Sonendo, a developer of endodontic products, has completed the second of two equity financings, raising an additional $18 million for a total of $27 million.
The proceeds from the financing will be used to finalize technology development, fund ongoing clinical studies, and commercialize Sonendo's Multisonic Ultracleaning system, set to launch in 2014, the company noted in a press release.
Sonendo's endodontic technology enables root canals to be simultaneously cleaned in about five minutes, according to the company.
The company's goal is to transform endodontics by improving the clinical quality and business performance of practices performing root canal therapy, explained Bjarne Bergheim, president and CEO of Sonendo.
