Business Chief Europe Magazine April 2021 | Page 15

INNOVACCER :

Breaking down information silos in healthcare

Founded in 2014 , unicorn company Innovaccer strives to connect and curate the world ’ s healthcare information making it accessible and useful .
What happened in Innovaccer ’ s Series D funding round ? February 2021 , Innovaccer announced its latest Series D funding round of US $ 105mn led by Tiger Global , joined by B Capital Group , Steadview Capital and M12 ( Microsoft ’ s venture fund ). The company ’ s Series D funding brings its total to US $ 225mn .
What are Innovaccer ’ s plans for the funding ? Innovaccer ’ s promise is to save hospitals ( and patients ) time and money by “ breaking down information silos that prevent physicians from obtaining a holistic view of their patients .” The company ’ s centralised information hub pulls data from healthcare giants , labs and insurance , harnessing artificial intelligence ( AI ) to better predict and stop health problems before they become chronic .
� APPLE Apple announces its largest quarter by revenue of all time , totalling US $ 111.4bn for the first quarter of 2021 .
� GENERAL ELECTRIC ( GE ) AND TOSHIBA General Electric ( GE ) and Toshiba in talks , discussing the possibility of co-producing technology for offshore wind turbines .
- KPMG KPMG has entered into exclusive talks with HIG Europe about a £ 400m sale of its UK restructuring business .
� IKEA Ikea reports a 10 % drop in UK sales to £ 1.9bn after closing its stores for nearly three months during the pandemic .
� ASTON MARTIN Aston martin reports a £ 322m operating loss in 2020 , alongside total retail sales dropping by 32 %.

W AY

U P

APR21

W AY

D O W N

businesschief . com 15