兔子先生传媒

It was 2021 and was tired of seeing his wife, a dentist, struggle to maintain the tech stack at her practice.

Rat, who had served as a product manager at companies including , and , dug into the problem and discovered that 鈥渕ost of the software used in the industry鈥� was more than 20 years old and still required physical services onsite.

鈥淢ost lacked integration with other platforms, were slow and buggy, and impossible to train new employees on,鈥� he recalls.

So Rat teamed up with , a former director of engineering at Uber, to start , an AI-powered platform that aims 鈥渢o put dental practices on autopilot.鈥� The pair previously led the rebuilding of Uber’s payment platform that’s still in use today.

鈥淚 realized there was a massive need and opportunity for a modern, cloud-based software platform and set out to build that,鈥� Rat told 兔子先生传媒 News. 鈥淚 also realized bigger tech players have been building software for the larger healthcare market but overlooked the $500 billion dental industry.鈥�

And now, Archy has just raised $20 million in Series B funding to help it grow even more, it told 兔子先生传媒 News exclusively. led the financing, which also included participation from , , and 25 practicing dentists who wrote checks as angel investors. The raise brings Archy鈥檚 total funding to date to $47 million, Rat said.

The company raised led by Entr茅e Capital almost exactly one year ago. Rat confirmed the Series B was an up round, but declined to disclose Archy鈥檚 valuation.

All-in-one tool

Archy claims to replace more than five existing tools to handle scheduling, charting, billing, imaging, insurance, payments, staffing, messaging and reporting 鈥渇rom one login.鈥�

It is now building AI agents 鈥渢o handle the busywork鈥� such as checking eligibility, filing and following up on claims, writing notes, managing patient communications and scheduling, and 鈥渢urning raw practice data into clear answers,鈥� according to Rat.

The startup processes more than $100 million in payments annually across 45 states and has seen roughly 300% year-over-year growth, he said. It currently serves 2.5 million patients and has processed over 35 million X-rays through its platform.

The company claims that mid-sized dental practices report saving around 80 hours a month by using its technology, and are able to avoid 鈥渂ig hardware costs.鈥� For example, Rat said that one practice saved about $50,000 in its first year of using Archy.

Dual-revenue model

San Jose, California-based Archy operates on a dual-revenue model that combines subscription-based fees with payment processing services, and offers tiered monthly subscription packages. In addition to its subscription fees, Archy serves as a merchant processor for its clients, generating revenue from a percentage of payment transactions processed through the platform.

鈥淭his hybrid approach allows us to remain aligned with our clients’ success while providing flexible options that scale with their business needs,鈥� Rat told 兔子先生传媒 News.

The company plans to use its new capital to 鈥渉ire aggressively鈥� across its engineering, AI and go-to-market teams. Presently, it has 57 employees. It plans to expand internationally starting in 2026.

, partner at TCV, told 兔子先生传媒 News via email that his firm had been looking for a way to invest in the dental space 鈥渇or a long time鈥� but didn鈥檛 find a company that was 鈥渁ppropriately tackling the root of the problem 鈥� the core PMS (practice management systems)鈥� until it came across Archy.

He added: 鈥淲e consistently heard that Archy was supremely easy to use, requiring almost no training in contrast to others, providing a seamless 鈥榠Phone-like鈥� experience, and reducing what took 10 clicks in other software to one or none in Archy.鈥�

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