Sonendo has brought in $17 million — its latest multimillion-dollar money raise as it expands marketing of its GentleWave system that uses acoustic energies to better clear out a tooth’s root canal system.
The roughly $17 million matches the full amount that Laguna Hills, Calif.–based Sonendo was seeking to raise, according to a Form D the company filed with the U.S. Securities and Exchange Commission on July 1.
The news comes about three months after Sonendo announced the Canada launch of GentleWave, with CEO Bjarne Bergheim touting increased demand for the procedure.
GentleWave uses a combination of procedure fluids, vortical flow and broad-spectrum acoustic energies to debride and disinfect the root canal system. The system is able to reach event undetected spaces, enabling a minimally invasive procedure that leaves more of the tooth structure intact, according to Sonendo.
The 13-year-old company has announced other multimillion-dollar raises in the past, including $35 million in 2016.