What is ClearDATA?
ClearDATA specializes in providing a secure and compliant cloud computing platform tailored for healthcare providers, payers, and technology organizations. Their core offering is a robust healthcare security and compliance platform designed to automate, protect, and securely manage critical healthcare applications, sensitive patient data, and essential IT infrastructure. Headquartered in Austin, Texas, with additional offices in California and Arizona, ClearDATA addresses the unique challenges of data security and regulatory adherence within the healthcare industry, enabling organizations to focus on patient care and innovation.
How much funding has ClearDATA raised?
ClearDATA has raised a total of $73.4M across 5 funding rounds:
Series A
$3.4M
Series B
$7M
Series C
$25M
Private Equity
$12M
Other Financing Round
$26M
Series A (2012): $3.4M, investors not publicly disclosed
Series B (2013): $7M led by Norwest Venture Partners and Excel Venture Management
Series C (2015): $25M supported by Flare Capital Partners, Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, and HLM Venture Partners
Private Equity (2017): $12M featuring Excel Venture Management, Heritage Group, HLM Venture Partners, Flare Capital Partners, Merck Global Health Innovation Fund, and Norwest Venture Partners
Other Financing Round (2018): $26M backed by Humana, Flare Capital Partners, Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Health Care Service Corporation
Key Investors in ClearDATA
Humana
Humana is a health insurance provider committed to helping people live healthy and happy lives by offering personalized care and solutions. They are deeply invested in supporting and improving communities at a local level.
Flare Capital Partners
Flare Capital Partners is a leading investor focused on healthcare technology, collaborating with entrepreneurs to enhance healthcare outcomes and reduce costs. The firm supports a diverse portfolio of companies addressing critical challenges within the healthcare industry.
Merck Global Health Innovation Fund
The Merck Global Health Innovation Fund is an investment arm focused on advancing healthcare solutions. Merck & Co., Inc. is a global healthcare company delivering innovative solutions through prescription medicines, biologic therapies, vaccines, and animal health products.
What's next for ClearDATA?
The substantial enterprise-level funding and recent strategic investment signal ClearDATA's strong position for accelerated growth and market expansion. This capital infusion is likely to fuel further development of their healthcare security and compliance platform, enhance their go-to-market strategies, and potentially support strategic acquisitions or partnerships. With a focus on automating security and compliance for healthcare data, ClearDATA is poised to capitalize on the increasing demand for secure, cloud-based solutions in the healthcare ecosystem, aiming to solidify its role as a leader in safeguarding sensitive health information.
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