dental hygienist training
March 10th, 2010 | | Make me happy! North Bridge Venture Partners Joins Current Investor, HLM Venture
Partners, in Strategic Financing Round
WOBURN, Mass. — SensAble
Technologies, Inc®, a leading provider of 3D modeling software,
haptic devices and dental restoration design and fabrication solutions,
announced that it has received an $8 million investment to propel sales,
marketing and engineering efforts for its digital dentistry product
line. Existing investor HLM
Venture Partners led the round and was joined by North
Bridge Venture Partners, both of whom are headquartered in the
Boston area, and have extensive expertise with medical device company
funding.
SensAble will use the new capital to better compete in the $3 billion
worldwide market for dental restoration equipment and supplies. In 2008
SensAble introduced the SensAble
Dental Lab System, an award-winning solution that helps dental labs
of all sizes migrate to the use of digital tools in scanning, designing,
and fabricating dental prosthetics and oral devices. Since then,
SensAble more than doubled its dental
business revenues and won key strategic customers worldwide. The
additional funding will allow SensAble to build upon its initial success
in a sizable and growing market.
“As dentistry goes digital, the dental lab business is in the early
stage of a massive transformation – with less than 20% of all dental
labs currently leveraging digital technology – while demand is on the
rise as aging baby boomers need more and better dental restorations,”
said Curt Rawley, chairman and CEO of SensAble. “It’s an enormous market
with multiple opportunities to improve dental lab productivity and
quality of output with solutions that integrate a wide range of newly
advanced technologies. We’re pleased to have the support of two
high-caliber venture capital firms who share our vision and will help us
achieve these goals.”
The Eco-Dentistry Association (EDA), an international association promoting environmentally sound practices in dentistry, announces a powerful new offering for dental professionals. The EDAs GreenDOC Dental Office Certification Program is the only green business certification designed specifically for dentistry. The program provides everything dentists need to achieve their perfect shade of green. Pure Dental Dallas and ORA Dental Studio Chicago became the organizations first recipients of GreenDOC certification.
The GreenDOC Product Guide is the industrys comprehensive listing of products and services that green dental offices need to go green and stay green. The EDA has sourced the products and services that share a vision for clean, green dentistry, making it easy for dental professionals to achieve earth friendly initiatives. Products and services appear in one or more of the following GreenDOC categories: Sustainable Location; Waste Reduction; Pollution Prevention; Energy Conservation; Water Conservation; Patient Care, Workplace Policies, and Community Contribution; Leadership, and Innovation.
Combined, the GreenDOC Product Guide and GreenDOC Checklist provide dentists with the first key steps to greening their dental practice. “Where do I start, and what products do I use? These are the two most common requests we receive from dental professionals,” said Susan Beck, Director of the Eco-Dentistry Association. “Used together, the GreenDOC Product Guide and Checklist make the perfect going green starter kit for dental professionals.”
Additional components of the GreenDOC Program lead dental practitioners through a rigorous but attainable certification program. GreenDOC “How To” Guides, Action Plans and Worksheets make it simple for dental professionals to meet specific goals to achieve Bronze, Silver, or Gold Certification. As a part of the programs international launch, the EDA encourages dental offices to register to be one of the 1st 100 certified offices and become a Charter-Certified Office.
North Bridge Venture Partners Joins Current Investor, HLM Venture
Partners, in Strategic Financing Round
WOBURN, Mass. — SensAble
Technologies, Inc®, a leading provider of 3D modeling software,
haptic devices and dental restoration design and fabrication solutions,
announced that it has received an $8 million investment to propel sales,
marketing and engineering efforts for its digital dentistry product
line. Existing investor HLM
Venture Partners led the round and was joined by North
Bridge Venture Partners, both of whom are headquartered in the
Boston area, and have extensive expertise with medical device company
funding.
SensAble will use the new capital to better compete in the $3 billion
worldwide market for dental restoration equipment and supplies. In 2008
SensAble introduced the SensAble
Dental Lab System, an award-winning solution that helps dental labs
of all sizes migrate to the use of digital tools in scanning, designing,
and fabricating dental prosthetics and oral devices. Since then,
SensAble more than doubled its dental
business revenues and won key strategic customers worldwide. The
additional funding will allow SensAble to build upon its initial success
in a sizable and growing market.
“As dentistry goes digital, the dental lab business is in the early
stage of a massive transformation – with less than 20% of all dental
labs currently leveraging digital technology – while demand is on the
rise as aging baby boomers need more and better dental restorations,”
said Curt Rawley, chairman and CEO of SensAble. “It’s an enormous market
with multiple opportunities to improve dental lab productivity and
quality of output with solutions that integrate a wide range of newly
advanced technologies. We’re pleased to have the support of two
high-caliber venture capital firms who share our vision and will help us
achieve these goals.”