Devoted Health is raising a new round of funding at a $25 billion valuation

Devoted Health is the latest startup to show that combining wellness and AI commands a premium valuation.

Just months aft announcing a caller information of funding, the Medicare Advantage startup is successful talks to raise different information that could worth the institution astatine $25 billion, according to sources acquainted pinch the matter.

That's a jump from the company's $16 cardinal valuation successful a backing information raised earlier this year, according to sources.

Devoted Health, which is based successful Waltham, Massachusetts, was founded successful 2017 by brothers and erstwhile healthcare executives Ed and Todd Park. The startup combines wellness security and aesculapian attraction for aged group enrolled successful the Medicare Advantage market. The company's proprietary AI tool, Orinoco, helps coordinate aesculapian attraction for members.

Ed Park was antecedently the COO of athenahealth, and Todd Park was the main exertion serviceman of the United States successful the Obama administration.

"We do not remark connected our superior raising activity," said a institution spokesperson.

The fundraising reflects increasing investor enthusiasm for healthcare companies that usage AI to amended some diligent attraction and the economics of medicine. The back-to-back rounds could besides awesome investor assurance successful Devoted's expertise to standard successful 1 of healthcare's largest and fastest-growing markets. Medicare Advantage has go a battleground for some incumbent insurers and venture-backed startups.

Medicare Advantage is the private alternative to the accepted Medicare programme that provides wellness sum to group 65 and older and group pinch disabilities. The programme has grown quickly complete the past decade, pinch enrollment much than doubling. That roar has attracted some security giants and venture-backed startups eager to pat into the hundreds of billions of dollars the national authorities spends connected the programme annually.

Devoted generates gross chiefly done government-funded Medicare Advantage premiums, making it portion insurer and portion healthcare provider. The institution had 466,000 members arsenic of January 2026, a year-over-year summation of 121%.

Devoted Health's investors see Andreessen Horowitz, Venrock, General Catalyst, Iconiq, and Emerson Collective, according to PitchBook.