Digital Health
The company will use the funds to expand nationally, enhance its technology platform and advance clinical innovation.
The funds will be used to expand its direct-to-consumer services and grow partnerships with payers and health systems.
The deal marks Innovaccer's fourth acquisition in the past two years.
While smaller hospitals and FQHCs often lack the infrastructure to deploy AI, Duke's Dr. Mark Sendak says the Health AI Partnership is working to help them access AI tools that can drive efficiency and reduce administrative burden.
The round follows a $200 million seed raise earlier this year.
The company will use the funds to invest in AI research and development initiatives.
The feature uses machine learning and heart sensor data to flag signs of hypertension and will roll out to Watch Series 9, 10 and 11 as well as Ultra 2 and 3 by month’s end.
Dr. Erik Langhoff, chief medical officer and consultant for the Bronx Regional Health Information Organization, discusses how the agency is addressing safety and efficacy in AI.
The funding round comes one month after the company announced it secured a $35 million investment.
The company is on track to be live in 10 U.S. states by the end of 2025.