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Archy Raises $15 million Series A Round to Transform Dental Practices with Automated Cloud-Based Platform Underpinned by AI

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Archy’s software can support the daily tasks of an entire dental practice with its cloud-based solution, automating processes and functions, while reducing costly server infrastructure, saving 80 hours per month in lost time for a single practice

SAN JOSE, Calif., Oct. 24, 2024 /PRNewswire/ — Archy, a pioneer of cloud-based automation software for dental practices, today announced it has raised $15M Series A funding in a round led by Entrée Capital with participation from Bessemer Venture Partners, CRV, Alven, 20VC Growth fund and several angel investors and dental professionals. The investment will advance further development of the Archy product, embedding AI across various areas to make dental practices more efficient and allowing dental teams to focus on more intricate tasks, while increasing practice revenue opportunities and significantly enhancing customer experiences.

Dental practices are being plagued by several fundamental challenges simultaneously. They are facing a severe staffing shortage, with capacity reduced by an estimated 10% across the US – an issue that is set to be further compounded by 33.7% of dental assistants and 31.4% of dental hygienists indicating they are planning to retire within five years. Dental practices are also contending against decreasing dental insurance reimbursements, making it harder for practices to offer competitive salaries, all while 75% of them still rely on outdated, on-site servers, proving a major obstacle to operational efficiency and presenting security risks.

Archy addresses each of these challenges through its pioneering fully automated, cloud-based solution that eliminates the need for costly, outdated on-premises servers while providing AI-driven automation tools for insurance verification, billing, scheduling, and patient communication, streamlining daily operations. Its integrated imaging solution also ensures x-rays and images are stored in real-time, while a direct integration with Pearl AI enables AI-powered x-ray analysis within the platform. Moreover, by moving practices to the cloud, Archy enhances security, provides regular updates, and offers seamless scalability, allowing dental practices to focus on intricate tasks and patient care.

“Fewer staff, mounting workload, less revenue opportunities all while using antiquated systems presents a long-term challenge not only to dental practices, but also inevitably to dental patient care,” said Jonathan Rat, Co-Founder & CEO of Archy. “By integrating Archy, dental practices have an immense opportunity to reinvent how they manage the day-to-day workload, saving crucial time and cost which can be driven instead into business improvements, patient care and outcomes. Archy’s automated overhaul of a dental practice’s operations helps develop and retain the workforce, and our aim is to become a linchpin for sustainable growth for the practice itself.”

“We are excited to join Archy on its journey as it revolutionizes how dental practices interact with and support their patients,” said Avi Eyal, Co-Founder and Managing Partner, Entrée Capital. “In a sector so deprived of innovation, Archy blends simplicity and automation and creates seamless integration across the dental practice, with fast implementation. Practices using Archy are already reporting significant improvement in efficiency, and increased customer satisfaction and better patient care delivery. We believe the market is ripe for disruption and that Archy is the company that will emerge as the leader in this sector.”

Kent Bennett, Partner at Bessemer Venture Partners added, “Dentists have a reputation for being tech-phobic, but the truth is that legacy platforms never gave them a reason to fall in love. Archy has changed that with an end-to-end product that’s a breeze to onboard. The company has seen impressive adoption this year that puts them in line with the most exciting vertical SaaS launches we’ve seen. We’re thrilled to partner with the company again in this round.”

Inspired by Co-Founder, Dr Christine Liu’s experience as a dentist herself, Archy was designed by dentists for dentists, to enable a more efficient approach to every facet of the day – from booking appointments and conducting diagnoses, to treatment plans and managing patient outcomes. Archy has automated many of the time-consuming processes that dental practices face daily, saving time and reducing human error, allowing practices to prioritize patient care.

With Archy’s imaging software included, practices no longer have to rely on external software for imaging. With this funding round, Archy will be bringing more AI and ML features to their platform especially in the areas of analytics and revenue cycle management. This funding round takes Archy’s total investment to date to $27 Million and the company boasts several leading entrepreneurs on their board and as Angel investors. Archy is currently working with a few hundred dental practices across the US.

About Archy

Archy is a leading provider of practice management software for dental practices. Its all-in-one solution helps the front-line dental workforce save invaluable time and costs by eliminating the need for multiple, expensive add-on software packages and services. On average, an individual practice can save $8,000 per year by switching to Archy. From charting to payroll, employee management to patient engagement, Archy provides a transformative, one-stop shop for practice owners.

Media Contact

Gavin Horwich
Campaign PR
gavin@campaignpr.tech

View original content:https://www.prnewswire.com/news-releases/archy-raises-15-million-series-a-round-to-transform-dental-practices-with-automated-cloud-based-platform-underpinned-by-ai-302286180.html

SOURCE Archy

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Unifor calls on CN to prioritize passenger rail services

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October 24, 2024

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OTTAWA, ON, Oct. 24, 2024 /CNW/ – Unifor is urging Canadian National Railway (CN) to prioritize the effective management of its rail infrastructure to ensure the safe and efficient operation of VIA Rail’s passenger services.

“This is about CN stepping up to fulfil its obligations to all rail users,” said Unifor National President Lana Payne. “Passenger rail must be prioritized to ensure that services like VIA Rail can operate safely and efficiently.”

Recent speed restrictions on key corridors have raised questions about CN’s accountability to all rail users, especially with minimal government oversight. Unifor maintains that CN has a duty to collaborate more effectively with passenger rail operators. The union argues that CN knew about VIA Rail’s acquisition of new trains and yet failed to engage in proactive discussions to accommodate the necessary adjustments.

“CN’s responsibility goes beyond sending notifications—it must actively facilitate a rail system that accommodates all users. As the owner and primary manager of these tracks, CN has a duty to ensure that passenger services are not compromised,” said Payne.

VIA Rail recently announced delays along the Quebec City–Ottawa–Toronto corridor due to speed restrictions imposed on tracks owned and maintained by CN. The issue has drawn attention to the lack of regulatory oversight and CN’s dominant control over Canada’s rail infrastructure, impacting passenger rail services.

Unifor believes that the government must reassert regulatory oversight to prevent freight operators from sidelining passenger rail services. The union continues to advocate for the investment in passenger rail infrastructure, fair regulation, and a rail network that puts Canadians’ needs first.

Unifor is Canada’s largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

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Axon to Release Third Quarter 2024 Earnings on November 7, 2024

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41 mins ago

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October 24, 2024

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SCOTTSDALE, Ariz., Oct. 24, 2024 /PRNewswire/ — Axon (Nasdaq: AXON), the global public safety technology leader, today announced that it will report third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Axon will host a live Zoom video webinar to discuss the company’s financial results at 5 p.m. ET that same day.

The live webinar to discuss financial results, followed by Q&A, will be linked from Axon’s investor relations website at https://investor.axon.com. An archived replay will be available after the call ends. 

Upcoming Conference Participation

The Company also announced that Axon will participate in the following upcoming conferences. If applicable, events will be webcast live and archived on Axon’s investor relations website at https://investor.axon.com.

Northcoast 2024 Fall Management Forum, Wednesday, November 13, 202414th Annual Needham Virtual SaaS 1×1 Conference, Thursday, November 21, 2024Barclays Global Technology Conference, Wednesday, December 11, 2024

About Axon

Axon is a technology leader in global public safety. Our moonshot goal is to cut gun-related deaths between police and the public by 50% before 2033. Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that lead modern policing. Axon’s suite includes TASER energy devices, body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities. Axon’s growing global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services, as well as the justice sector, enterprises and consumers.

Non-Axon trademarks are property of their respective owners. Axon, the Delta Logo, Protect Life and TASER are trademarks of Axon Enterprise, Inc., some of which are registered in the United States and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Follow Axon here:

Axon on X: https://x.com/axon_usAxon on Facebook: https://www.facebook.com/Axon.ProtectLife/Axon on LinkedIn: https://www.linkedin.com/company/axon-protect-life/

Note to Investors

Please visit http://investor.axon.com, https://www.axon.com/press, https://x.com/axon_us and https://www.facebook.com/Axon.ProtectLife/ where Axon discloses information about the company, its financial information and its business.

CONTACT:
Investor Relations
Axon Enterprise, Inc.
IR@axon.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/axon-to-release-third-quarter-2024-earnings-on-november-7-2024-302286492.html

SOURCE Axon

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WASTE CONNECTIONS DEMONSTRATES PROGRESS TOWARDS ESG GOALS IN UPDATED 2024 SUSTAINABILITY REPORT

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October 24, 2024

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TORONTO, Oct. 24, 2024 /PRNewswire/ — Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) today released its 2024 Sustainability Report – Connecting with the Sustainable Future. The report demonstrates progress toward the Company’s aspirational ESG targets and sustainability-related objectives.

“2023 was another year of progress towards our sustainability-related goals, which we believe are inextricably linked to our focus on value creation in our business,” said Ronald J. Mittelstaedt, President and Chief Executive Officer. “With a multi-year reduction of 40% in emissions intensity, we have demonstrated that outsized growth is compatible with the achievement of our long-term aspirational ESG targets.”

Mr. Mittelstaedt added, “I would like to thank our 24,000 employees who embody our core values and drive our results. I’m particularly pleased by the notable momentum from reductions in voluntary turnover and the related impacts to safety-related metrics, both of which are showing ongoing improvement in 2024.”

Highlights of the 2024 Sustainability Report include:

Notable Gains in Employee Engagement: Voluntary turnover declined 22% in 2023, with continued improvement in 2024 bringing total declines of over 40% from peak levels in 2022.

Improved Safety Metrics: Incident rates were reduced by 7% in 2023, with ongoing momentum in 2024 bringing a total decline to 13% from 2022 levels.

Emissions Intensity Continues to Decline: Reductions in Scope 1 and 2 emissions intensity of over 40% from the 2019 baseline with absolute emissions down 13%.

Increased Resource Recovery: Continued increases in recycling and biogas recovery and beneficial reuse, including through investments in new facilities.

Reducing Fleet Emissions: Initiated testing of electric vehicles in New York City as part of commercial franchise introduction, with additional units on order.

The Waste Connections 2024 Sustainability Report is available at wasteconnections.com/sustainability or by clicking the following link: Waste Connections 2024 Sustainability Report.

About Waste Connections

Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance (“ESG”) efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.

Safe Harbor and Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events and operating performance. These forward-looking statements are often identified by the words “may,” “might,” “believes,” “thinks,” “expects,” “estimate,” “continue,” “intends” or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the timing and amount of investments and the ability to meet or exceed long-term, aspirational sustainability targets. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company’s filings with the SEC and the securities commissions or similar regulatory authorities in Canada.  You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.  Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

CONTACT:
Mary Anne Whitney / (832) 442-2253                              Joe Box / (832) 442-2153
maryannew@wasteconnections.com                              joe.box@wasteconnections.com    

View original content to download multimedia:https://www.prnewswire.com/news-releases/waste-connections-demonstrates-progress-towards-esg-goals-in-updated-2024-sustainability-report-302286554.html

SOURCE Waste Connections, Inc.

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