Archy Secures $20 Million Series B

<div><strong>SAN JOSE<&sol;strong> &&num;8212&semi; <a class&equals;"ww&lowbar;lnktrkr" href&equals;"https&colon;&sol;&sol;www&period;archy&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Archy<&sol;a>&comma; an AI platform for dental practices&comma; has secured &dollar;20 million in Series B funding led by <a class&equals;"ww&lowbar;lnktrkr" href&equals;"https&colon;&sol;&sol;www&period;tcv&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">TCV<&sol;a> along with <a class&equals;"ww&lowbar;lnktrkr" href&equals;"https&colon;&sol;&sol;www&period;bvp&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Bessemer Venture Partners<&sol;a>&comma; <a class&equals;"ww&lowbar;lnktrkr" href&equals;"https&colon;&sol;&sol;www&period;crv&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">CRV<&sol;a>&comma; <a class&equals;"ww&lowbar;lnktrkr" href&equals;"https&colon;&sol;&sol;entreecap&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Entrée Capital<&sol;a>&comma; and 25 practicing dentists&period; Archy’s AI platform replaces 5&plus; different software tools with a single cloud-based system to handle payments&comma; prescriptions&comma; scheduling&comma; charts&comma; insurance claims&comma; and more&period; The company plans to use the capital to hire across engineering&comma; AI&comma; and go-to-market&period;<&sol;p>&NewLine;<p>Most dental practices still run on old&comma; disconnected systems prone to outages and hacks&period; Staffing is thin and turnover is high&comma; so teams are constantly retraining new hires across a patchwork of tools&period; Nothing syncs&colon; staff call payers to check benefits&comma; retype data into a dozen point solutions&comma; print and scan forms&comma; and chase patients by phone&period; Each system has its own logins and workflows&comma; so onboarding a new front-desk or billing coordinator can take weeks and depends on tribal knowledge that walks out the door&period; The result is errors&comma; denied claims&comma; and burnout&period; These systems waste 80 hours per month at a mid-sized practice&comma; on top of dozens of hours retraining new employees on the antiquated systems&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our offices previously used Dentrix for 35 years and Dexis for 17 years before switching to Archy&comma;” said Thomas DeChellis DDS&comma; Owner of DeChellis &amp&semi; Stonestreet Dentistry&period; &OpenCurlyDoubleQuote;Archy makes it simple to manage the multiple dental offices in one platform&comma; from x-rays&comma; to charting&comma; to patient communications and billing&period; We have trained team members ranging from 20 to 68 years old to use Archy within 1-2 days&period; Switching to Archy saved our offices over &dollar;50&comma;000 in hardware upgrades and IT costs in year one&period;”<&sol;p>&NewLine;<p>Archy is a cloud-based&comma; all-in-one platform that replaces the server-in-the-closet and the patchwork of point tools&period; Scheduling&comma; charting&comma; imaging&comma; billing&comma; insurance&comma; payments&comma; messaging&comma; and reporting all live in one place&period; Everything runs securely in the cloud with automatic updates&comma; backups&comma; and role-based access&comma; so teams can work from anywhere and cover gaps&period; The platform’s intuitive design allows practices to hire non-dental professionals and onboard them quickly&comma; while built-in AI automation handles time-consuming tasks like insurance verification and patient communications&comma; reducing overhead and maximizing efficiency&period;<&sol;p><&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>The company reports it is currently processing over &dollar;100 million in payments annually for their customers and growing 300&percnt; year-over-year&period;<&sol;p>&NewLine;<p><strong>Archy’s AI agents handle the most time-consuming tasks in a practice&colon;<&sol;strong><&sol;div>&NewLine;<ul>&NewLine;<li><strong>Archy Verify<&sol;strong>&colon; checks insurance and eligibility<&sol;li>&NewLine;<li><strong>Archy Revenue&colon;<&sol;strong> collect bills&comma; files claims&comma; follows up on collections<&sol;li>&NewLine;<li><strong>Archy Scrib<&sol;strong> e&colon; takes notes and follow ups in real time&comma; hands-free<&sol;li>&NewLine;<li><strong>Archy Connect&colon;<&sol;strong> manages patient communications and scheduling automatically<&sol;li>&NewLine;<li><strong>Archy Insight&colon;<&sol;strong> turns practice data into clear answers and growth opportunities<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&OpenCurlyDoubleQuote;Dental practices are getting squeezed from every direction&comma; there’s a massive staffing shortage&comma; hiring costs keep climbing&comma; and insurance reimbursements keep falling&comma;” said Jonathan Rat&comma; founder and CEO of Archy&period; &OpenCurlyDoubleQuote;We’re not just building software&semi; we’re building an AI-powered teammate that helps practices do more with smaller teams&comma; turning the staffing crisis into a competitive advantage&period;”<&sol;p>&NewLine;<p>Archy was founded in 2021 by Jonathan Rat &lpar;CEO&rpar;&comma; a former product manager at Meta&comma; Uber&comma; and SurveyMonkey&period; He created the company after seeing first hand how his wife&comma; a dentist&comma; struggled to deploy&comma; maintain&comma; and upgrade IT systems&period; Together they spent dozens of hours troubleshooting software&comma; on hold with third party IT providers&comma; and uncovering hidden inefficiencies&period; He is joined by Benjamin Kolin &lpar;CTO&rpar;&comma; who served as a senior engineering leader at Uber&comma; VMware&comma; and Yahoo&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Dental is one of the largest specialties in healthcare&comma; but most dentists are stuck running servers in their closets and piecing together multiple tech vendors&comma; which no SMB should have to do&period; Beyond just bringing customers to the cloud&comma; Archy enables dental offices to do more with less via its novel intelligence&comma; automation&comma; and ease of use&comma;” said Austin Levitt of TCV&period; &OpenCurlyDoubleQuote;The Archy team combines engineering excellence with empathy for dentists&comma; positioning them to reimagine the way the industry works in the AI age&period;”<&sol;p>&NewLine;

Editor

IBM Acquiring Confluent for $11 Billion

ARMONK, NY -- IBM has agreed to buy Confluent, Inc., the data streaming pioneer, for…

2 days

Marvell Buying Celestial AI for $3.25 Billion+

SANTA CLARA -- Marvell Technology, Inc., a leader in data infrastructure semiconductor solutions, plans to…

2 days

ALM Ventures Debuts $100 Million Fund

MOUNTAIN VIEW -- ALM Ventures has announced the launch of ALM Ventures Fund I, a…

4 days

Brainworks Ventures Launches $50 Million AI-Native Fund

SAN FRANCISCO -- Brainworks Ventures, an AI-native venture capital fund led by DARPA alumnus Dr.…

4 days

OpenAI Hires New Chief Revenue Officer

OpenAI is hiring Slack CEO Denise Dresser as the company's Chief Revenue Officer, overseeing global…

4 days

Teen Charged With Shooting at Westfield Valley Fair Mall

The Santa Clara County District Attorney’s Office has charged a San Jose 17-year-old with attempted…

4 days