uLab Systems completed $20 million in financing from dental and oral care industry investor CareCapital.

uLab Systems, the creator of the uDesign treatment planning software and uSmile clear aligners, has raised $20 million from CareCapital in a convertible note financing.

CareCapital is a long-term investor focused on the global dental and oral care industry. uLab will use the funds to advance the distribution and development of its platform. 

“We have been very impressed by uLab’s treatment system that puts orthodontists in control of treatment plans at chairside, allows them to offer combo and hybrid treatments, helps them manage lab fees and market their practice brands,” said Donald Huang, managing partner at CareCapital. “We appreciate the uLab team’s commitment to innovation and their orthodontist-centric approach.”

The company’s platform features AI-assisted treatment planning, a unique pricing structure, rapid aligner delivery from a US-based manufacturing facility, the ability to plan for brackets and aligners in the same case, and custom packaging. 

There have been more than 400,000 uLab aligner and retainer cases planned to date in North America, according to uLab.

“CareCapital is a world-renowned investor known for their focus and expertise on dental and oral care,” said Charlie Wen, co-founder, president and chief technology officer of uLab. “We welcome not only their endorsement of our technology, approach, and people, but their global expertise in the innovative applications of digital technologies for the betterment of dental care.”

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