A university spin-out that uses 3D scanning technology to produce digitised images of dental patients’ teeth and facial structure has closed a £2m seed funding round.
Mimetrik launched in 2020 from the University of Leeds Department of Digital Dentistry and aims to digitise the connection between dental labs and clinicians, for the benefit of patients. Its technology, which incorporates machine learning, is designed to replace the costly, time-intensive approach currently used to create physical models of teeth.
The firm says its work can allow faster and more accurate treatment. The latest funding, which was led by investor Northern Gritstone, will be used to bring its core products to market, which combine cutting-edge software, hardware and mobile apps.
Read more: Sheffield home renewables installer acquired by Scandinavian heat pump specialist Aira
Mimetrik’s founding team includes professor Andy Keeling, Dr Alyn Morgan and Dr Cecilie Osnes and professor David Wood. The trio have decades of experience working in clinical dentistry, 3D scanning and computer science, as well as having worked with global dental manufacturers and shaped national dental policy.
The firm now has its sights on the growing digital dentistry market which is forecast to double in size to $1.8bn by 2029.
Dr Morgan said: “With over 30 years in clinical dentistry, I have seen first-hand the time and cost spent on traditional techniques and I believe that our products have the ability to transform the industry and ultimately ensure better patient care. Northern Gritstone’s investment is a vote of confidence in our technology and we will benefit from their advice and knowledge as we continue to grow and bring our products to market.”
Stephen Claffey, CCO of Mimetrik, added: “The ground-breaking products I’ve had the pleasure of introducing have reshaped dentistry. With Mimetrik’s latest offering, we’re poised to surpass all previous innovations I have been involved with. Our cutting-edge technology is set to redefine digital dentistry, enhancing both restorative and preventive treatments on a global scale.”
Duncan Johnson, CEO of Northern Gritstone, said: “Mimetrik’s technology has the capacity to bring dentistry into a new age, removing unnecessary costs and time delays with their AI-driven software. It is fantastic to see the North of England producing such cutting-edge technology that can have an impact on an essential part of our lives. We look forward to working with Alyn and the Mimetrik team as they step up the development of their products.”
Northern Gritstone was advised by Freeths, led by partner Dahren Naidoo while Mimetrik was advised by RWK Goodman.
Original artice – https://business-live.co.uk/all-about/yorkshire-humber
