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What You Should Know

• The Funding: New York-based Adonis, an AI orchestration platform for Revenue Cycle Management (RCM), has raised $40M in Series C funding. The round was led by Quadrille Capital, bringing the company’s total funding to over $95M since its founding in 2022.
• The Financial Velocity: Adonis is scaling rapidly. The company reported achieving more than 4x revenue growth in 2025 and an impressive net retention rate above 130%.
• The Market Crisis: The healthcare reimbursement landscape is currently chaotic. Recent policy shifts (like the passage of the One Big Beautiful Bill) have altered Medicaid and ACA subsidies, increasing the uninsured population and drastically complicating payer rules. This is driving a massive spike in claim denial rates for hospitals.
• The Tech Solution: Traditional RCM processes can cost providers up to 15% of their potential revenue due to inefficiency. Adonis utilizes “AI Agents” to proactively monitor claims, detect vulnerabilities, recommend tailored actions, and autonomously progress claims to resolution without requiring human intervention for every step.
• The Enterprise Validation: Major health systems are actively deploying the platform. Mount Sinai Health System is utilizing Adonis to intelligently identify and prioritize critical billing exceptions, allowing their RCM teams to focus exclusively on high-impact financial opportunities rather than basic administrative rework.