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It is an extraordinary amount of money at an extraordinary time.

Devoted Health, a startup using technology to provide better care for older Americans, raked in $1.23 billion in Series D funding, the company said Friday, marking a record haul for a health tech business and one of the largest sums raised by any venture at such an early stage. The company is now valued at about $12.7 billion and planning to expand its services nationwide.

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