With $80 million in funding, Lightforce Orthodontics plans to enhance the manufacturing of their 3D printed braces system.

Share this story

Lightforce Orthodontics, a company that specializes in personalized 3D printed braces systems, recently announced that it has raised $80 million in its Series D funding round. This marks the company’s third successful funding round, following investments of $50 million in 2021 and $14 million in 2020. The funding round was led by Ally Bridge Group, Transformation Capital, and CareCapital, with participation from Omega Venture Partners, Matter Venture Partners, the American Association of Orthodontics, as well as existing investors Kleiner Perkins, Tyche Partners, and Matrix Partners.

With the new financial backing, Lightforce plans to expand its production capabilities by establishing a new facility. The company also aims to advance the use of artificial intelligence (AI) in its workflows and invest in education. Lightforce was founded in 2020 with the goal of revolutionizing the orthodontics industry by leveraging 3D printing and AI technologies. The company’s main offering is its custom 3D printed brackets, which are made according to a personalized digital treatment plan. AI is used in the Lightforce software to generate precise digital representations of patients’ anatomy and optimize teeth positions for improved clinical efficiency and aesthetics.

The new manufacturing facility, spanning 36,000 square feet, will be located in Wilmington, Massachusetts. In addition to scaling up production, Lightforce plans to expand its engineering and science teams. The company also intends to invest in resources for clinical education, aiming to equip orthodontists with the necessary skills and technology to transition from traditional, one-size-fits-all braces to a fully digital practice.

Lightforce CEO and co-founder, Alfred Griffin III, DMD, Ph.D., MMSc, expressed his enthusiasm about the new round of funding and the support provided by the investors. He stated that Lightforce’s mission is to provide personalized treatment options to orthodontists and improve outcomes for teen patients. Griffin also mentioned that the company will use the funding to attract talent, foster innovation, and elevate the standard of care for orthodontic treatment.

Kevin Reilly, Managing Director at Ally Bridge Group, praised Lightforce’s innovative approach and its use of 3D printing to personalize orthodontic treatment. Reilly expressed his excitement about being part of a group of investors who believe in the benefits of personalized medicine in the orthodontics industry. He highlighted the growing importance of customization and digital workflow in the future of orthodontics and the positive impact it will have on patient care.

Overall, Lightforce’s recent funding round represents a significant milestone for the company and underscores its commitment to revolutionizing the orthodontics industry. With its advanced technologies and emphasis on personalization, Lightforce aims to provide orthodontists with the tools they need to deliver the best possible treatment outcomes for their patients.

Original source

Share this story

Leave a Reply

Your email address will not be published. Required fields are marked *