ClearDATA provides a cloud computing platform and services that enable healthcare organizations to use public clouds while ensuring ultra-secure, compliant IT environments across AWS, Google Cloud Platform, and Microsoft Azure. The company’s core offering is HITRUST-certified security and compliance tooling and a comprehensive Business Associate Agreement tailored for healthcare customers. ClearDATA’s subscription services constitute a majority of its revenue and have grown approximately 100% year-over-year since its initial funding in early 2012. With the recent $26 million financing, the company plans to expand product innovation, scale and broaden its services, and enhance customer success to support larger enterprise customers. It also intends to increase sales and marketing resources to accelerate adoption of advanced technologies such as machine learning and AI in healthcare. ClearDATA aims to help more healthcare organizations safely migrate to public clouds and improve data sharing and interoperability to drive better patient outcomes. ClearDATA provides a HIPAA-compliant managed cloud platform that safeguards patient data and powers critical healthcare applications. The company uses compliance and security safeguards, purpose-built DevOps automation, and healthcare expertise to protect sensitive healthcare information. Led by CEO Darin Brannan, ClearDATA serves more than 350,000 healthcare professionals. It offers managed cloud services tailored to healthcare compliance and security needs. The company was selected to participate in the Amazon Web Services (AWS) Public Sector Partner Network. ClearDATA intends to use new funding to expand its marketplace presence and continue product innovation. ClearDATA is a Tempe, AZ-based healthcare cloud computing company that provides cloud computing, platform and information-security services to healthcare organizations. Led by CEO Darin Brannan, the company supports more than 320,000 practitioners who use its tools to store, manage, protect and share patient health information and applications. ClearDATA closed an over-subscribed $25M Series C to fund continued growth and product launches. Backers in the round included Heritage Group, HLM Venture Partners and Flare Capital Partners alongside existing investors Norwest Venture Partners, Merck Global Health Innovation Fund and Excel Venture Management. The company intends to deploy the proceeds to accelerate expansion and bring new products to market. ClearDATA offers a healthcare-centric, HIPAA-compliant cloud and managed infrastructure service, with custom-designed storage for health data and medical images. Its end-to-end offering helps healthcare customers move applications and data to the cloud and access them over a private Internet connection, with a data model that enables locating data for required HIPAA auditing. ClearDATA positions itself as an alternative to general-purpose clouds (AWS, Azure, Rackspace) by focusing on healthcare-specific security, compliance and operational needs. Customers range from small practices and clinics to hospitals and healthcare SaaS providers. The company says it will expand its platform and move into new geographies. Operating metrics in the article note ClearDATA serves over 300,000 healthcare professionals and hosts tens of millions of health records; it recently raised $14 million in Series B funding to support growth.

Total raised

$77M

Funding rounds

4

Latest round

Equity

Latest activity

Nov 2018