What is ClearDATA?
Headquartered in Austin, Texas, with a strategic presence in California and Arizona, ClearDATA provides a specialized platform designed to automate, protect, and manage healthcare applications and IT infrastructure. In an era where data breaches and regulatory scrutiny are at an all-time high, the company serves as a vital partner for organizations navigating the complexities of HIPAA and other healthcare-specific security standards. Its market position is defined by its ability to bridge the gap between legacy healthcare systems and modern cloud environments, ensuring that sensitive patient information remains secure while enabling digital transformation across the healthcare ecosystem.
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 Flare Capital Partners, Excel Venture Management, Heritage Group, Norwest Venture Partners, Merck Global Health Innovation Fund, and HLM Venture Partners
Private Equity (2017): $12M featuring Heritage Group, Norwest Venture Partners, HLM Venture Partners, Excel Venture Management, Flare Capital Partners, and Merck Global Health Innovation Fund
Other Financing Round (2018): $26M backed by Humana, Flare Capital Partners, Heritage Group, Merck Global Health Innovation Fund, Excel Venture Management, Health Care Service Corporation, HLM Venture Partners, and Norwest Venture Partners
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.
Heritage Group
Heritage Group provides a comprehensive suite of services designed to integrate seamlessly with commercial real estate and healthcare platforms, emphasizing individualized service and local market expertise.
What's next for ClearDATA?
With a robust history of capital infusion, ClearDATA is well-positioned to further its enterprise-level growth strategy. The company's focus remains on deepening its compliance automation capabilities and expanding its footprint within the healthcare technology landscape. As the industry continues to shift toward cloud-native architectures, ClearDATA is expected to leverage its strategic partnerships with major healthcare investors to drive innovation in data protection, ultimately reducing the operational burden on providers and payers while enhancing the security posture of the entire healthcare value chain.
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