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Innovaccer Raises $70M To Collect And Consolidate Health Data

Health data company reportedly landed $70 million in new funding.

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The new money comes from firms including , , and , according to . Innovaccer was founded in 2014 and is based in San Francisco.

Innovaccer is aiming to give doctors a complete picture of a patient鈥檚 health information. It collects and cleans data, pulling from places like insurance records and pharmacies,聽 TechCrunch reported. That way, physicians can have a more accurate sense of a patient鈥檚 medical history–something that鈥檚 critical when it comes to determining treatment plans.

The company鈥檚 apps run on devices at more than 500 locations, with more than 10,000 healthcare providers using Innovaccer, according to the company鈥檚 website. Customers include Hartford HealthCare and .

Innovaccer raised a $15.6 million round led by in July 2016. It raised a $25 million round in May 2018, and most recently an $11 million extension in January 2019. Its total funding is now at about $124.1 million, according to Crunchbase.

The company鈥檚 investors include and M12, Microsoft鈥檚 corporate investment arm. Most recently, former Athenahealth CEO joined Innovaccer鈥檚 board of directors.

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