# uLab Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ulab-systems

- Industry: Healthcare IT
- Headquarters: San Mateo, US
- Website: www.ulabsystems.com
- Total disclosed funding: $11M
- Latest round: Series C (Feb 4, 2019)
- Investors on record: 4

## About

uLab Systems Inc. specializes in creating advanced clear aligners and retainer products for dental professionals, utilizing innovative technology to enhance treatment options and patient outcomes.Founded in 2015 in San Mateo, US, uLab Systems Inc. is focused on providing cutting-edge clear aligner solutions. The company has undertaken five deals, with the most recent funding round being a Series E, where they raised USD 55.00 mn on July 6, 2021. Their current valuation stands at USD 166.50 mn. The company was established by Amir Abolfathi and Charlie Wen, with Amir Abolfathi serving as CEO, bringing his experience from previous ventures in the dental technology space.uLab Systems specializes in the development and provision of advanced clear aligner products, primarily targeting dental professionals. Their flagship offerings include uSmile Clear Aligners, crafted from proprietary Reva™ thermoforming material, making them 17% thinner than competing brands. Designed for comprehensive and hybrid treatments, these aligners cater to diverse patient needs. Supporting technologies include the uDesign AI-assisted treatment planning software and the uAssist concierge service, enhancing the aligner treatment process for dental practitioners across North America, Europe, and select Asian markets.uLab Systems generates revenue through direct sales of its aligners and software solutions to dental practices. The business model focuses on B2B transactions, allowing dental professionals to order tailored products and services. Clients can choose between a subscription model or a pay-per-case approach, facilitating flexibility in treatment management. The uSmile Clear Aligners, along with associated services, are central to the company's revenue strategy, with pricing plans accommodating varying case complexities.uLab Systems plans to utilize the USD 55.00 mn raised in their Series E funding to advance the commercial rollout and further develop its platform. This includes enhancements to their AI-assisted treatment planning, rapid aligner delivery, and the capability to plan for brackets and aligners within a single case. The company aims to enhance its product offerings and expand into additional markets, with specific geographic regions targeted for growth in the upcoming years.

## Funding rounds

- Series C, Feb 4, 2019, $6M — Light Bridge Ventures
- Series B, May 31, 2018 — Civilization Ventures
- Seed, Sep 1, 2017, $4.9M — GEX Venture Capital, 7 Gate Ventures, Civilization Ventures

## Investors

- GEX Venture Capital (https://capitalatlas.ai/funds/gex-venture-capital) — Seed
- 7 Gate Ventures (https://capitalatlas.ai/funds/7-gate-ventures) — Seed
- Civilization Ventures (https://capitalatlas.ai/funds/civilization-ventures) — Seed, Series B
- Light Bridge Ventures (https://capitalatlas.ai/funds/light-bridge-ventures) — Series C