About CLARA analytics
CLARA analytics is a company based in Santa Clara (United States) founded in 2016.. CLARA analytics has raised $60.45 million across 4 funding rounds from investors including Nationwide, QBE Group and Spring Lake Equity Partners. The company has 41 employees as of December 31, 2023. CLARA analytics offers products and services including CLARA Claims DocIntel Pro, CLARA Triage, CLARA Treatment, CLARA Litigation, and CLARA Fraud. CLARA analytics operates in a competitive market with competitors including Insoore, RYZE Claim Solutions, Eucon, n2uitive and Zing Cover, among others.
- Headquarter Santa Clara, United States
- Employees 41 as on 31 Dec, 2023
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Clara Analytics, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60.45 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Nationwide
& 4 more
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Employee Count
41
as on Dec 31, 2023
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Products & Services of CLARA analytics
CLARA analytics offers a comprehensive portfolio of products and services, including CLARA Claims DocIntel Pro, CLARA Triage, CLARA Treatment, CLARA Litigation, and CLARA Fraud. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for scanning and analyzing claim documents quickly.
Identifies costly claims early to reduce indemnity days.
Selects optimal care to save costs and improve outcomes.
Assesses defense performance to minimize claim impacts.
Refers suspicious claims to prevent fraudulent payments.
Streamlines medical cost projections while ensuring compliance.
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Funding Insights of CLARA analytics
CLARA analytics has successfully raised a total of $60.45M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(13 Nov 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series C - CLARA analytics | Valuation |
investors |
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| Sep, 2023 | Amount | Series C - CLARA analytics | Valuation | Spring Lake Equity Partners | |
| May, 2020 | Amount | Series B - CLARA analytics | Valuation | Aspen Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CLARA analytics
CLARA analytics has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Nationwide, QBE Group and Spring Lake Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Aspen Capital Group is engaged in growth equity investments.
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Founded Year | Domain | Location | |
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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CLARA analytics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CLARA analytics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clara Analytics Comparisons
Competitors of CLARA analytics
CLARA analytics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Insoore, RYZE Claim Solutions, Eucon, n2uitive and Zing Cover, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
P&C insurance claims are processed for fleet management and insurers.
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| domain | founded_year | HQ Location |
Property and casualty claims services are managed for insurers.
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| domain | founded_year | HQ Location |
Business processes are digitalized through data and analytics solutions.
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| domain | founded_year | HQ Location |
SaaS software and analytics are supplied for insurance claims processing.
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| domain | founded_year | HQ Location |
Insurance checkout solutions for e-commerce businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clara Analytics
Frequently Asked Questions about CLARA analytics
When was CLARA analytics founded?
CLARA analytics was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is CLARA analytics located?
CLARA analytics is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of CLARA analytics?
Heather H Wilson is the current CEO of CLARA analytics.
Is CLARA analytics a funded company?
CLARA analytics is a funded company, having raised a total of $60.45M across 4 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Nov 13, 2017.
How many employees does CLARA analytics have?
As of Dec 31, 2023, the latest employee count at CLARA analytics is 41.
What does CLARA analytics do?
CLARA analytics was founded in 2016 in Santa Clara, United States, focusing on the insurance sector. AI-based software for workers compensation claims management is developed, incorporating predictive analytics to handle claims efficiently. Key offerings include CLARA claims for cost mitigation, CLARA providers for doctor selection, and CLARA litigation for identifying potential legal issues and attorneys. Operations center on data-driven solutions to support claims processing across the U.S.
Who are the top competitors of CLARA analytics?
CLARA analytics's top competitors include RYZE Claim Solutions, n2uitive and Insoore.
What products or services does CLARA analytics offer?
CLARA analytics offers CLARA Claims DocIntel Pro, CLARA Triage, CLARA Treatment, CLARA Litigation, and 2 more products and services.
Who are CLARA analytics's investors?
CLARA analytics has 5 investors. Key investors include Nationwide, QBE Group, Spring Lake Equity Partners, Aspen Capital Group, and Oak HC/FT.
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