What is ClearDATA?
Headquartered in Austin, Texas, ClearDATA operates as a specialized provider of healthcare cloud computing and information security services. The company addresses the complex regulatory landscape of the healthcare industry by offering a platform that automates, protects, and manages healthcare applications, data, and IT infrastructure. By bridging the gap between cloud scalability and HIPAA compliance, ClearDATA enables healthcare technology organizations to innovate without compromising the security of patient information. Its market position is defined by its ability to provide a secure, compliant foundation for digital health initiatives, serving a diverse clientele that includes providers, payers, and healthtech innovators.
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 Merck Global Health Innovation Fund, Heritage Group, Norwest Venture Partners, Flare Capital Partners, Excel Venture Management, and HLM Venture Partners
Private Equity (2017): $12M featuring Heritage Group, Flare Capital Partners, HLM Venture Partners, Excel Venture Management, Merck Global Health Innovation Fund, and Norwest Venture Partners
Other Financing Round (2018): $26M backed by Merck Global Health Innovation Fund, Flare Capital Partners, Excel Venture Management, Health Care Service Corporation, Norwest Venture Partners, HLM Venture Partners, Heritage Group, and Humana
Key Investors in ClearDATA
Merck Global Health Innovation Fund
Founded in 1891 and headquartered in Rahway, NJ, Merck & Co., Inc. is a global healthcare company delivering innovative solutions through prescription medicines, biologic therapies, vaccines, and animal health products.
Flare Capital Partners
Flare Capital Partners is a leading investor focused on healthcare technology, collaborating with entrepreneurs to enhance healthcare outcomes and reduce costs.
HLM Venture Partners
A specialized healthcare investment firm that partners with innovative founders to build enduring companies in healthcare technology and services.
What's next for ClearDATA?
With the support of its strategic partners, ClearDATA is well-positioned to expand its footprint in the enterprise healthcare market. The recent capital infusion is expected to accelerate the development of its compliance automation tools, further reducing the friction associated with cloud adoption in highly regulated environments. As the healthcare industry continues to shift toward data-driven decision-making and remote care delivery, ClearDATA's infrastructure will likely remain a cornerstone for organizations seeking to modernize their IT stacks while maintaining rigorous security standards. Future growth will likely focus on deepening integration with major cloud service providers and expanding its suite of automated security services to address emerging cybersecurity threats in the global health sector.
See full ClearDATA company page
