Chennai: San Francisco-based Microsoft’s corporate venture fund M12 has marked its India entry with its first investment in healthcare data analytics startup Innovaccer.
With this first investment, M12 announced that it will be extending its investing coverage to India to help entrepreneurs innovate and grow with Microsoft’s reach, expertise, and technologies. Rashmi Gopinath, partner at M12, will be leading M12’s investments in India.
In a statement, M12 said, “Leveraging machine learning and healthcare-related contextual expertise, Innovaccer enables its users to consolidate financials, claims, patient, and operational data together to provide a comprehensive patient 360-view for better decision-making, care coordination, and reporting.”
Founded in 2014, the Silicon Valley and Noida-based startup Innovaccer, is focussed on helping healthcare organisations accelerate innovation by making powerful decisions based on key insights and data-driven predictions.