Adonis

Who founded Adonis, and who has funded it?

Pulse 2 reports that brothers Akash Magoon (CEO) and Aman Magoon (CPO) founded it in 2022. The vendor homepage states no headquarters. A Pulse 2 interview puts the office on the 50th floor of 3 World Trade Center, and MedCity says only "New York-based".

The $40M Series C closed on March 25, 2026, led by Quadrille Capital with General Catalyst and Bling Capital, and MedCity puts total funding at "more than $95 million". No customer count is given. MedCity and Pulse 2 report 4x revenue growth in 2025 and net retention above 130%, both company-stated.

How does the vendor describe the product?

Three pillars appear on the homepage. AI Agents are described as context-aware agents for revenue cycle work, such as researching denials and preparing appeals. Intelligence, according to the homepage and a customer testimonial, sets an expected-reimbursement baseline, flags underpayments, denials and stalled claims, clusters denials and feeds Smart Worklists and dashboards. Orchestration coordinates automations across those workflows, per the vendor.

Which platforms does it work with?

The partners page lists AdvancedMD, athenahealth, Epic, ModMed, NextGen Healthcare, Availity, Canvas, Change Healthcare and Office Ally, without an integration count.

The privacy and security page describes encryption in transit and at rest, regular audits and penetration tests, AWS hosting, continuous monitoring and HIPAA training. HIPAA and AICPA badges appear on the site, and the page text does not give a SOC 2 report type. A trust center at trust.adonis.io is not reviewed here.

What do the case studies show?

Three customers are quoted by the vendor. ApolloMD reports a 67% reduction in denials, Allied Digestive Health a 4.5x first-year return and Fox Valley Orthopedics nearly $200,000 recouped. Metrics are undefined, and baselines and periods are not given. ApolloMD's COO, Amy Katnik, is quoted on the vendor's site.

The verdict

Adonis fits a revenue cycle group that already works denials in athenahealth, Epic, NextGen or another listed system and wants agents to prepare appeals. The homepage offers a demo request with no price beside it, and the three case studies are the only quantified customer outcomes.