Silicon Valley based big data startup, Innovaccer recently announced that it has raised 15.6 Million in Series A funding. This funding was led by Westbridge Capital Partners with participation by other angel investors. This Series A funding will be used to accelerate its footprint in healthcare. Innovaccer aims at bringing cutting edge big data technologies and algorithms to reduce the inefficiencies in the current Healthcare systems and to offer better outcomes at lower costs.
“With the fund raise, we should be able to aggressively disrupt the Healthcare IT by leveraging Big data, Machine learning and automation to deliver better care at reduced costs.” said Sandeep Gupta, Co-founder and Chief Revenue Officer.
Innovaccer Inc. headquartered in silicon valley, has big data at its core. The company’s focus has been on helping large enterprises to make data driven decision simpler and more intuitive. Healthcare in United States is a $3 trillion industry but with huge inefficiencies And the existing IT vendors have been reluctant to adopt the new age technology. This has motivated Innovaccer to bring innovation in healthcare systems.
InnovAccer, company’s integrated industry focused data platform helps enterprises bring distributed data assets together on this integrated, full stack, big data platform and helps generate data driven ROI faster by democratizing data driven decision making.
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Abhinav, Co-founder and CEO of Innovaccer, says “Real time data integration, access, interoperable exchange, and advanced analytics can be a game changer in Healthcare and can result in huge outcomes.”
“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,” commented Sumir Chadha, Managing Director of Westbridge who will be joining the board of the company.
The company is also at early stages of building a suite of self serve Machine Learning and Artificial Intelligence applications on top of the platform and aims to open the platform for the developer ecosystem around the product very soon as well.
“For the first time business users are able to drive complex use cases without worrying about the inherent complexities that big data technologies bring with themselves.” said Kanav Hasija Co-founder and Chief Customer Officer at Innovaccer.