Baba Raises $40M Series A

Baba, based in New York, is an applied AI company that modernizes the Medicare and Medicaid experience through a combination of clinical care teams and artificial intelligence. The company announced it has raised $40 million in Series A funding to expand its care coordination services and advance its research efforts.

Investors

The funding round was led by FirstMark Capital, a venture capital firm known for its investments in digital health. Participating investors include CVS Health Ventures and Valtruis, as well as returning investors General Catalyst, Genius Ventures, and Ground Up Ventures.

Baba Use of Funds

Baba intends to use the capital to expand its clinical care teams, advance its ongoing AI research, and grow its partnerships with various health plans to accelerate its value-based care arrangements.

About Baba

Founded in New York, Baba acts as a care partner to patients and their families by providing dedicated care coordinators and licensed therapists. The company utilizes AI to connect medical, financial, social, and behavioral health needs, aiming to make care delivery more efficient for complex patient populations.

Funding Details

Company Website: https://callbaba.com

Company: Baba
Raised: $40M
Round: Series A
Funding Date: October 20, 2026
Lead Investor: FirstMark Capital
Additional Investors: CVS Health Ventures, Valtruis, General Catalyst, Genius Ventures, Ground Up Ventures
Company Website: www.callbaba.com
Software Category: Healthcare AI
Source: https://www.globenewswire.com/news-release/2026/10/20/3384598/0/en/applied-ai-company-baba-raises-40-million-series-a-to-improve-the-medicare-experience.html