About Adonis
Adonis is a company based in Manhattan (United States) founded in 2022 by Aman Magoon and Akash Magoon. It operates as a SaaS (Software-as-a-Service), and HealthTech. Adonis has raised $53.9 million across 3 funding rounds from investors including Point72 Ventures, Kin Ventures and General Catalyst. Adonis offers products and services including AI Agents, Intelligence, and Orchestration. Adonis operates in a competitive market with competitors including R1 RCM, Access Healthcare, Infinx, Xifin and LOGEX, among others.
- Headquarter Manhattan, United States
- Founders Aman Magoon, Akash Magoon
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Adonis Technology, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$53.9 M (USD)
in 3 rounds
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Latest Funding Round
$31 M (USD), Series B
Jun 25, 2024
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Investors
Point72 Ventures
& 8 more
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Employee Count
Employee Count
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Products & Services of Adonis
Adonis offers a comprehensive portfolio of products and services, including AI Agents, Intelligence, and Orchestration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI agents are built to enhance RCM efficiency.
Intelligence platform is used for optimizing RCM performance.
Orchestration tool is designed to automate RCM processes.
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Funding Insights of Adonis
Adonis has successfully raised a total of $53.9M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $31 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $31.0M
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First Round
First Round
(14 Oct 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Adonis | Valuation | Point72 Ventures | |
| May, 2023 | Amount | Series A - Adonis | Valuation | General Catalyst | |
| Oct, 2022 | Amount | Seed - Adonis | Valuation | Bling Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adonis
Adonis has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Point72 Ventures, Kin Ventures and General Catalyst. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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Founded Year | Domain | Location | |
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Venture capital investments are made in technology-driven startups by Kin Ventures.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adonis
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adonis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adonis Comparisons
Competitors of Adonis
Adonis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as R1 RCM, Access Healthcare, Infinx, Xifin and LOGEX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Provider of revenue cycle management, BPO, IT, and finance and accounting services
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Healthcare financial management solutions are developed for institutions and physicians.
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| domain | founded_year | HQ Location |
Recovery solutions for government obligations are provided by Performant Financial.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adonis
Frequently Asked Questions about Adonis
When was Adonis founded?
Adonis was founded in 2022.
Where is Adonis located?
Adonis is headquartered in Manhattan, United States. It is registered at Manhattan, New York, United States.
Who is the current CEO of Adonis?
Akash Magoon is the current CEO of Adonis. They have also founded this company.
Is Adonis a funded company?
Adonis is a funded company, having raised a total of $53.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.6M, raised on Oct 14, 2022.
What does Adonis do?
Adonis is engaged in providing AI-powered solutions for healthcare revenue cycle management (RCM). The companys platform is designed to maximize collections, prevent denials, and streamline operations through intelligent automation. Services are tailored for various healthcare sectors, including physician group practices, hospitals, and digital health organizations. Solutions offered include AI Agents for task efficiency, Intelligence for predictive analytics, and Orchestration for coordinated automations. The platform is integrated with existing EHR and billing systems to deliver real-time insights. Adonis serves specialties such as orthopedics, gastroenterology, and emergency medicine, aiming to enhance financial outcomes and operational efficiency.
Who are the top competitors of Adonis?
Adonis's top competitors include R1 RCM, Access Healthcare and AKASA.
What products or services does Adonis offer?
Adonis offers AI Agents, Intelligence, and Orchestration.
Who are Adonis's investors?
Adonis has 9 investors. Key investors include Point72 Ventures, Kin Ventures, General Catalyst, Bling Capital, and Max Ventures.
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