Innovaccer, founded in 2014 by Abhinav Shashank, Kanav Hasija and Sandeep Gupta, is a San Francisco-based (United States) healthcare analytics and big-data platform company. Employing around 1,150 people as of August 31 2025, it develops a unified data activation and AI engine for providers, payers and life-sciences firms.
Innovaccer aggregates disparate data sources into actionable insights and offers solutions for value-based care, population health management, referral and care management, financial performance and provider engagement in a high-growth healthcare intelligence market.
What Is Innovaccer and What Does It Do?
Innovaccer, founded in 2014 by Abhinav Shashank, Kanav Hasija and Sandeep Gupta, is a San Francisco-based (United States) healthcare-tech company. Employing around 1,150 people as of August 31 2025. The company develops a healthcare intelligence platform that unifies fragmented data sources across providers, payers and life-sciences firms, using its Data Activation Platform and AI engine to deliver applications in value-based care, population health, referral management, care-management, and financial performance analysis. The technology enables healthcare organisations to aggregate multiple data systems, activate the insights and deploy applications for improved outcomes and operational efficiency in a data-driven healthcare environment.
How Much Funding Has Innovaccer Raised?
1. Seed Round
- Amount Raised: $2.5 M
- Date: May 2015
- Lead Investors: Start Smart Labs, 500 Startups
- Motivation: To launch the initial platform and build early data infrastructure.
2. Series A
- Amount Raised: $15.6 M
- Date: August 2016
- Lead Investors: WestBridge Capital
- Motivation: To expand product development and enter healthcare market.
3. Series B
- Amount Raised: $25 M
- Date: May 2018
- Lead Investors: Lightspeed, WestBridge Capital
- Motivation: To scale operations, build out customer base and market reach.
4. Series C
- Amount Raised: $70 M
- Date: February 2020
- Lead Investors: Steadview Capital, M12 (Microsoft’s VC)
- Motivation: To accelerate AI capability and deepen healthcare application set.
5. Series D
- Amount Raised: $105 M
- Date: February 2021
- Lead Investors: Tiger Global Management
- Motivation: To propel growth, scale operations and expand market footprint.
6. Series E
- Amount Raised: $150 M
- Date: December 2021
- Lead Investors: Mubadala Capital Ventures
- Motivation: To scale platform, increase addressable market and strengthen infrastructure.
7. Series F
- Amount Raised: $275 M
- Date: January 2025
- Lead Investors: B Capital Group, Banner Health, Danaher Ventures, Generation Investment Management, Kaiser Permanente, M12
- Motivation: To build out AI-cloud capabilities, scale developer ecosystem, and position for global growth.
Total Funding Raised: $675 Million
Current Valuation: $3.45 Billion (as of Jan 2025)
Latest Funding Date: January 2025
Key Investors
1. Dragoneer Investment Group
- Details: Growth-stage investment firm specialising in long-term tech bets.
- Investment Focus Areas: Healthcare technology, enterprise SaaS, data infrastructure.
- Notable Investments: Innovaccer, other healthcare & enterprise companies.
2. WestBridge Capital
- Details: India-based private equity / venture capital firm backing high-growth tech and healthcare companies.
- Investment Focus Areas: Emerging markets, technology in India and US, healthtech.
- Notable Investments: Innovaccer, other early-stage tech across India-US.
3. B Capital Group
- Details: Global venture capital firm investing in technology, cloud, data & AI across sectors.
- Investment Focus Areas: AI infrastructure, healthcare analytics, enterprise software.
- Notable Investments: Innovaccer (Series F), other AI/healthtech companies.
4. Mubadala Capital Ventures
- Details: Venture arm of Mubadala Investment Company (UAE), investing in global tech growth companies.
- Investment Focus Areas: Technology, healthcare, deep tech.
- Notable Investments: Innovaccer (Series E), other international tech firms.
5. Tiger Global Management
- Details: Leading global investment firm participating in both early and growth-stage technology companies.
- Investment Focus Areas: Enterprise software, internet, data and analytics companies.
- Notable Investments: Innovaccer (Series D), many other large-scale tech companies.
Where Is Innovaccer’s Headquarters?
Innovaccer is headquartered in San Francisco, United States. Being located in the San Francisco Bay Area offers proximity to major healthcare systems, technology talent, AI/cloud infrastructure and venture capital.
What’s Next for Innovaccer?
Innovaccer now aims to expand its platform globally, deepen its AI co-pilot and agent offerings (such as for prior authorisation, clinical documentation, utilization management), and build a developer ecosystem for healthcare applications.
With $275M in its Series F and a valuation of approximately $3.45B, the company is positioned to scale into international markets, expand its verticals (payer, provider, and life sciences), and pursue strategic acquisitions.
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