Innovaccer is a leading healthcare AI company simplifying healthcare through data. Its platform unifies fragmented systems into a single framework, transforming unstructured data into actionable insights. By addressing inefficiencies and enabling real-time decision-making, Innovaccer empowers healthcare organizations to enhance collaboration, streamline operations, and deliver superior patient outcomes.
Innovaccer has raised $275 million in a Series F funding round. The new round was a combination of primary and secondary and included participation from B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12. Innovaccer intends to use this investment to enhance collaboration with current customers, launch new AI and cloud features, and grow its developer ecosystem. The company aims to expand its offerings with additional tools like utilization management, prior authorization, clinical decision support, care management, and contact center solutions.
Innovaccer, San Francisco, California, United States, was founded in 2014 by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta. In 2021, the company joined the unicorn club. Innovaccer operates primarily in the United States and India, with a growing presence in global markets adopting digital healthcare and value-based care models. "Innovaccer is dedicated to transforming healthcare through data-driven insights and cutting-edge AI technology. We are grateful for the confidence our investors have in our vision and capabilities. This funding will enable us to push the boundaries of what’s possible in healthcare AI," said Abhinav Shashank, Co-founder and CEO of Innovaccer. "Our goal is to make healthcare more proactive, predictive, and personalized."
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