Innovaccer Lands $275 Million Series F

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Innovaccer Inc&period;&comma; a healthcare AI company&comma; has secured a &dollar;275 million Series F funding round&period; The round was a combination of primary and secondary&comma; and includes participation from B Capital Group&comma; Banner Health&comma; Danaher Ventures LLC&comma; Generation Investment Management&comma; Kaiser Permanente&comma; and M12&period;<&sol;p>&NewLine;<p>This investment will fuel Innovaccer’s efforts to expand its collaboration with existing customers&comma; introduce new AI and cloud capabilities&comma; and scale a developer ecosystem on the platform&period; The company plans to add multiple copilots and agents to its offerings&comma; including utilization management&comma; prior authorization&comma; clinical decision support&comma; clinical documentation&comma; care management&comma; and contact center&period;<&sol;p>&NewLine;<p>Founded in 2014&comma; Innovaccer helps healthcare organizations by providing a comprehensive suite of software solutions to power value-based care programs&comma; modernize the patient experience&comma; and reduce the administrative burden on providers&period; It stands out as a technology platform that achieved Best-in-KLAS recognition across multiple categories&comma; including Data and Analytics&comma; Population Health Management&comma; and CRM&period; This recognition reinforces Innovaccer’s commitment to excellence and innovation&comma; reflecting its unparalleled ability to deliver high-quality solutions across various healthcare segments&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Innovaccer is dedicated to transforming healthcare through data-driven insights and cutting-edge AI technology&period; We are grateful for the confidence our investors have in our vision and capabilities&period; This funding will enable us to push the boundaries of what’s possible in healthcare AI&comma;” said Abhinav Shashank&comma; Co-founder and CEO of Innovaccer&period; &OpenCurlyDoubleQuote;Our goal is to make healthcare more proactive&comma; predictive&comma; and personalized&period;”<&sol;p>&NewLine;<p>Over the past two years&comma; the company has significantly grown its customer base&comma; now serving 6 of the top 10 health systems and growing its public sector partnerships with San Mateo County and Alameda County&period; Innovaccer’s platform now supports over 130 leading healthcare organizations&comma; and continues to be the market-leading platform for population health&comma; data management&comma; and AI&comma; with 50&percnt; year-over-year revenue growth for the past five years&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Innovaccer has a vision for how data and AI can power the future of healthcare that aligns with the opportunities for AI we see at Danaher&comma;” said Julie Sawyer Montgomery&comma; Executive Vice President&comma; at Danaher Corporation&period; &OpenCurlyDoubleQuote;We see this investment as an opportunity to partner with Innovaccer and other industry leaders to tackle some of healthcare’s biggest challenges&period; We believe providing clinicians with the data and analytics to drive meaningful clinical insights&comma; more quickly&comma; at the point of need&comma; we can accelerate the transition to more effective&comma; more personalized care&period;”<&sol;p>&NewLine;<p>To date&comma; Innovaccer has raised a total of &dollar;675 million from leading venture capital firms and strategic investors&period;<&sol;p>&NewLine;