The startup, which began its journey in India, has developed a cloud software layer that works on top of the existing systems employed by healthcare facilities and enables patients’ data to be fetched and perform analysis on. The startup, which signed its first customer in 2016, has grown rapidly in recent years, he said. “We have been investors in Innovaccer since 2019, and believe that the company has all the necessary pillars to define the new gold standard of how the Health Cloud should be implemented by providers, payers, and life science companies,” said Alaa Halawa, Partner and Head of the US Ventures business at Mubadala Capital, in a statement. Innovaccer is likely the first and only company since the invention of the electronic health record (EHR) that has the opportunity to unify the healthcare ecosystem.”