Industry News

Dental software company DentalMonitoring has attained a valuation of more than $1 billion after announcing $150 million of growth financing. The round is led by a new investment of $90 million from Mérieux Equity Partners and $60 million from Vitruvian Partners, an existing financial investor. The company plans to use the proceeds to finance its global growth, targeting an increased presence in the United States and expanding into new markets such as China and Japan. DentalMonitoring also plans to nearly double the number of employees in the next two years.

Driven by the treating doctor, DentalMonitoring’s AI automates messages and instructions sent to patients and practice staff to synchronize the delivery of care with the need of care. The company also offers virtual practice solutions to help dental professionals streamline and automate their workflow, from initial virtual consultation, patient triage and conversion to remote monitoring of all appliances and brands.

Align Technology has announced a $1 million donation to the American Association of Orthodontists Foundation (AAOF), the charitable arm of the AAO. The donation will be delivered in installments over five years.

The AAOF aims to advance the orthodontic specialty by supporting education and research that leads to excellence in patient care. Since 1994, the AAO Foundation Awards Program has provided $14.6 million in funding, which has supported 264 fellowship awards, 303 research awards and publication of more than 100 articles and abstracts supporting ongoing professional advancement opportunities in orthodontics. The AAOF is committed to helping those in need with disaster relief for orthodontic practices and donated orthodontic services for children that lack access to care.

Align has been a top corporate partner of the AAOF since 2017 and has contributed to a range of education and research programs. In addition, Frank Quinn, Align Technology vice president and general manager, US, holds a seat on the AAOF board of directors.

Smiles Change Lives (SCL) recently announced American Orthodontics as an official corporate partner. Since 2015, American Orthodontics has supported SCL and its mission to provide orthodontic treatment to children of families that cannot afford the full cost of braces.

In this partnership, American Orthodontics will work closely with SCL to strategically increase its reach to as many orthodontists as possible, to ensure every child in need has local access to orthodontic treatment.