Orthotown January/February 2022 - 10

industry news
DentalMonitoring Announces $150 Million of Growth Financing
Dental software company DentalMonitoring has attained a valuation of more
than $1 billion after announcing $150 million of growth fi nancing. The round is led
by a new investment of $90 million from Mérieux Equity Partners and $60 million
from Vitruvian Partners, an existing fi nancial investor. The company plans to use the
proceeds to fi nance its global growth, targeting an increased presence in the United
States and expanding into new markets such as China and Japan. DentalMonitoring
also plans to nearly double the number of employees in the next two years.
Driven by the treating doctor, DentalMonitoring's AI automates messages and
instructions sent to patients and practice staff to synchronize the delivery of care
with the need of care. The company also offers virtual practice solutions to help
dental professionals streamline and automate their workfl ow, from initial virtual
consultation, patient triage and conversion to remote monitoring of all appliances
and brands.
Align Technology Pledges
$1 Million To Support
American Association of
Orthodontists Foundation
Align Technology has announced
Industry News
Information in this section is culled from releases that were delivered to
news@orthotown.com. All material is subject to editing and space availability.
American Orthodontics Becomes Offi cial
Corporate Partner of Smiles Change Lives
Smiles Change Lives (SCL) recently announced American
Orthodontics as an offi cial corporate partner. Since 2015,
American Orthodontics has supported SCL and its mission
to provide orthodontic treatment to children of families that
cannot afford the full cost of braces.
In this partnership, American Orthodontics will work
closely with SCL to strategically increase its reach to as many
orthodontists as possible, to ensure every child in need has
local access to orthodontic treatment.
a $1 million donation to the American
Association of Orthodontists Foundation
(AAOF), the charitable arm of the
AAO. The donation will be delivered in
installments over fi ve years.
The AAOF aims to advance the
orthodontic specialty by supporting
education and research that leads to
excellence in patient care. Since 1994,
the AAO Foundation Awards Program has
provided $14.6 million in funding, which
has supported 264 fellowship awards,
303 research awards and publication of
more than 100 articles and abstracts
supporting ongoing professional
advancement opportunities in
orthodontics. The AAOF is committed to
helping those in need with disaster relief
for orthodontic practices and donated
orthodontic services for children that
lack access to care.
Align has been a top corporate
partner of the AAOF since 2017 and has
contributed to a range of education and
research programs. In addition, Frank
Quinn, Align Technology vice president
and general manager, US, holds a seat on
the AAOF board of directors.
10 JANUARY/FEBRUARY 2022 // orthotown.com
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Orthotown January/February 2022

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