Oakland, California-based Kaiser Permanente led a $275 million Series F funding round for Innovaccer, a company that sells technology to unify patient data across health systems.
Innovaccer said the round will help it introduce new artificial intelligence and cloud capabilities. The company also said the new capital will help it to continue scaling a developer ecosystem that can allow health systems to implement AI tools with other third-party vendors.
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The funding increases Innovaccer's total raised to $675 million.
Abhinav Shashank, co-founder and CEO, said in a statement the company this year plans to launch AI tools focused on prior authorization, utilization management, scheduling and referrals.
Innovaccer is among a growing number of companies seeking to establish a technology and AI platform for providers. Other large vendors including Royal Philips, GE HealthCare and Epic have previously expressed interest in creating platforms.
Other investors in the round included Phoenix-based Banner Health, Microsoft venture capital firm M12 Ventures and Danaher Ventures.
