Medtech
3D dental X-rays: Morrisville startup gears for nationwide launch with new funding
Morrisville-based Surround Medical Systems has raised another $4.4 million from investors, money that it will use to support a nationwide marketing and…
CHARLOTTE – Morrisville-based Surround Medical Systems has raised another $4.4 million from investors, money that it will use to support a nationwide marketing and product launch of its 3D dental imaging system.
The company is the first in the dental imaging market with a tomosynthetic device that helps dentists find cavities, root canals and fractures easier than a typical 2D X-ray, said CEO David LaVance.
“We did a soft launch last year,” said LaVance. “Now we’re rolling it out and setting up distribution.”
The privately held company has raised about $42 million in total and wants to raise another $5.6 million in this round of investing. It has 115 investors — all family offices or high net worth individuals.
Surround Medical showed the 3D device at the American Association of Endodontists conference in Chicago last month. And the device is now in use at dental schools at UNC Chapel Hill, the University of Michigan and the University of Maryland Baltimore.
The machine sells for $29,000, plus another $10,000 for the sensor that is placed in a patient’s mouth. LaVance said Surround Medical will also target periodontists and general dentists.
LaVance was previously chairman of Hologic Inc., which developed similar technology for use in mammograms.
(C) Business North Carolina
The post 3D dental X-rays: Morrisville startup gears for nationwide launch with new funding first appeared on WRAL TechWire.
ETF Talk: AI is ‘Big Generator’
Second nature comes alive Even if you close your eyes We exist through this strange device — Yes, “Big Generator” Artificial intelligence (AI) has…
Apple gets an appeals court win for its Apple Watch
Apple has at least a couple more weeks before it has to worry about another sales ban.
Federal court blocks ban on Apple Watches after Apple appeal
A federal appeals court has temporarily blocked a sweeping import ban on Apple’s latest smartwatches while the patent dispute winds its way through…
