Imagoworks, a Seoul, South Korea-based AI digital dentistry solution provider, has raised 23 billion won ($15.6M) in Series C funding, bringing its total funding to 38 billion won.
Investors
The round was led by Stick Ventures and K2 Investments, with new participation from TS Investments, IBK Industrial Bank, and Taiwan-based dental private equity firm TCG. Existing backers LB Investment and Company K Partners also followed up on their previous investments.
Stick Ventures is a venture capital firm based in South Korea that invests in seed-stage, early-stage, and later-stage companies.
K2 Investments specializes in growth-stage venture capital investments in Korea, offering diversified and niche portfolios while fostering long-term relationships with investors and portfolio companies.
Imagoworks Use of Funds
The company plans to use the funding to expand globally and achieve sustainable growth through aggressive marketing and sales efforts.
About Imagoworks
Founded in 2019, Imagoworks specializes in AI-as-a-Service (AIaaS) solutions for the global dental market. Its innovations combine proprietary 3D CAD, AI for 3D medical data, and SaaS technology. In 2022, it launched "Dentbird Solutions," a web-based AI platform for automated dental prosthesis design. Imagoworks serves dental professionals in over 110 countries, including the US, Japan, and South Korea.
Funding Details
Company: Imagoworks Inc.
Raised: $15.6M
Round: Series C
Funding Month: December 2024
Lead Investors: Stick Ventures, K2 Investments
Additional Investors: TS Investments, IBK Industrial Bank, TCG, LB Investment, Company K Partners
Company Website: https://imagoworks.ai/
Software Category: AI Dentistry Solution
Source: https://www.mk.co.kr/en/it/11207294