BENGALURU: Healthtech unicorn Innovaccer has raised $150 million in a brand new spherical that values the corporate at $3.2 billion.
The spherical was led by Mubadala Capital, with participation from current buyers together with Microsoft’s M12 fund and Tiger International Administration, and new buyers. The funding brings Innovaccer’s complete capital raised to over $375 million.
Based in 2014 by Abhinav Shashank, Sandeep Gupta, and Kanav Hasija, its flagship platform Innovaccer Well being Cloud permits clients and companions to develop interoperable purposes that enhance affected person outcomes by reducing the prices considerably.
It counts Orlando Well being, MercyOne, and CommonSpirit Well being amongst its clients.
Innovaccer’s options have been deployed throughout greater than 1,000 care settings within the US, enabling greater than 37,000 suppliers to rework care supply and work collaboratively with payers and life sciences firms.
“Digital transformation within the healthcare ecosystem hasn’t saved tempo with different sectors like banking and transportation. Constructing a expertise cloud platform permits healthcare suppliers to drive a continuum of care proactively. The platform has assisted over 20 million sufferers and we at the moment are opening up the platform to extra individuals to develop healthcare applied sciences with use circumstances in distant affected person monitoring and diabetes administration,” stated Shashank, who can be CEO.
The corporate plans to make use of the brand new funds to construct a brand new portfolio of innovation accelerators. Sources informed TOI that the well being tech agency is at practically $100 million in ARR (annual recurring income).
The spherical was led by Mubadala Capital, with participation from current buyers together with Microsoft’s M12 fund and Tiger International Administration, and new buyers. The funding brings Innovaccer’s complete capital raised to over $375 million.
Based in 2014 by Abhinav Shashank, Sandeep Gupta, and Kanav Hasija, its flagship platform Innovaccer Well being Cloud permits clients and companions to develop interoperable purposes that enhance affected person outcomes by reducing the prices considerably.
It counts Orlando Well being, MercyOne, and CommonSpirit Well being amongst its clients.
Innovaccer’s options have been deployed throughout greater than 1,000 care settings within the US, enabling greater than 37,000 suppliers to rework care supply and work collaboratively with payers and life sciences firms.
“Digital transformation within the healthcare ecosystem hasn’t saved tempo with different sectors like banking and transportation. Constructing a expertise cloud platform permits healthcare suppliers to drive a continuum of care proactively. The platform has assisted over 20 million sufferers and we at the moment are opening up the platform to extra individuals to develop healthcare applied sciences with use circumstances in distant affected person monitoring and diabetes administration,” stated Shashank, who can be CEO.
The corporate plans to make use of the brand new funds to construct a brand new portfolio of innovation accelerators. Sources informed TOI that the well being tech agency is at practically $100 million in ARR (annual recurring income).
Supply: Times of India