes and experience while in treatment. With this funding, LightForce will continue to attract key talent, innovate through our incredible community of orthodontists, and scale operations as we seek to elevate the standard of care for teen orthodontic treatment.”
Remember, you can post job opportunities in the AM Industry on 3D ADEPT Media free of charge or look for a job via our job board. Make sure to follow us on our social networks and subscribe to our weekly newsletter: Facebook, Twitter, LinkedIn & Instagram ! If you want to be featured in the next issue of our digital magazine or if you hear a story that needs to be heard, make sure you send it to contact@3dadept.com