Startup: Innovaccer

Innovaccer is a healthcare AI company that provides software solutions designed to modernize patient experiences and reduce administrative burdens for healthcare providers. The company previously raised $150 million in a Series E round in December 2021, achieving a valuation of over $3.2 billion.

Established Year: 2014

Sector: Healthtech

Funding Round: Series F

Funding News: Healthcare AI firm ‘Innovaccer’ raises $275 million in a Series F

Investors: B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12.

The company stated that the funds would be utilized to deepen partnerships with existing customers, introduce advanced artificial intelligence and cloud capabilities, & scale its comprehensive ecosystem. It also plans to enhance its offerings with new AI-driven copilots and agents, including tools for utilization management, clinical decision support, and care management.

“This investment accelerates our mission to revolutionize healthcare with AI. By leveraging its full potential, we empower our customers to redefine care delivery, gain unparalleled insights, and achieve meaningful outcomes. Together, we are shaping a smarter, more connected healthcare future,” said Sandeep Gupta, Co-founder and COO of Innovaccer.

Rishab Mehta, CEO of GrayQuest, explained, “The main goal of the company is to simplify and digitize the fee payment process, making it more efficient for educational institutions while also offering a convenient and easy way for parents to make payments.”

Read More News :

The Week that Was: Indian Startup News Overview (30th December - 3rd January)

The Week that Was: Indian Startup News Overview (16th December - 20th December)