Innovaccer a Big Data startup was founded in 2012 by Abhinav Shashank, Kanav Hasija andSandeep Gupta. It is a Silicon Valley-headquartered, Big Data company, with offices in Palo Alto and New Delhi. InnovAccer creates products that transform the way organizations use data. Their products and services are deployed at Hospitals, Accountable Care Organizations (ACO), Health Information Exchange (HIE), critical government, commercial, and non-profit institutions around the world to solve sophisticated and world changing problems. In short, they accelerate innovation through the power of data. Some of their customers are Mercy ACO, Groupon, United Nations, Harvard, Global Entrepreneurship Monitor (GEM), MIT, Wharton, London Business School,J-PAL.
As per a latest update, Innovaccer, has raised $15.6 Mn in Series A led by Westbridge Capital Partners with participation by other angel investors. With this, Sumir Chadha, Managing Director of Westbridge will join the board of the company.
Speaking on the occasion, Abhinav, co-founder and CEO of Innovaccer,
“Real time data integration, access, interoperable exchange, and advanced analytics can be a game changer in healthcare and can result in huge outcomes,”
Adding to this, Sandeep Gupta, co-founder and Chief Revenue Officer, added,
“With the fund raise, we should be able to aggressively disrupt healthcare IT by leveraging Big Data, Machine Learning and automation to deliver better care at reduced costs,”
As per the sources from the startup, The company will use this funding to accelerate its footprint in healthcare. With increased focus by providers and payers alike, to reduce inefficiencies in current healthcare systems, Innovaccer wants to bring cutting edge Big Data technologies and algorithms to help offer better outcomes at lower costs.