What is ClearObject?
ClearObject is a digital transformation firm established in 2010, headquartered in Fishers, Indiana. The company focuses on delivering solutions in the Internet of Things (IoT), engineering, and data analytics sectors. Its expertise lies in helping enterprises leverage these technologies to achieve significant operational improvements and strategic advantages. The recent enterprise-level funding indicates a strong market validation for ClearObject's offerings in the competitive digital transformation landscape.
How much funding has ClearObject raised?
ClearObject has raised a total of $20M across 6 funding rounds:
Series B
$1.7M
Series C
$2.8M
Series D
$4.5M
Series E
$9M
Debt
$1M
Debt
$1M
Series B (2012): $1.7M with participation from Elevate Ventures, Ryan Diem, F. Ronald Seager, and Jeff Saturday
Series C (2014): $2.8M led by Bootstrap Incubation
Series D (2014): $4.5M supported by HKS Capital Advisors, Plymouth Growth Partners, and Elevate Ventures
Series E (2016): $9M featuring Elevate Ventures, Bootstrap Incubation, Hercules Capital Inc., Ryan Diem, Chatham Venture Partners, and Plymouth Growth Partners
Debt (2020): $1M backed by PPP
Debt (2021): $1M with participation from PPP
Key Investors in ClearObject
Plymouth Growth Partners
Plymouth Growth Partners, also known as Straylight Capital, provides growth capital for B2B technology companies with revenues between $3-13 million, focusing on companies ready for the next stage of growth. They operate at the intersection of venture capital and private equity, offering substantial capital and strategic insights.
Elevate Ventures
Elevate Ventures actively invests in cross-sector innovation-driven companies in Indiana at Pre-Seed, Seed, and Series A stages, providing funding and guidance to entrepreneurs with grit, creativity, and coachability.
Bootstrap Incubation
Bootstrap Incubation is an entity that provides incubation and potentially seed funding for early-stage companies, supporting their initial growth and development phases.
What's next for ClearObject?
With the recent major strategic investment, ClearObject is poised for accelerated growth and innovation. The company is likely to expand its service offerings, enhance its technological capabilities, and broaden its market reach. This capital will fuel further development in IoT, engineering, and analytics solutions, enabling ClearObject to better serve its enterprise clients and solidify its position as a leader in digital transformation. The strategic nature of the investment suggests potential collaborations or market entries that align with the investor's objectives.
See full ClearObject company page
