Aiming to aggressively disrupt healthcare IT by leveraging big data, Innovacer has raised $15.6 million in Series A funding led by Westbridge Capital Partners with participation by other angel investors.
As per the deal, Sumir Chadha, Managing Director of Westbridge will join the board of the company.
Abhinav Shashank, the co-founder and CEO of Innovaccer, “Real time data integration, access, interoperable exchange, and advanced analytics can be a game changer in healthcare and can result in huge outcomes.”
Headquartered in the Silicon Valley and with offices in Palo Alto and New Delhi, InnovAccer creates products that transform the way organizations use data. They accelerate innovation through the power of data.
As per the sources from the startup, the company will use this funding to accelerate its footprint in healthcare. With increased focus by providers and payers alike, to reduce inefficiencies in current healthcare systems, Innovaccer wants to bring cutting edge Big Data technologies and algorithms to help offer better outcomes at lower costs.
Some of their customers are Mercy ACO, Groupon, United Nations, Harvard, Global Entrepreneurship Monitor (GEM), MIT, Wharton, London Business School, J-PAL.
Founded in 2012 by Kanav Hasija and Sandeep Gupta, their products and services are deployed at hospitals, accountable care organizations (ACO), health information exchange (HIE), critical government, commercial, and non-profit institutions around the world to solve sophisticated and world changing problems.
Adding to this, Sandeep Gupta, co-founder and Chief Revenue Officer, added, “With the fund raise, we should be able to aggressively disrupt healthcare IT by leveraging Big Data, Machine Learning and automation to deliver better care at reduced costs.”
