Raising $275 million in funding to redefine healthcare using copilots and AI agents

Innovaccer Inc., one of the pioneers in the field of artificial intelligence in healthcare, raised $275 million in a Series F investment round to strengthen the capabilities of artificial intelligence and cloud services in the healthcare industry.

This investment round, which included primary and secondary financing, was accompanied by the participation of various investment companies and Microsoft’s investment fund.

The investment comes at a critical time for Innovaccer, as the company plans to use the funding to introduce new advancements in AI and cloud services. These efforts will help expand cooperation with existing customers and develop the developer ecosystem.

Also, the company plans to provide solutions for clinical decision support, documentation, care management and call center operations using copilots and artificial intelligence agents.

Abhinavash Shashank, Co-Founder and CEO of Innovaccer said, “Our goal is to move healthcare towards a proactive, predictive and personalized approach. This investment allows us to expand the boundaries of what is possible in artificial intelligence for the health sector.”

To date, Innovaccer has managed to attract $675 million in capital from leading investment companies and strategic investors. In order to expand its capabilities, this company has also purchased two companies, Cured and Pharmacy Quality Solutions, last year.

“This investment propels us into the next chapter of AI-powered healthcare transformation,” said Sandeep Gupta, the company’s co-founder and chief operating officer.

Founded in 2014, Innovaccer empowers organizations to improve patient experiences, implement value-based healthcare programs, and reduce administrative burden.

Over the past two years, the company has dramatically expanded its customer base, serving six of the top ten health systems in the United States. Also, in the public sector, it has strengthened its cooperation with the counties of San Mateo and Alameda.

The Innovaccer platform currently supports more than 130 healthcare organizations and continues to be a leader in population management, data management and artificial intelligence. This company has recorded a 50% annual revenue growth over the past five years.