Innovaccer

Innovaccer

Cloud-based data analytics platform for healthcare providers and payers

Founded

2014

Headquarters

San Francisco (United States)

Status

Series F

Company Details

Website

Socials

Email

Phone

+1-5103278900

Innovaccer is a leading global healthtech company specializing in healthcare data integration, analytics and AI-powered solutions that drive value-based care. Innovaccer is headquartered in San Francisco, California, with major offices in India (Noida, Bengaluru) and Abu Dhabi. The company’s primary markets include the United States, where it serves over 130 prominent healthcare organizations—including six of the top 10 health systems—alongside growing international expansion.

Products & Services

Innovaccer offers a cloud-based healthcare data platform that unifies patient information from multiple sources. Its AI-powered analytics help providers and payers identify care gaps, manage populations, and optimize workflows. The company provides care management tools, physician workflow integrations, patient engagement solutions and seamless interoperability with existing healthcare systems—enabling improved outcomes, efficiency and value-based care delivery.

Business Model & Revenue Streams

  • Subscription Fees: Recurring revenue from healthcare organizations subscribing to the Innovaccer Healthcare Data Activation Platform and its modular analytics tools.

  • Custom Analytics & Consulting Services: Revenue from bespoke analytics projects, consulting and implementation services for healthcare clients seeking tailored solutions.

  • Training & Support Services: Fees for onboarding, user training and ongoing technical support to optimize platform usage and client success.

  • Licensing Fees: Licensing of proprietary algorithms, software modules and data models to healthcare organizations and partners.

  • Professional Services: Additional revenue from integration, data migration and workflow customization for large-scale deployments.

Customer Segmentation

  • Healthcare Providers: Hospitals, health systems, physician networks and clinics seeking unified data and analytics for better care coordination and outcomes.

  • Healthcare Payers: Insurance companies and managed care organizations using Innovaccer for analytics, claims management, and value-based care.

  • Public Sector & Life Sciences: Government agencies and pharmaceutical companies leveraging the platform for population health and researc.

  • Healthcare IT Professionals: Teams responsible for technology integration and data management across healthcare enterprises.

Growth Strategy

  • Product Innovation: Continual investment in AI, machine learning and new platform modules (e.g., AI medical scribes, prior authorization tools) to address evolving healthcare needs.

  • Market Expansion: Scaling presence in the US, India and Middle East; targeting large health systems, payers and public health organizations.

  • Strategic Partnerships: Collaborating with major healthcare providers, technology companies and government agencies to expand reach and capabilities.

  • Customer Success Focus: Prioritizing client outcomes and satisfaction to drive retention, referrals and long-term growth.

  • Talent & R&D: Investing in top talent and research to maintain a leadership position in healthcare data analytics and A.

Key People

Abhinav Shashank

Kanav Hasija

Sachin Jaiswal

Key Metrics

Total Equity Funding

$675 million

No. of Funding Rounds

9

Latest Funding Round

-, Series F

as of January 9, 2025

Post Money Valuation

$3.45 billion

as of N/A

Funding Multiple

5.11

as of N/A

Investors

WestBridge Capital

and 5 more

Employee Count

1492

Similar Companies

N/A

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 9, 2025Series F---- B Capital, Generation Investment Management, M12 , Banner MD Anderson Cancer Center, Kaiser Permanente, Danaher
December 14, 2021Series E$150.0Million$3.2Billion$32.9Million93.8xSchonfeld, B Capital, M12, OMERS Growth Equity, Dragoneer Investment Group, Tiger Global Management, Avidity Partners ,Whale Rock Capital Management, Mubadala, Steadview
February 19, 2021Series D$105.0Million$1.3Billion$19.2Million60.4xTiger Global Management, Dragoneer Investment Group, M12, OMERS, B Capital ,Steadview, Mubadala
October 8, 2019Series C$70.0Million-$13.5MillionTiger Global Management, Dragoneer Investment Group, WestBridge Capital, M12
January 16, 2019Series B$10.0Million-$9.0Million M12, WestBridge Capital, Lightspeed India
May 9, 2018Series B$25.0Million-$6.4Million WestBridge Capital, M12, Lightspeed India, Agile Equity
July 13, 2016$15.6Million--$1.8MillionWestBridge Capital, Pravega Ventures
May 13, 2015Seed$3.0Million-- 500 Global, Start Smart Labs
January 27, 2015Undisclosed--- 500 Global

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