Big data and Artificial Intelligence (AI) startup Innovaccer has raised $15.6 million in series A funding led by Westbridge Capital Partners with participation by other undisclosed angel investors. The company will use this round of funding to expand its big data analytics solutions in the healthcare sector. Earlier in May 2015, the company raised an undisclosed amount of funding from prior investors including 500 Startups, Six Sigma Academy and Start Smart Labs. Innovaccer’s flagship offering Datashop claims to provide end-to-end big data a solutions including on-demand access to real-time data, analyzing and visualization of data, and advanced analytics. All these properties are being provided in a ‘full-stack’ format and the users need not generate or write new codes to mine for new data, added the company. Its analytics services are currently deployed in the healthcare, finance, and retail industry. Innovaccer currently claims to have installed its solutions across research and healthcare companies including Catholic Health Initiatives, Partners Healthcare, Sonic Healthsystems, Harvard, Stanford, MIT, Wolters Kluwers, Artesyn, among others. It is currently developing a suite of “self-serve” machine learning and AI applications as a platform and aims to launch the platform for developers sooner. Earlier in August 2015, Innovaccer partnered with US based Altiscale Inc that provides big data analytics via an SaaS platform, to develop analytical applications for healthcare, financial services, manufacturing, and academic research organizations. SaaS startups investment in India: More then $850M was invested since 2010 in Indian SaaS product companies, with a total of $449M investment in the…
