Adonis, a New York–based AI-driven orchestration platform for revenue cycle management (RCM), has raised $40 million in a Series C round.
Investors
The round was led by Quadrille Capital, with continued support from General Catalyst and Bling Capital. The round brings Adonis' total funding to over $95 million since the company's founding in 2022.
Quadrille is an independent asset manager that has been dedicated to financing innovation in Europe and the U.S. for over 25 years. The firm invests in high-growth technology companies through complementary primary and secondary strategies. It manages approximately $2 billion in assets and has a team of 50 professionals based in Paris, New York, and San Francisco.
Adonis Use of Funds
The company will use the funds to accelerate product innovation, expand its AI platform capabilities, and strengthen its presence in the healthcare provider market.
About Adonis
Founded by brothers Akash Magoon and Aman Magoon, Adonis is an AI orchestration platform focused on transforming revenue cycle management (RCM) for healthcare providers. It is purpose-built for healthcare organizations seeking to modernize their revenue operations. Adonis combines intelligence and AI agents to proactively monitor revenue workflows, detect issues, recommend corrective actions, and autonomously drive claims toward resolution. Headquartered in New York, the company’s mission is to maximize revenue outcomes, enabling healthcare providers to deliver the highest standard of clinical care.
Funding Details
Company: Adonis Technology, Inc.
Raised: $40.0M
Round: Series C
Funding Date: March 2026
Lead Investor: Quadrille Capital
Additional Investors: General Catalyst, Bling Capital
Company Website: https://www.adonis.io/
Software Category: Healthcare AI / Revenue Cycle Management (RCM) Platform
Source: https://www.prnewswire.com/news-releases/adonis-raises-40m-series-c-to-equip-healthcare-providers-with-aidriven-revenue-cycle-operations-302722199.html