What is ClearDATA?
ClearDATA operates at the critical intersection of healthcare and technology, offering specialized cloud computing and information security solutions tailored for healthcare providers, payers, and technology organizations. Its core offering is a sophisticated healthcare security and compliance platform designed to automate and secure sensitive healthcare data and IT infrastructure. This platform is crucial for entities navigating the complex regulatory landscape of the healthcare industry, ensuring compliance while facilitating secure data management and application deployment. Headquartered in Austin, Texas, ClearDATA has established itself as a vital partner for organizations seeking to enhance their digital capabilities while maintaining stringent security and compliance standards.
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 Excel Venture Management and Norwest Venture Partners
Series C (2015): $25M supported by Norwest Venture Partners, Flare Capital Partners, Heritage Group, Excel Venture Management, HLM Venture Partners, and Merck Global Health Innovation Fund
Private Equity (2017): $12M featuring Merck Global Health Innovation Fund, Excel Venture Management, Norwest Venture Partners, Heritage Group, HLM Venture Partners, and Flare Capital Partners
Other Financing Round (2018): $26M backed by Norwest Venture Partners, Merck Global Health Innovation Fund, Humana, Flare Capital Partners, Heritage Group, HLM Venture Partners, Excel Venture Management, and Health Care Service Corporation
Key Investors in ClearDATA
Norwest Venture Partners
Founded in 1961, Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm. The company is headquartered in Palo Alto, California with offices in India and Israel.
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. With a strategic network of limited partners who often serve as early customers and distribution partners, Flare Capital fosters innovation in healthcare. Their commitment to investing in exceptional founders positions them as a key player in transforming the future of healthcare.
Heritage Group
Intersection offers a comprehensive suite of services designed to integrate seamlessly with commercial real estate platforms. Their expertise includes investment management, brokerage management, property management, and facility services, all aimed at optimizing property value. The company emphasizes individualized service and local market expertise to cater to regional opportunities. Intersection is committed to providing responsive and tailored property management solutions.
What's next for ClearDATA?
With substantial enterprise-level backing and a recent strategic investment, ClearDATA is well-positioned for accelerated growth and innovation. The company's focus on automating security and compliance within the healthcare cloud environment addresses a significant market need, driven by increasing data volumes and evolving regulatory requirements. Future strategic initiatives are likely to involve further enhancement of its platform capabilities, expansion into new healthcare verticals, and strengthening its market presence through partnerships and acquisitions. The consistent flow of capital indicates strong investor belief in ClearDATA's business model and its capacity to lead in the secure healthcare cloud computing space.
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