Healthcare technology company Innovaccer Inc. has raised $70 million in a Series C funding round from Steadview Capital, Tiger Global, Dragoneer, Westbridge, Mubadala and M12 (Microsoft’s venture fund). With this round, Innovaccer has raised $120 million till date.
Innovaccer will use the funds to improve existing processes that digitize healthcare for providers, payers and patients by strengthening its Data Activation Platform, the firm said on Friday.
The San Francisco-based company also has an office in Noida, in India. Founded in 2014, Innovaccer leverages artificial intelligence (AI) and analytics to automate routine workflows and reduce manual overhead. Its Data Activation Platform has been implemented in healthcare institutions, government organisations, and corporate enterprises, the statement added.
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