Cloud-based platform aims to streamline dental workflows, improve efficiency, and enhance patient care.
Archy, a provider of automated cloud-based software for dental practices, has raised $15 million in Series A funding led by Entrée Capital with participation from Bessemer Venture Partners, CRV, Alven, 20VC Growth Fund, and several angel investors. The investment will enable Archy to integrate AI-driven tools further and address pressing challenges in the dental sector.
Tackling Dental Practice Challenges
Archy’s platform addresses critical issues plaguing dental practices, including:
- Staff shortages: With a 10% capacity reduction across the U.S. and significant retirement projections among dental assistants and hygienists.
- Outdated infrastructure: 75% of practices still rely on on-site servers, hindering efficiency and presenting security risks.
- Revenue pressures: Declining insurance reimbursements make it harder to maintain competitive salaries.
AI-Powered Automation and Cloud Benefits
Archy automates essential processes such as:
- Insurance verification, billing, scheduling, and patient communication, reducing manual workloads.
- Integrated imaging: Real-time x-ray storage and AI-powered analysis through direct integration with Pearl AI.
- Scalability and security: Cloud migration eliminates costly servers and ensures seamless scalability with regular updates.
“By integrating Archy, dental practices can reinvent how they manage day-to-day operations, saving time and costs while enhancing patient care,” said Jonathan Rat, Co-Founder & CEO of Archy.
The funding brings Archy’s total investment to $27 million, empowering the company to expand AI and machine learning capabilities in areas like analytics and revenue cycle management.
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