Innovaccer Secures $275M in Series F Funding to Accelerate Healthcare AI Expansion

San Francisco, CA-based healthcare AI company Innovaccer has successfully closed a $275M Series F funding round, with participation from a range of investors including B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12. This funding will drive Innovaccer’s efforts to enhance its AI and cloud capabilities, foster a developer ecosystem, and expand its platform’s reach to improve healthcare delivery.

The funding will enable Innovaccer to expand its suite of offerings, adding new AI-driven copilots and agents in areas such as utilization management, prior authorization, clinical decision support, and care management. Innovaccer’s platform is already recognized for its excellence, having earned Best-in-KLAS honors in several categories, including Population Health Management and Data and Analytics. With over 130 healthcare organizations now leveraging its solutions, the company has achieved 50% year-over-year revenue growth over the last five years.

“Our mission to make healthcare more proactive, predictive, and personalized is supported by the trust of our investors,” said Abhinav Shashank, Co-founder and CEO of Innovaccer. “This funding will empower us to push the boundaries of healthcare AI, helping organizations deliver better, more efficient care.” The company has also expanded its customer base, now serving six of the top 10 health systems, and is actively growing its partnerships with public sector entities such as San Mateo and Alameda Counties.