Nov 29, 2018 | BlueLight Analytics, News
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Dental technology company BlueLight Analytics has closed a $3 million funding round and plans to use the money to launch a new data analytics product that can be installed in any dental office.
The Halifax company released a statement Wednesday saying the lead investor in the funding round was CIC Capital Ventures, the North American venture capital arm of French private equity firm CM-CIC Investissement. Innovacorp, the Nova Scotia government’s early-stage venture capital agency, also joined the round.
It was the first time BlueLight has raised venture capital financing, though it has raised about $3 million in equity funding from angel investors.
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Jul 24, 2018 | BlueLight Analytics, News
BlueLight Analytics, a Halifax-based health tech company, is significantly expanding its senior management team.
BlueLight has had a year full of milestone achievements so far. The company has expanded its checkMARC service to over 35 countries around the world, secured new partnerships with leading dental manufacturers, and have collected more than 1 million data points through over 70,000 checkMARC evaluations. With no sign of momentum slowing, the company has made three strategic additions to the senior management team, welcoming Theresa Lee (VP Business Development), Derek Leblanc (VP Technology), and Matt Cooper (VP Product and Marketing).
JP Furey, BlueLight’s CEO, is making it a priority to bring additional experience to the team, continuing its rapid growth this year. These changes will also ensure that many of their younger employees, most recent graduates, have the mentorship they need to grow. “We have a lot of exciting things on the horizon. We’re focused on building an all-star team that’s going to help us get to the next level. Derek, Theresa and Matt are experts in their fields and have brought new experience, insight and energy to the company. The BlueLight team is ready for the next stage of growth!”
Theresa Lee, VP, Business Development
Theresa Lee joined BlueLight as VP, Business Development in April. She has a true passion for sales and has spent the past 16 years of her career in a variety of B2B roles with companies such as Johnson & Johnson, Siemens, Axis Dental, and most recently with Halifax-based STI Technologies Ltd, which was bought by QuintilesIMS in 2017. Her solutions sales and data experience coupled with her enthusiasm has made her a terrific fit to lead and support the business development team at BlueLight Analytics.
Derek Leblanc, VP, Technology
Derek Leblanc has returned to his full time role at BlueLight this past month as VP, Technology after working in Vancouver at Intel. With over 15 years of experience as a software engineer and researcher in machine learning, including 4 years as VP Technical Development at Afinin Labs in St. John’s, NL, he brings his passion for developing quality software and pushing the boundaries of computer science & industry to the BlueLight team. Derek has been leading the development of BlueLight’s new AI-powered next generation technology.
Matt Cooper, VP, Product and Marketing
Matt Cooper has joined as BlueLight’s new VP, Product and Marketing. Before joining BlueLight Analytics, Matt was the co-founder and Chief Product Officer at Swept Technologies, a mobile and web communication platform designed for the commercial cleaning industry. An active member and contributor to Halifax’s thriving startup ecosystem, Matt brings more than 20 years of experience in product development and marketing to the BlueLight team.
As Lee, Leblanc, and Cooper get settled into their new roles, the team is gearing up for a year of milestone achievements and are already planning some more exciting updates to share in the coming months.
About BlueLight Analytics
BlueLight uses data to improve patient outcomes by changing the way dental filling materials and curing lights are developed, sold, and used. Their technologies collect data on curing lights and materials used in dental offices, which can be used by dental companies to inform marketing, R&D, and dentists to improve their clinical protocols. BlueLight’s solutions are used in over 35 countries around the world and have been used to conduct over 70,000 evaluations of curing lights at more than 16,000 clinics.
Media Inquiries?
Please contact Matt Cooper at 902.880.6288
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Jun 13, 2018 | BlueLight Analytics, News, Spring Loaded Technology
Apr 27, 2018 | BlueLight Analytics, News
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BlueLight Analytics, the Halifax company that helps dentists cure fillings properly, appears to be the lone Atlantic Canadian competitor in the Fundica Roadshow this year.
The organizers on Wednesday announced the 18 companies that will pitch at its event in Montreal on May 1. The list includes BlueLight.
The Fundica Roadshow is an annual competition open to startups from across the country, with a cash prize being given to the winner from all the roadshows. The prize this year is a maximum of $500,000 in cash.
The organizers this year have announced pitching events only in Toronto, Montreal and Vancouver and offered to cover the travel costs of three companies not based in those cities. Atlantic Canadian companies could apply for one of these packages to attend the Montreal event, and BlueLight was the only company accepted.
Growing out of research at Dalhousie University, BlueLight began about eight years ago to solve a problem with the lights dentists use to cure resin. These lights vary greatly, and each model has to be used for just the right amount of time to cure the resin properly.
BlueLight developed the checkMARC system, which can test and identify the efficacy of a dental office’s curing lights. It has partnered with industrial giant 3M Corp. to greatly expand the startup’s sales power in the U.S.
Last year, the Fundica Roadshow brought together over 150 startups, 2000 attendees, 132 funders, and 125 partners, making it the largest pitch competition across Canada. The 2017 competition included a stop in Halifax, at which the regional winner was Halifax-based Grey Lit Matters.
This year, the pitching competitions will be head in Montreal on May 1, Vancouver on May 31 and Toronto on June 28. As many as 20 entrepreneurs will be selected to pitch in each city. The top pitchers in each city will win prizes and an invitation to the Finale in Montreal on July 12. The winner of the Finale will have a chance for investment of up to $500,000 from Panache Ventures.]]>
Dec 14, 2017 | BlueLight Analytics, News
See original ENTREVESTOR article here
BlueLight Analytics Inc., a Halifax company that helps ensure the proper curing of dental fillings, has partnered with industrial giant 3M Corp. to greatly expand the startup’s sales power in the U.S.
The two companies announced the partnership on Wednesday. Under the terms of the deal, 3M salespeople will offer BlueLight’s flagship product checkMARC, which helps to ensure dentists use their curing light for just the right length of time when curing resin-based fillings.
“This partnership gives us a national presence in the U.S., which is the biggest market for us,” BlueLight chief executive J.P. Furey said in a phone interview from Dallas, where he’s been training 3M sales teams.
“It’s definitely a huge milestone for the company and we think it’s the first of many as we expand globally.”
Growing out of research at Dalhousie University, BlueLight began about seven years ago to solve a problem few dentists spoke about. The lights they use to cure resin vary greatly, and each model has to be used for just the right amount of time to cure the resin properly. Too long a time could adversely affect the tooth and too little would leave the resin only partially cured.
BlueLight developed the checkMARC system, which can test and identify the efficacy of a dental office’s curing lights. Based on the results, 3M will review the light-curing protocols currently in practice. The Minnesota-based company said it can then work with the dental clinic to identify evidence-based opportunities to improve clinical outcomes and patient satisfaction.
BlueLight said that before its technology was commercialized, there was a “quality gap” in the market for dental fillings — a multi-billion-dollar market that is the cornerstone of every dental clinic.
Almost two years ago, BlueLight announced a partnership with the Canadian division of 3M to jointly market checkMARC across Canada, and that led to a broader relationship.
“The last announcement was Canadian-centric,” said Furey, an accountant who became the company’s CEO in the autumn of 2015. “Since then a lot has happened and it has led to pilots in the U.S. and now this deal, which covers the whole U.S. It’s five to 10 times bigger than the Canadian market.”
He added that he and three other BlueLight representatives are in the U.S. this week, training 3M sales representatives in checkMARC. The salespeople are expected to begin offering the service to clients as early as this week.
The relationship with 3M is already expanding beyond North America. The Halifax company has been working with 3M in Australia, New Zealand and Germany.
“As the market leader for restorative dentistry, 3M is dedicated to providing dental professionals the latest technologies and innovations in dentistry to improve practice productivity,” the Minnesota company said in a statement.
BlueLight has partnerships with a few large companies. Also in 2015, it announced a partnership with Henry Schein, the Melville, New York-based medical product distributor whose 2014 sales exceeded US$10 billion.
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