SAN FRANCISCO — Innovaccer, a big data startup based in Palo Alto, has closed a $15.6 Million Series A round 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. 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, Innovaccer wants to bring cutting edge big data technologies and algorithms to help offer better outcomes at lower costs.
With its platform, Datashop, the company promises business users one of the first end-to-end big datasolutions. While most industry products focus on siloed functions of integrating, cleansing, managing, analyzing, and visualizing data, Datashop’s full-stack capabilities offer a hassle free way of delivering guaranteed ROI without writing a single line of code. The founders (Abhinav Shashank, Kanav Hasija and Sandeep Gupta) like to call it the iOS equivalent of big data.
“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.
Innovaccer is already working with large research and healthcare customers across the world and counts Catholic Health Initiatives, Partners Healthcare, Sonic Healthsystems, Harvard, Stanford, MIT, Wolters Kluwers, Artesyn, among its customers.