Fundraising Fox

Innovaccer

500 Global

San Francisco, US · 12 known investors

Find your way into Innovaccer

Innovaccer offers Provider Copilot, an AI assistant that automates clinical documentation, pre-visit prep, medical scribing, and prior authorization workflows for healthcare providers and care teams. The tool integrates into clinical workflows to check patient coverage, verify charts against payer rules, and submit prior auth packets electronically, by portal, or fax.

Also known as Innovaccer

Founders & leadership

WR
Wendy RubasChief Legal and Compliance Officer of the Issuer
AS
Abhinav ShashankChief Executive Officer and Director of the Issuer
GS
Glenn SteeleDirector of the Issuer
SC
Sumir ChadhaDirector of the Issuer
SG
Sandeep GuptaChief Operations Officer and Director of the Issuer
SB
Scott BrucknerChief Financial Officer of the Issuer
AM
Ankit MaheshwariChief Technology Officer of the Issuer
KH
Kanav HasijaDirector of the Issuer
DC
Daniel Chaitow

Board

AH
Alaa HalawaDirector of the IssuerGeneral Partner at MC Healthcare Ventures

Investors · 12

Funding

SEC filings, press & company announcements

$167.9M disclosed across 5 of 7 rounds · 2016–2026

$2.1MraisedOct 2025 · 12 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Wendy RubasExecutive Officer
  • Abhinav ShashankExecutive Officer, Director
  • Glenn SteeleDirector
  • Sumir ChadhaDirector
  • Sandeep GuptaExecutive Officer, Director
  • Scott BrucknerExecutive Officer
  • Ankit MaheshwariExecutive Officer
  • Alaa HalawaDirector
  • Kanav HasijaDirector
Amount sold
$2.1M
First sale
Aug 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$74.8MraisedFeb 2021 · 7 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Abhinav ShashankExecutive Officer, Director
  • Kanav HasijaDirector
  • Jonathan BushDirector
  • Sumir ChadhaDirector
  • Sandeep GuptaDirector
Offering amount
$75M
Amount sold
$74.8M
First sale
Feb 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$60MraisedOct 2019 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Sumir ChadhaDirector
  • Sandeep Kumar GuptaDirector
  • Abhinav ShashankExecutive Officer, Director
  • Kanav HasijaDirector
  • Jonathan BushDirector
Offering amount
$70M
Amount sold
$60M
First sale
Sep 2019
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$15.8MraisedMar 2018 · 5 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Kanav HasijaDirector
  • Abhinav ShashankExecutive Officer, Director
  • Sandeep Kumar GuptaDirector
  • Sumir ChadhaDirector
Offering amount
$15.8M
Amount sold
$15.8M
First sale
Feb 2018
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$15.1MraisedJul 2016 · 32 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Sumir ChadhaDirector
  • Abhinav ShashankExecutive Officer, Director
  • Kanav HasijaExecutive Officer, Director
  • Anil AdvaniExecutive Officer
  • Sandeep Kumar GuptaExecutive Officer, Director
Offering amount
$15.6M
Amount sold
$15.1M
First sale
Jun 2016
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Innovaccer operates what it describes as an agentic cloud platform for healthcare: a single integrated system that combines unified healthcare data, analytics and AI agents deployed across clinical and administrative workflows. The platform spans seven workflow areas — population health, revenue cycle, specialty care, contact center, risk and quality, pharmacy operations and utilization management — with solution modules including risk adjustment, quality management, contract design and management, CMS LEAD/TEAM and CMS ACCESS programs, prior authorization, ambient scribing, intake, coding and clinical documentation improvement, submissions and appeals, adaptive care, AI-driven interventions, closed-loop referrals, omnichannel agents, knowledge base and telephony integration, 340B compliance, and pharmacy prior authorization and benefits.

A library of task-specific AI agents runs on shared data and context so that agents can hand off work between one another; published agents cover fraud detection, care coordination, quality performance, utilization management, patient registration, prior authorization, referral intake, scheduling, patient inquiry, eligibility and benefits verification, documentation (including SOAP note drafting and diagnosis capture), underpayment recovery and chart chasing. Customers can also build custom agents. Alongside automation, the company offers human experts who handle revenue-cycle cases requiring judgment. Per internal records, Innovaccer also markets Provider Copilot, an AI assistant for clinical documentation, pre-visit preparation, medical scribing and prior authorization submission.

Business model

Innovaccer sells an integrated software platform with modular solutions and AI agents to healthcare organizations, supplemented by expert services that handle revenue-cycle work requiring human judgment; prospects are engaged through demo requests.

Traction

Published customer results include Adventist HealthCare reporting $1.8M in MSSP savings and 15.8% fewer readmissions; Cone Health reducing prior authorization prep time from 45 minutes to 3 minutes; Intermountain Health reporting 65% fewer heart failure hospitalizations and 53% less ED use; Franciscan Alliance generating $19.2M in annual value with 54% less call handling time; and Optimus Healthcare Partners lifting MSSP quality gap closure 27% over two years.

Latest developments

The company markets partnerships bringing agentic AI to utilization management for home-based care with CareCentrix and to specialty pharmacy operations with Ascension and LongitudeRx, and offers a custom agent builder alongside its packaged agent library.

Full profile — market position, technology, go-to-market, geography

Market position

The company cites recognition as an Industry Cloud Platform Leader in the Gartner Magic Quadrant and references deployments at large US health systems and payer-adjacent organizations.

Innovaccer positions its offering as one integrated platform in which multiple AI agents operate on the same unified healthcare data and context, sharing information and handing off tasks, rather than as point solutions per workflow, with human experts available for exception handling.

Technology

An integrated healthcare cloud platform that unifies data and layers analytics, copilots and autonomous AI agents onto clinical and administrative workflows. Agents share a common data context, enabling handoffs and learning from a single source of truth, and support functions such as prior authorization adjudication, medical necessity review with clinical-criteria logic, documentation generation, eligibility verification, referral routing, scheduling and record retrieval from EHRs and fax. Compliance-oriented capabilities include CMS-0057-F readiness and RADV audit-ready risk and quality workflows.

Go-to-market

Direct enterprise sales supported by demo requests, analyst recognition, published customer outcome case studies, and partnerships with health systems and healthcare service companies such as Ascension/LongitudeRx and CareCentrix.

Provider organizations including health systems, physician groups and accountable care organizations participating in value-based and fee-for-service contracts, as well as payers and utilization management organizations, and specialty pharmacy operations.

Geography

Headquartered in San Francisco, US, with referenced customers and programs in the United States, including CMS value-based care programs.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Adventist HealthCare MSSP savingsJan 2026$1.8M
Adventist HealthCare readmission reductionJan 202615.8%
Cone Health prior authorization prep timeJan 2026reduced from 45 minutes to 3 minutes
Franciscan Alliance annual value generatedJan 2026$19.2M
Franciscan Alliance call handling time reductionJan 202654%
Intermountain Health ED use reductionJan 202653%
Intermountain Health heart failure hospitalization reductionJan 202665%
Optimus Healthcare Partners MSSP quality gap closure liftJan 202627%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Acquisitions · 1

Early investors' stakes continue via these deals
Cured

Cured built a cloud-based CRM and digital marketing platform helping hospitals and health systems manage patient outreach, engagement, and growth.

Timeline · 3

launches, deals, and filings
Jan 2026
Named an Industry Cloud Platform Leader in Gartner Magic Quadrant

Company cites recognition as a Leader in the Gartner Magic Quadrant for industry cloud platforms.

source ↗

Jan 2026
Ascension specialty pharmacy transformation with Innovaccer and LongitudeRx

Ascension is working with Innovaccer and LongitudeRx to transform specialty pharmacy operations.

source ↗

Jan 2026
CareCentrix partners with Innovaccer on agentic AI for utilization management in home-based care

Partnership to apply Innovaccer's agentic AI to utilization management workflows for home-based care.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Innovaccer do?
Innovaccer runs a healthcare data and AI agent platform automating clinical and administrative workflows for providers and payers.
Who are Innovaccer's investors?
Innovaccer's investors include 500 Global, B Capital Group, B4 Capital, M12 (Microsoft's Venture Fund), OMERS Private Equity Inc., Steadview Capital, Tracxn labs, Village Global and 4 more.
How much funding has Innovaccer raised?
Innovaccer has disclosed $167.9M raised across 5 of its 7 known rounds.
Where is Innovaccer headquartered?
Innovaccer is headquartered in San Francisco, US.