Healthcare AI firm Innovaccer on Thursday raised $275 million in a Collection F funding spherical.
CapTable reported this completely in April final yr.
The fundraise, which was a mix of major and secondary providing, included participation from B Capital Group, Banner Well being, Danaher Ventures LLC, Technology Funding Administration, Kaiser Permanente, and M12.
Based on the corporate, the newly raised funds can be used to broaden collaborations with its present buyer base, introduce new synthetic intelligence and cloud capabilities in addition to scaling its developed ecosystem on the platform.
Innovaccer can be planning so as to add a number of copilots and brokers to its providing together with utilisation administration, scientific determination assist, and care administration, amongst others.
“This funding propels us into the subsequent chapter of remodeling healthcare with AI. By harnessing the total potential of synthetic intelligence, we’re empowering our clients to redefine care supply, unlock unprecedented insights, and obtain outcomes that actually matter. Collectively, we’re constructing the inspiration for a wiser, extra related healthcare future,” stated Sandeep Gupta, Co-founder and COO of Innovaccer.
Based in 2014, the corporate helps healthcare organisations by offering software program options suite to assist modernise affected person experiences and scale back the executive burden on suppliers.
The Tiger World-backed firm beforehand raised $150 million in a Collection E funding spherical in December 2021. Based on the CapTable report, the startup was beforehand valued at over $3.2 billion.
The Silicon Valley-based startup has raised a complete of $675 million so far.
Over the previous yr, the corporate additionally acquired two corporations: Cured and Pharmacy High quality Options.
The funding additionally comes amidst a flush of investments being made to combine synthetic intelligence within the healthcare sector. In 2024, in keeping with a report by Silicon Valley Financial institution, the sector was projected to see $11.1 billion in VC capital deployed throughout the total yr.
