When was Inovalon founded?

Inovalon was founded in 1998 and raised its 1st funding round 20 years after it was founded.

Where is Inovalon located?

Inovalon is headquartered in Bowie, United States.

How many employees does Inovalon have?

As of Jul 31, 2026, the latest employee count at Inovalon is 3339.

Is Inovalon a funded company?

Inovalon is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Apr 02, 2018.

How much is Inovalon worth?

The last known valuation of Inovalon was $***** as of Aug 19, 2021.

When was the latest funding round of Inovalon?

Inovalon's latest funding was a $***** Conventional Debt round on Apr 19, 2018, with participation from 0 investor.

What is the annual revenue of Inovalon?

Annual revenue of Inovalon is between $500M and $1B as on Dec 31, 2020

Where does Inovalon rank among its competitors?

Inovalon ranks 7th amongst 296 active competitors, of which 38 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Trek Health, which secured $11M in May, 2025.

Who are the top competitors of Inovalon?

Inovalon's top competitors include HealthEdge, Novotech and Change Healthcare. Among them, Trek Health secured the most recent funding round in May, 2025.

Inovalon - 2026 Company Profile, Funding, Competitors & Financials

Company Details

Cloud-based data analytics platform for providers and payers. The company offers payer solutions which include Quality measurement, reporting, & improvement, clinical data extraction, risk analytics, patient assessments, and many more. Also, it offers solutions for providers, pharmacies, and life science industries.

Website: www.inovalon.com/
Social
Email ID: *****@inovalon.com
Phone Number: +1 **********

Key Metrics

Founded Year

1998

Location

Bowie, United States

Stage

Acquired

Latest Funding Round

Conventional Debt, Apr 19, 2018, $*****

Last Known Valuation

$***** as on Aug 19, 2021

Investors

RHEINEST

Ranked

7^th among 296 active competitors

Annual Revenue

$500M - $1B as on Dec 31, 2020

Employee Count

3,339 as on Jul 31, 2026

Investment & Acquisitions

VigiLanz & 2 more

Similar Companies

HealthEdge & 87 more

Exit Details

Acquired by Nordic Capital (Aug 19, 2021)

View Inovalon's full profile

Inovalon is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
INOVALON INDIA PRIVATE LIMITED CIN: U72900TS2022FTC176112 , India, Active	Feb 12, 2022	₹100 - ₹500 Cr (As on Mar 31, 2025)	274 (As on Jul 31, 2024)
INOVALON HOLDINGS, INC. CIN: 1619954 , United States, Active	Sep 10, 2014	$500M - $1B (As on Dec 31, 2020)	-	-

Inovalon got acquired by Nordic Capital, Insight Partners and 22C Capital on Aug 19, 2021 at an acquisition amount of $*****.

Click here to take a look at Inovalon's acquisition in detail

Inovalon has raised funding over 2 rounds. Its first funding round was on Apr 02, 2018. Inovalon has 1 institutional investor.

Here is the list of recent funding rounds of Inovalon:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 19, 2018	7384024	Conventional Debt	1397955	3191918	2163092	6079371
Apr 02, 2018	4489986	Post IPO	9734268	9950717	7328252	2265169

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Inovalon's employee count trend

Inovalon has 3,339 employees as of Jul 26. Here is Inovalon's employee count trend over the years:

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Top competitors of Inovalon include HealthEdge, Novotech and Change Healthcare. Here is the list of Top 10 competitors of Inovalon, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	HealthEdge 2004, Burlington (United States), Acquired	Provider of a suite solutions for healthcare payer	$108M	Psilos Group, Golub Growth & 7 others	74/100
2nd	Novotech 2002, Sydney (Australia), Acquired	Provider of clinical research services across all trial phases and therapeutic areas	$255M	GIC, Sequoia Capital & 5 others	68/100
3rd	Change Healthcare 2007, Nashville (United States), Acquired	Cloud-based suite solution for payers, providers and patients	$36M	Mitsui Global Investment, BVF & 14 others	64/100
4th	Concert AI 2018, Boston (United States), Series C	Provider of AI and real-world data solutions for life sciences	$300M	Sixth Street, Declaration Partners & 4 others	64/100
5th	Bioptimus 2024, Paris (France), Series A	Developer of AI foundation model to transform biological research	$76M	Sofinnova Partners, Bpifrance & 15 others	63/100
6th	Dotmatics 2005, Bishop s Stortford (United Kingdom), Acquired	AI powered scientific data management and workflow automation solutions	$11.3M	Scottish Equity Partners, Insight Partners ... & 4 others	61/100
7th	Inovalon 1998, Bowie (United States), Acquired	Cloud-based data analytics platform for providers and payers	-	RHEINEST	61/100
8th	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, HarbourVest Partners & 9 others	59/100
9th	Trek Health 2021, San Mateo (United States), Series A	Cloud-based insurance workflow management tool	$13.7M	Lionheart Ventures, Madrona & 12 others	59/100
10th	Availity 2001, Jacksonville (United States), Late Stage	Provider of cloud-based suite solutions for payers and providers	-	Francisco Partners, Novo Holdings & 1 others	58/100

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Inovalon has acquired 3 companies including VigiLanz, ABILITY and ComplexCare Solutions. Inovalon has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 05, 2024	Acquisition	VigiLanz	2001	Minneapolis (United States)
Mar 07, 2018	Acquisition	ABILITY	2000	Minneapolis (United States)
Jul 06, 2017	Acquisition	ComplexCare Solutions	2010	New York City (United States)