Innovaccer, Inc.
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Innovaccer, Inc. - overview
Established
2014
Location
San Francisco, CA, US
Primary Industry
Healthcare IT
About
Based in California, US, and founded in 2014 by Abhinav Shashank (CEO), Kanav Hasija and Sandeep Gupta, Innovaccer, Inc. is a healthcare technology company that helps connect the care ecosystem with the Innovaccer Health cloud that improves efficiencies for healthcare providers, payers, and others across the care ecosystem. In January 2025, Innovaccer, Inc. raised USD 275 million in series F funding from Danaher Corporation, Generation Investment Management, Kaiser Permanente, B Capital Group and M12.
The series F funding values Innovaccer, Inc. at USD 3. 49 billion post-money. The company provides a data activation platform, application suite, and Innovaccer toolkit and ensures solutions for healthcare providers, payers, life sciences, and employers.
The company’s data activation platform brings together patient records and uses artificial intelligence and analytics to simplify repetitive workflows and make whole-person treatment more available. The company’s Innovaccer Health Cloud combines the integrated data activation platform and application suite with a comprehensive collection of platform resources and tools that allows customers and third-party developers to quickly build interoperable applications that use centralized patient records to enhance patient care and reduce costs. Innovaccer generates revenue by offering AI-powered healthcare solutions that streamline operations and improve outcomes. Its key revenue streams include value-based care enablement, revenue cycle management automation, AI workforce tools for administrative tasks, and data activation platforms that deliver actionable insights to providers, payers, and government organizations.
The company plans to utilize the January 2025 funding to develop its artificial intelligence healthcare platform.
Current Investors
Lightspeed Venture Partners, WestBridge Capital Partners, Pravega Ventures
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Medical Software, Application Integration Software, Analytics & Performance Software
Website
www.innovaccer.com/
Verticals
Artificial Intelligence, Cloud Computing, HealthTech
Company Stage
Series F
Total Amount Raised
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Innovaccer, Inc. - employee data
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