Sonendo Raises $35M

Laguna Hills-based Sonendo, which is developing a system for root canal therapy, has raised $35M in an equity financing round, according to the company. The funding was led by Meritech Capital Partners, and also included SEB Private Equity, Fjord Ventures, OrbiMed Advisors, LLC, and NeoMed Management. The company said that Meritech's Paul Madera has joined the company's board with the funding. Sonendo has developed a system used for root canal therapy. Sonendo is led by Bjarne Bergheim. The new round brings the company's total raised to around $70M. More information »