Sonendo said it closed the 2nd portion of a $27 million funding round for its sonic root canal device.
Orbimed Advisors led the round, joined by new backer Themes Investment Partners and existing investors Fjord Ventures and NeoMed Management, according to a press release.
The round’s 2nd tranche was for $18 million, according to the release, added to a $9.2 million initial tranche that closed last summer, according to the Laguna Hills, Calif.-based company.
"Our goal is to transform endodontics by improving the clinical quality and business performance of practices performing root canal therapy," president & CEO Bjarne Bergheim said in prepared remarks. "Sonendo has designed a breakthrough endodontic technology based upon Sound Science, which will enable root canals to be simultaneously cleaned in about five minutes."
Sonendo said it plans to use the cash to put the finishing touches on the technology, back ongoing clinical work and to fund the eventual commercialization of the device, expected to launch next year.
The Sonendo device uses sonic energy to remove the debris and decay from the inside of a tooth without damaging the tooth’s structural dentin, according to the company’s website.