Archy Secures $15M in Series A Funding

Archy, a rising star in cloud-based automation software for dental practices, has just raised $15 million in Series A funding.

The round, led by Entrée Capital and supported by heavyweights like Bessemer Venture Partners and CRV, sets the stage for Archy to supercharge its AI-powered tools designed to make dental practices not just more efficient, but more profitable.

For an industry grappling with staffing shortages and aging infrastructure, this is exactly the kind of innovation dentists need — though most probably never thought they’d see it in the form of AI.

The dental industry is under significant pressure. Nearly a third of dental assistants and hygienists are planning to retire in the next five years, and practices are already operating at reduced capacity, facing a 10% staffing drop nationwide. If that’s not enough to bite down on, decreasing insurance reimbursements are squeezing revenues while many practices are stuck using old-school, on-site servers — an archaic setup that’s more of a liability than a solution.

That’s where Archy’s fully automated, cloud-based solution comes in. Not only does it take the old hardware out of the equation, but it also offers cutting-edge AI tools that automate everything from insurance verification to billing, scheduling, and patient communication.

As Jonathan Rat, Co-Founder and CEO of Archy, puts it, "Fewer staff, mounting workload, less revenue opportunities all while using antiquated systems presents a long-term challenge not only to dental practices, but also inevitably to dental patient care."

Archy’s solution, he explains, offers practices a way to streamline operations, cut costs, and reinvest those savings into improving patient outcomes — and perhaps also reduce the number of headaches caused by juggling multiple, outdated software systems.

Archy’s AI isn’t just about scheduling appointments or sending out reminders. It’s integrated directly with Pearl AI for x-ray analysis, allowing real-time image storage and immediate feedback on patient diagnostics. This means that dental professionals can spend less time wrestling with tech and more time doing what they do best: caring for their patients. As practices move to the cloud, they also benefit from enhanced security, automatic updates, and a scalability that’s hard to match with traditional server setups.

Avi Eyal, Co-Founder and Managing Partner of Entrée Capital, is particularly excited about this opportunity. "In a sector so deprived of innovation, Archy blends simplicity and automation and creates seamless integration across the dental practice, with fast implementation," he said.

Practices using Archy have already reported significant improvements in efficiency, leading to better patient care and higher customer satisfaction. With this latest funding, Archy plans to embed even more AI into its platform, focusing on analytics and revenue cycle management.

Dentists, often perceived as resistant to technology, may finally be warming up to the idea. As Kent Bennett from Bessemer Venture Partners points out, "Dentists have a reputation for being tech-phobic, but the truth is that legacy platforms never gave them a reason to fall in love." With Archy’s easy onboarding and user-friendly interface, practices are beginning to adopt the platform at an impressive rate. "We’re thrilled to partner with the company again in this round," Bennett added.

With a total of $27 million in investment to date and a few hundred practices already onboard, Archy is quickly establishing itself as a vital player in the dental software space. The funding will help accelerate the development of new AI and machine learning features, particularly in the areas of practice analytics and financial management.

Designed by dentists for dentists, Archy’s platform is the all-in-one solution that dental practices have long needed. It replaces a tangled mess of add-ons with a simple, integrated tool that automates mundane tasks like payroll, patient engagement, and imaging. And with the potential to save practices up to $8,000 a year, it’s no wonder more dentists are jumping on board.

As Archy continues to innovate, dental practices across the U.S. may soon find that the future of dentistry is not just in the hands of skilled professionals but also in the cloud — guided by the precision of AI.