OraQ AI Raises $4M to Scale AI-Powered Decision Support Platform for Dental Offices
OraQ AI Raises $4M to Scale AI-Powered Decision Support Platform for Dental Offices
OraQ AI, an AI-driven software platform designed to support decision-making in dental practices, has successfully closed a total of $4 million CAD in equity financing. This amount includes $1.3 million from a pre-seed round in 2021 and an additional $2.7 million in seed capital raised in 2024.
The pre-seed round, led by Greyhill, marked the firm’s inaugural investment in its health-focused fund. The round also saw participation from dentists, physicians, and other angel investors. OraQ’s most recent seed round was led by Angel MD GP, an Alberta-based angel physician group, with significant investments from the Centre for Aging & Brain Health Innovation (CABHI), Startup TNT, and a network of dentists, physicians, family offices, and angel investors.
Founded by CEO Dr. Amreesh Khanna, Chief Clinical Officer Dr. Mike Parchewsky, and CTO Wayne Madhlangobe, OraQ AI is the only clinical AI solution in dentistry that standardizes a comprehensive patient assessment and engages with a patient all the way through their entire wellness journey. The platform uses advanced AI to help dentists develop predictive, holistic, and precision-based patient treatment strategies, supporting the ethical growth and success of dental practices.
OraQ’s growth has also been bolstered by $1.3 million in non-dilutive funding from Alberta Innovates, IRAP, and Mitacs. Since its launch in 2023, the company has secured a total of $5.2 million in equity and non-dilutive funding.
“These financings are fueling our mission to empower dentists and patients with AI capabilities,” said Dr. Amreesh Khanna, co-founder and CEO of OraQ AI. “We’re revolutionizing patient care by leading the way in managing oral health data, providing unparalleled transparency, and giving patients control over their own information.”
Unlike other imaging software, OraQ’s AI evaluates patients holistically, considering their medical history and all dental findings to make optimal care decisions. Leveraging up to 80% more data than traditional solutions, OraQ enables dentists to uncover as much as 2.5 times more revenue opportunities for their practices. Furthermore, the platform empowers patients by providing deeper insights into their oral health, which has led to a significant boost in treatment acceptance rates—sometimes doubling the industry standard.
OraQ’s rapid growth has been further accelerated by a recently announced partnership with the Canadian Division of Patterson Dental, a major North American dental distributor. This deal provides OraQ with national distribution through 120 sales representatives, reaching approximately 10,000 dental practices. The company is also in discussions with key partners in the United States to expand its market reach.
OraQ is also proud of their recent Innovation and Research Partnership launch with a very prominent leader in Dental Innovation: University of the Pacific, Arthur A. Dugoni School of Dentistry located in San Francisco. This partnership continues to validate the power of AI in Dentistry and will open up doors for additional exposure to customers in the US market in the future.
OraQ has been recognized for its industry excellence, having been selected for the Google for Startups 2022 Canadian accelerator, named one of the top 10 startups at the Calgary Launch Party in 2023, and awarded the 2024 Outstanding Digital Health Company award at the Inventures technology conference in Alberta, Canada.
Commenting on the recent developments, Faizal Javer, managing partner at Greyhill Capital Partners, stated: “Greyhill launched a dedicated Oral Care venture fund to invest in innovative technology companies disrupting the dental industry. OraQ AI’s platform not only leverages AI to guide dental clinicians toward precision care but also empowers patients by giving them access to their records and enabling informed decisions about their health. With OraQ, patients will leave a dental office with a clear understanding of their treatment needs, fostering trust and allowing them to make decisions about proposed treatments from the comfort of their own homes. The future of the platform will further support the data requirements for value-based reimbursement by insurance payors.”
About OraQ™
OraQ AI is transforming dentistry with its unique AI software that provides comprehensive precision care chairside. The software evaluates patients holistically, considering their medical history and all dental issues to make optimal care decisions. OraQ offers unprecedented transparent and control over oral health data to both dentists and patients, this approach increases treatment acceptance by 30-40%, leading to growth in dental practices and improved health outcomes. OraQ is headquartered in Calgary, Canada, and has been recognized as one of the top 10 startups in Calgary. Currently operating in both Canada and the US, please visit oraq.ai to learn more.
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- Website: www.oraq.ai
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