Wellplaece, a dental marketplace and procurement platform, launched with a $5.5 million seed round.
The platform uses artificial intelligence to compare prices for dental supplies to optimize savings for dental practices, according to a May 30 news release.
The AI searches across a wide network of suppliers to find the best price. It also places the order and handles logistics with the supplier.
By the end of the second quarter, the company is set to double its distributor and manufacturer supplier network. Wellplaece also has plans to implement its services at more than 100 dental offices in future quarters, the release said.