Imagoworks raises $15.6 mn in Series C funding

Imagoworks, South Korea's AI-based digital dental service startup, said on Tuesday it raised 23 billion won ($15.6 million) in Series C funding.

Founded in 2019, Imagoworks released Dentbird Solutions for digital dental services, the AI-based dental CAD system, and Software as a Service (SaaS). 

The round was led by STIC Ventures and K2 Investment Partners, including TS Investment, Industrial Bank of Korea, and Taiwan-based Trianchor Capital Group. 

Existing investors LB Investment, and Company K Partners also joined the round.

Imagoworks has customers in more than 110 countries, including South Korea, Japan, and the US, including dentists and dental technicians.

In Japan, the company is distributed by Ci Medical, a powerhouse in the dental distribution industry. With its network of around 65,000 dental clinics and dental laboratories, the number of dental laboratories adopting Imagoworks' AI solutions is growing. 

In June, Imagoworks established the US subsidiary and acquired a local dental laboratory to expand Dentbird Solutions in the North American market.

The company launched AOX, an AI-based full-mouth restorative prosthetics service based on its AI software technology.

Write to Joo-Wan Kim at kjwan@hankyung.com