About Innovaccer
Innovaccer is a company based in San Francisco (United States) founded in 2014 by Abhinav Shashank, Sandeep Gupta, and Kanav Hasija.. Innovaccer has raised $378.6 million across 9 funding rounds from investors including Kaiser Permanente, Banner MD Anderson Cancer Center and Danaher. Innovaccer has completed 3 acquisitions, including Cured, Humbi and PQS. Innovaccer offers products and services including Healthcare Intelligence Cloud, Data Activation Platform, and Sara AI. Innovaccer operates in a competitive market with competitors including Change Healthcare, Health Catalyst, CitiusTech, CompuGroup Medical and Azalea Health, among others.
- Headquarter San Francisco, United States
- Founders Abhinav Shashank, Sandeep Gupta, Kanav Hasija
- Stage Unicorn
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Innovaccer, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$378.6 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Kaiser Permanente
& 27 more
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Employee Count
Employee Count
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Investments & Acquisitions
Cured
& 2 more
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Products & Services of Innovaccer
Innovaccer offers a comprehensive portfolio of products and services, including Healthcare Intelligence Cloud, Data Activation Platform, and Sara AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI platform for healthcare data integration and analytics.
System for unifying and processing healthcare data streams.
AI agents that automate tasks in healthcare workflows.
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Software Development Team
147 people
Product Management Team
41 people
Sales and Marketing
39 people
Leadership Team
38 people
Operations Team
14 people
Human Resources and Administration
11 people
Senior Team
10 people
Legal and Compliance
9 people
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Funding Insights of Innovaccer
Innovaccer has successfully raised a total of $378.6M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
- First Round First Round
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Series F - Innovaccer | Valuation |
investors |
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| Dec, 2021 | Amount | Series E - Innovaccer | Valuation | Schonfeld , Whale Rock Capital Management | |
| Feb, 2021 | Amount | Series D - Innovaccer | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Innovaccer
Innovaccer has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Kaiser Permanente, Banner MD Anderson Cancer Center and Danaher. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multistage investments are directed toward technology, healthcare, and climate sectors.
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Founded Year | Domain | Location | |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Innovaccer
Innovaccer has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Cured, Humbi and PQS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Digital marketing tools are offered to healthcare professionals.
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2018 | ||||
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Medical equipment management services are provided to healthcare organizations.
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2013 | ||||
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Healthcare outcomes are enhanced via data-driven insights for organizations.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Innovaccer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innovaccer Comparisons
Competitors of Innovaccer
Innovaccer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Change Healthcare, Health Catalyst, CitiusTech, CompuGroup Medical and Azalea Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based solutions are delivered for healthcare payers, providers, and patients.
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| domain | founded_year | HQ Location |
Cloud-based data analytics are provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Provider of AI solutions for clinical, operational, and business outcomes
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| domain | founded_year | HQ Location |
Suite of practice management, reimbursement, laboratory and analytics solutions to healthcare providers
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| domain | founded_year | HQ Location |
EHR Platform with integrated Telehealth, Mobile health and RCM solutions for healthcare providers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innovaccer
Frequently Asked Questions about Innovaccer
When was Innovaccer founded?
Innovaccer was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Innovaccer located?
Innovaccer is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Innovaccer?
Abhinav Shashank is the current CEO of Innovaccer. They have also founded this company.
Is Innovaccer a funded company?
Innovaccer is a funded company, having raised a total of $378.6M across 9 funding rounds to date. The company's 1st funding round was a Series D of $105M, raised on Jan 27, 2015.
What does Innovaccer do?
Provider of an AI-powered cloud platform for healthcare performance improvement. The platform offers data activation, AI engine, and applications for value-based care, population health, and provider engagement. It integrates with existing EHR systems to unify patient and provider data. The platform aims to improve patient outcomes and reduce administrative burdens.
Who are the top competitors of Innovaccer?
Innovaccer's top competitors include Change Healthcare, IKS Health and HealthEdge.
What products or services does Innovaccer offer?
Innovaccer offers Healthcare Intelligence Cloud, Data Activation Platform, and Sara AI.
How many acquisitions has Innovaccer made?
Who are Innovaccer's investors?
Innovaccer has 28 investors. Key investors include Kaiser Permanente, Banner MD Anderson Cancer Center, Danaher, WestBridge Capital, and Mubadala.
What is Innovaccer's valuation?
The valuation of Innovaccer is $3.2B as of Dec 2021.
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