Sonendo, Inc., a Laguna Hills, California-based developer of technology for the endodontic marketplace, completed a $35m equity financing.
The round was led by Meritech Capital Partners with participation from new investor SEB Private Equity, Fjord Ventures, OrbiMed Advisors, LLC, and NeoMed Management. In conjunction with the funding, Paul Madera, Co-founder and Managing Director of Meritech Capital Partners, joined Sonendo’s Board of Directors.
The company intends to use the funds to further technology development, fund clinical studies, and commercialize its GentleWave™ System for root canal therapy.
Led by President and CEO Bjarne Bergheim, Sonendo has developed and is launching GentleWave™ System, a 510(k) FDA cleared system that aims to change the standard of care for root canal procedures and make them easier to perform and more comfortable for the patient.
The System debuted at the American Association of Endodontists (AAE) annual meeting in May of this year, and is currently in limited market release.
FinSMEs
08/09/2014
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