11 August 2016, USA :
Silicon Valley based big data startup Innovaccer announced today a whopping $15.6 Million Series A funding led by Westbridge Capital Partners with participation by other angel investors.
Innovaccer has raised 2.5 Million to date with prior investors including 500 Startups, Six Sigma Academy and Start Smart Labs.
“Real time data integration, access, interoperable exchange, and advanced analytics can be a game changer in healthcare and can result in huge outcomes,” said Abhinav, Co-founder and CEO of Innovaccer.
“We were truly impressed with the team’s capabilities to deploy extremely complex use cases with high quality and tremendous speed. The customer love that they have been able to generate is phenomenal,” said Sumir Chadha, Managing Director of Westbridge who will be joining the board of the company.
The company will use this round of funding to accelerate its footprint in healthcare. With the increased focus by providers and payers alike to reduce the inefficiencies in the current healthcare systems. It wishes to bring cutting edge big data technologies and algorithms to help offer better outcomes at lower costs.