Healthcare Data Platform Innovaccer Raises $25m

In the US, healthcare data platform Innovaccer has raised $25m in a Series B round of funding, which it will use to extend machine learning and other capabilities, while building a set of new patient engagement apps.

Founded in 2014 and based in San Francisco, Innovaccer combines uses analytics to help clients uncover insights and make predictions. The InData platform ingests, normalizes and manages millions of patient records, combining them with the firm's apps including InCare, for care coordination, InSight, for analytics, and InAssist, for point-of-care notifications.

New funding was led by Westbridge Capital, with participation from Lightspeed Ventures, and brings the total capital raised by Innovaccer to $41m. Some of the new funding will be invested in building a set of new patient engagement applications and platform capabilities for partners to access and build upon InData. CEO Abhinav Shashank (pictured) comments: 'We believe that by creating, and sharing, the world's leading healthcare data platform, we can drive a level of transparency and interoperability that has remained out of reach to date. This latest investment fuels our mission to unlock the potential of data for everyone in the healthcare ecosystem to drive improved outcomes and cost savings'.

Web site: www.innovaccer.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.