DUOS Secures $130M to Expand Senior-Focused AI Healthcare Platform Across U.S.

DUOS, a Minneapolis-based digital health company specializing in senior care navigation, has raised $130 million in strategic growth equity funding to advance its AI-powered healthcare platform. The investment round was led by FTV Capital, with participation from existing investor Forerunner Ventures. In conjunction with the funding, DUOS promoted Jenn Kerfoot to president of market operations.

Founded in 2020, DUOS provides a technology-driven solution for Medicare Advantage members, helping them better understand and manage their healthcare benefits. The platform uses artificial intelligence to assess social determinants of health and guide older adults through the complexities of care coordination and benefit utilization. It also supports employers by simplifying the communication of healthcare resources and benefits to aging employees.

The new funding will enable DUOS to expand its technology and operational footprint across Medicaid, Medicare Advantage, and ACA marketplace plans in the U.S. The company plans to enhance its AI capabilities to improve member engagement, care access, and overall health outcomes.

“At FTV, we’ve spent decades investing in healthcare innovation, and DUOS stands out for leveraging AI to build the critical infrastructure health plans need to operate efficiently and improve member outcomes at scale,” said Alex Mason, partner at FTV Capital. “We’re thrilled to support the company in building on its impressive momentum and driving the platform’s continued expansion.”

This latest round marks a major leap for DUOS, which previously raised over $33 million through multiple funding rounds, including $10 million in 2023, $15 million in Series A funding in 2022, and $6 million in seed capital in 2021.

The senior care technology space has seen significant investment momentum. The Helper Bees, which focuses on enabling older adults to live independently, raised $35 million in Series C funding earlier this year. SafelyYou, an AI-based fall detection company, secured $43 million in a Series C round in January. Additionally, Tombot, a California robotics firm producing therapeutic robotic pets, closed a $6.1 million oversubscribed Series A round.

Together, these developments underscore a growing trend toward technology-driven solutions aimed at supporting aging populations and improving care delivery in the senior health sector.

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