Adonis was founded in 2022 by Akash Magoon and Aman Magoon to modernize healthcare revenue cycle management (RCM), the complex set of processes by which providers get paid for the care they deliver. Traditional RCM is reactive and labor-intensive: billing teams discover denials and payment delays only after the fact and then scramble to appeal and rework claims. Adonis flips this model by using AI to proactively surface revenue risks, monitor denials and accounts receivable in real time, and automate the workflows needed to prevent and resolve payment problems.
The Adonis platform is built around three core capabilities. Intelligence continuously monitors denials, accounts receivable, and payer behavior to identify where revenue is at risk. AI Agents automate high-friction tasks such as claim follow-up, eligibility checks, and denial resolution that would otherwise consume large billing teams. Orchestration ties insights and automations together into coordinated workflows, ensuring that the right action is taken at the right time across the revenue cycle.
By combining proactive intelligence with autonomous execution, Adonis helps providers reduce denials, accelerate reimbursement, and improve overall financial performance. Customers report strong results, including significant denial reductions and multiple-times return on investment within the first year. This outcomes-driven value proposition has fueled rapid commercial growth, with the company reporting more than 4x revenue growth in 2025 and net revenue retention above 130%.
Adonis has raised over $95 million since its founding. In March 2026 it announced a $40 million Series C led by Quadrille Capital, with support from existing investors General Catalyst and Bling Capital. The capital funds continued investment in its AI agents and orchestration platform and expansion across the provider market.
Led by co-founder and CEO Akash Magoon, Adonis is positioned within the growing wave of AI-native revenue cycle companies seeking to replace manual, reactive billing operations with proactive, agent-driven automation.