ClearDATA Raises $25M in Series C

What does ClearDATA do?

ClearDATA, is the market leader for healthcare cloud computing and information security services for healthcare providers, service and software companies and is 100% dedicated to healthcare field. It provides HIPAA compliant cloud hosting and information security services to the healthcare industry. its HealthDATA Suite of Cloud Computing Solutions enable to totally automate, protect and manage securely the healthcare medical records, applications, digital storage and IT infrastructure. It provides HIPAA compliant cloud hosting of infrastructure with back and disaster recovery, managed services, medical image backup and VNA Healthcare BigDATA, healthcare PaaS, healthcare information security and world class support.

How much ClearDATA was funded?

ClearDATA raised $25M in Series C funding on May 28, 2015 from Excel Venture Management, Norwest Venture Partners – NVP, Merck Global Health Innovation Fund, Flare Capital Partners, Heritage Group and HLM Venture Partners.

Previous funding

• $3.2Min Series A funding on March 14, 2012 from Gil Kliman, Jeff Margolis, Norwest Venture Partners – NVP and Evan Hackel.
• $7Min Series B funding on August  6, 2013 from Norwest Venture Partners – NVP and Excel Venture Management
• $7Min Series B funding on December 5, 2013 from Merck Global Health Innovation Fund

What is next for ClearDATA?

ClearDATA plans to use the latest funding raised for maximizing its growth in the market for health information technology cloud computing, supporting its 4^th, consecutive year of more than 100% YOY subscription revenue growth.

More about ClearDATA

ClearDATA  was founded in 1999 by Darin Brannan, Christopher G. Bowen, Carl Kunkleman and David G. Jemmett . It has its headquarters in Tempe, AZ. Its SaaS HIT Cloud Management Platform aims in simplifying the management of complex IT infrastructures by providing one interface for managing and monitoring resources in real time across many platforms. Thus health organizations can benefits from greater transparency and increased network security and application security.