Archy, a leading provider of cloud-based automation software for dental practices, has secured $15 million in Series A funding. The round was led by Entrée Capital with support from Bessemer Venture Partners, CRV, Alven, 20VC Growth fund, and several angel investors and dental professionals. This investment will help further develop Archy’s AI-driven platform to increase practice efficiency, boost revenue opportunities, and enhance the patient experience.
Addressing Key Industry Challenges
Dental practices across the U.S. are grappling with major challenges, including a significant staffing shortage, with nearly 33.7% of dental assistants and 31.4% of hygienists planning to retire within five years. Practices also face declining insurance reimbursements and outdated technology, with 75% of practices relying on on-site servers. These issues are hindering their operational efficiency and posing security risks.
Archy’s fully automated, cloud-based solution tackles these pain points by eliminating the need for on-site servers and offering advanced AI tools for billing, scheduling, patient communication, and insurance verification. Archy’s platform integrates with Pearl AI for x-ray analysis, allowing real-time storage and AI-powered diagnosis, which helps streamline dental workflows while improving security and scalability.
Transforming Dental Practice Operations
Jonathan Rat, Co-Founder and CEO of Archy, emphasized the platform’s potential to modernize the dental industry: “By integrating Archy, dental practices can save crucial time and reduce costs, allowing them to reinvest in patient care and business improvements.” The AI-powered automation helps dental teams manage day-to-day tasks more efficiently, addressing staffing challenges and boosting revenue.
Practices using Archy report significant improvements in efficiency, increased patient satisfaction, and better care delivery. Avi Eyal, Co-Founder and Managing Partner of Entrée Capital, said, “Archy is revolutionizing how dental practices operate, offering simplicity, automation, and seamless integration.”
Future Growth and AI Enhancements
Designed by dentists for dentists, Archy continues to evolve under the leadership of its Co-Founder Dr. Christine Liu. The company plans to introduce more AI and machine learning features, particularly in analytics and revenue cycle management. With this funding round, Archy’s total investment to date is $27 million, and the platform is already serving hundreds of dental practices across the U.S.
Archy aims to become a key player in the dental industry, providing solutions that improve operational efficiency and patient care through advanced technology.
