Innovaccer Raises $275M in Series F Funding to Expand AI-Powered Healthcare Solutions
Innovaccer supports over 130 leading healthcare organizations, driving market leadership in population health, data management, and AI.
Company Name: Innovaccer Inc.
Location: San Francisco, CA
Industry: Healthcare AI
Funding Details:
Amount: $275M (Series F, combination of primary and secondary)
Investors: B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, M12
Purpose of Investment:
The funds will accelerate Innovaccer’s efforts to:
- Expand collaboration with existing customers
- Introduce new AI and cloud capabilities
- Scale a developer ecosystem on its platform
- Launch new copilots and agents, including:
- Utilization Management
- Prior Authorization
- Clinical Decision Support
- Clinical Documentation
- Care Management
- Contact Center
Leadership:
CEO: Abhinav Shashank
Product:
Innovaccer provides a comprehensive suite of AI-powered software solutions designed to:
- Enable value-based care programs
- Modernize the patient experience
- Reduce administrative burdens for providers
The platform has achieved Best-in-KLAS recognition in multiple categories, including Data and Analytics, Population Health Management, and CRM.
About the Company:
Innovaccer serves 6 of the top 10 U.S. health systems and has expanded its public sector partnerships with San Mateo County and Alameda County. Its platform supports over 130 leading healthcare organizations, driving market leadership in population health, data management, and AI.
With 50% year-over-year revenue growth for the past five years and a total of $675M in funding raised to date, Innovaccer continues to transform healthcare through AI-driven solutions that enhance operational efficiency and patient outcomes.
