About Inovalon
Inovalon is a company based in Bowie (United States) founded in 1998 was acquired by Nordic Capital in August 2021.. The company has 334 employees as of April 05, 2024. Inovalon has completed 4 acquisitions, including ABILITY, Avalere Health and ComplexCare Solutions. Inovalon offers products and services including Inovalon ONE® Platform, Data Cloud, Payer Cloud, and Provider Cloud. Inovalon operates in a competitive market with competitors including Change Healthcare, Innovaccer, Zelis Healthcare, HealthEdge and Alegeus, among others.
- Headquarter Bowie, United States
- Employees 334 as on 05 Apr, 2024
- Stage Public
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Sectors
Healthcare
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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 Inovalon India Private Limited
- Date of Incorporation 12 Feb, 2022
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$9.28 M (USD)0as on Mar 31, 2023
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Net Profit
$894.61 K (USD)0as on Mar 31, 2023
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EBITDA
$1.21 M (USD)0as on Mar 31, 2023
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Latest Funding Round
$1.08 B (USD), Debt – Conventional
Apr 19, 2018
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Investors
Insight Partners
& 2 more
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Employee Count
334
as on Apr 05, 2024
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Investments & Acquisitions
ABILITY
& 3 more
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Acquired by
Nordic Capital
(Aug 19, 2021)
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Products & Services of Inovalon
Inovalon offers a comprehensive portfolio of products and services, including Inovalon ONE® Platform, Data Cloud, Payer Cloud, and Provider Cloud. 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.
Cloud-based system for healthcare data integration and advanced analytics
Platform for real-time data exchange in clinical and commercial analytics
Tools for quality measurement and health equity analytics in healthcare
Solutions for claims management and workforce optimization services
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Sales and Marketing
21 people
Leadership Team
13 people
Software Development Team
8 people
Product Management Team
7 people
Finance and Accounting
7 people
Data Analysis and Operations Team
5 people
Legal and Compliance
4 people
Corporate Team
3 people
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Funding Insights of Inovalon
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $1.1B
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First Round
First Round
(02 Apr 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Debt – Conventional - Inovalon | Valuation |
investors |
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| Apr, 2018 | Amount | Post-IPO - Inovalon | Valuation |
investors |
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| 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 |
Investors in Inovalon
Inovalon has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Insight Partners, Nordic Capital and 22C Capital. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Capital and resources are delivered to technology and data-focused companies.
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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 Inovalon
Inovalon has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include ABILITY, Avalere Health and ComplexCare Solutions. 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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Care management services
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2010 | ||||
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Provider of hospital information management system for clinical facilities and life sciences
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2001 | ||||
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Insurance claims and revenue cycle management solutions insurance industry and healthcare provider
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2000 |
| 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 - Inovalon
| 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 |
Inovalon Comparisons
Competitors of Inovalon
Inovalon 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, Innovaccer, Zelis Healthcare, HealthEdge and Alegeus, 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 |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers are provided.
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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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 Inovalon
Frequently Asked Questions about Inovalon
When was Inovalon founded?
Inovalon was founded in 1998 and raised its 1st funding round 20 years after it was founded.
Where is Inovalon located?
Inovalon is headquartered in Bowie, United States. It is registered at Bowie, Maryland, United States.
How many employees does Inovalon have?
As of Apr 05, 2024, the latest employee count at Inovalon is 334.
What is the annual revenue of Inovalon?
Annual revenue of Inovalon is $9.28M as on Mar 31, 2023.
What does Inovalon do?
Inovalon was founded in 1998 and is headquartered in Bowie, United States. A cloud-based platform for data analytics is operated, focusing on the healthcare sector. Services for payers encompass quality measurement, reporting, clinical data extraction, risk analytics, and patient assessments. Solutions are also extended to providers, pharmacies, and life sciences, supporting operational and compliance needs across the industry.
Who are the top competitors of Inovalon?
Inovalon's top competitors include Change Healthcare, HealthEdge and Innovaccer.
What products or services does Inovalon offer?
Inovalon offers Inovalon ONE® Platform, Data Cloud, Payer Cloud, and Provider Cloud.
How many acquisitions has Inovalon made?
Inovalon has made 4 acquisitions, including ABILITY, Avalere Health, and ComplexCare Solutions.
Who are Inovalon's investors?
Inovalon has 3 investors. Key investors include Insight Partners, Nordic Capital, and 22C Capital.