India's WestBridge leads round for healthcare big data start-up

Existing investors including 500 Startups, Six Sigma Academy and Start Smart Labs participated. According to The Economic Times, Pravega Ventures, which was set up by former SAIF Partners executives Rohit Jain and Mukul Singal, is another backer, as are several angel investors.

Through its Datashop platform, Innovaccer claims to offer "the iOS equivalent of big data," defined as end-to-end solutions that are simpler and more intuitive than most industry products. The objective is to better integrate data from multiple distributed sources in order to speed up decision-making and boost return on investment.

"We were truly impressed with the team's capabilities to deploy extremely complex use cases with high quality and tremendous speed. The customer love that they have been able to generate is phenomenal," said Sumir Chadha, managing director of WestBridge, in a statement. He will join the Innovaccer board.

The company, which received $2.5 million from its seed investors, already works with large research and healthcare customers such as Catholic Health Initiatives, Partners Healthcare and Sonic Healthsystems, as well as Harvard and Stanford universities. The Series A round will be used to increase Innovaccer's industry footprint, leveraging companies' desire to reduce inefficiencies in current healthcare systems.

A suite of machine-learning and artificial intelligence applications for use on top of the platform is at an early stage of development. Kanav Hasija, one of Innovaccer's three co-founders and the company's chief customer officer, noted that the technology allows clients to solve problems without worrying about the "inherent complexities that big data technologies bring with themselves."

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Healthcare
• Early-stage
• North America
• Technology
• WestBridge Capital Partners
• Venture
• India
• 500 Startups