What is ClearObject?
Founded in 2010 and headquartered in Fishers, Indiana, ClearObject operates as a premier digital transformation consultancy. The firm specializes in the convergence of Internet of Things (IoT) technologies, advanced engineering, and data analytics. By bridging the gap between complex industrial hardware and actionable software insights, ClearObject enables enterprises to modernize their infrastructure. Their market position is defined by a deep technical expertise that facilitates the transition of legacy systems into agile, data-driven environments, making them a critical partner for organizations undergoing digital modernization.
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 F. Ronald Seager, Ryan Diem, Jeff Saturday, and Elevate Ventures
Series C (2014): $2.8M led by Bootstrap Incubation
Series D (2014): $4.5M supported by Elevate Ventures, Plymouth Growth Partners, and HKS Capital Advisors
Series E (2016): $9M featuring Ryan Diem, Hercules Capital Inc., Elevate Ventures, Chatham Venture Partners, Bootstrap Incubation, and Plymouth Growth Partners
Debt (2020): $1M backed by PPP
Debt (2021): $1M with participation from PPP
Key Investors in ClearObject
Elevate Ventures
Elevate Ventures is an active participant in shaping the future of Indiana by investing in cross-sector innovation-driven companies at Pre-Seed, Seed, and Series A stages. They provide funding and guidance for entrepreneurs and seek founders with grit, creativity, and coachability.
Hercules Capital Inc.
Hercules Capital is a specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries.
Chatham Venture Partners
Chatham Ventures is dedicated to helping promising early-stage companies succeed by providing them with essential tools and resources to transform their ideas into thriving industries, often leveraging their network to facilitate growth.
What's next for ClearObject?
With a robust history of capital acquisition, ClearObject is well-positioned to leverage its recent strategic investment to accelerate product development and expand its footprint in the competitive IoT landscape. The company's focus will likely shift toward enhancing its proprietary analytics platforms and deepening its integration capabilities for enterprise clients. As the firm moves beyond its current lifecycle stage, the emphasis will remain on scaling its service delivery model while maintaining the high-touch engineering standards that have attracted significant institutional backing. Future growth will be driven by the continued demand for industrial automation and the strategic deployment of capital to capture emerging market share in the digital transformation ecosystem.
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