Baba Raises $40 Million for AI Medicare and Medicaid Care

Baba, an applied AI company for Medicare and Medicaid patients, raised $40 million in a Series A round, Fierce Healthcare reported. FirstMark led the round, with CVS Health Ventures and Valtruis joining and General Catalyst, Genius Ventures and Ground Up Ventures returning.

Founded in 2025, Baba connects patients to care teams, including care coordinators and licensed therapists. Its executives say it supports more than 10,000 patients and has 100,000 families on its waiting list. The Centers for Medicare and Medicaid Services selected Baba for its 10-year ACCESS model. The company will use the money for research, more health plan partnerships and value-based contracts.