ClearDATA

Phoenix, United States Founded: 1999 • Age: 27 yrs
Cloud-based clinical data management platform for healthcare providers
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About ClearDATA

ClearDATA is a company based in Phoenix (United States) founded in 1999.. ClearDATA has raised $109.44 million across 9 funding rounds from investors including Merck, Humana and Norwest Venture Partners. ClearDATA offers products and services including CyberHealth Platform, Managed Detection & Response, and Cloud Compliance. ClearDATA operates in a competitive market with competitors including Carta Healthcare, Kyruus Health, Clearsense, Verana Health and Truveta, among others.

  • Headquarter Phoenix, United States
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Cleardata Networks, Inc.
Operational Areas
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $109.44 M (USD)

    in 9 rounds

  • Latest Funding Round
    $26 M (USD), Series C

    Nov 19, 2018

  • Investors
    Merck

    & 9 more

  • Employee Count
    Employee Count
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Products & Services of ClearDATA

ClearDATA offers a comprehensive portfolio of products and services, including CyberHealth Platform, Managed Detection & Response, and Cloud Compliance. 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.

Primary

Platform for monitoring and managing cloud compliance in healthcare environments.

Service to detect and respond to cyber threats in cloud infrastructures.

Tool for automating regulatory compliance and risk scoring in healthcare.

People of ClearDATA
Headcount 200-500
Employee Profiles 52
Board Members and Advisors 9
Employee Profiles
People
Drew Schaal
Chief Financial Officer
People
Jonathan S.
Information Systems Engineer II
People
Rick Froehlich
President & Chief Executive Officer
People
Clarissa O’Connell
VP, People

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Board Members and Advisors
people
Paul Wallace
Board Member
people
Scott Whyte
Advisor & Former Chief Strategy Officer
people
Bill Geary
Board Member
people
Bob Abbott
Board Member

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Funding Insights of ClearDATA

ClearDATA has successfully raised a total of $109.44M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $26 million completed in November 2018. 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 Rounds 9
  • Last Round Series C — $26.0M
  • First Round

    (25 May 2011)

  • Investors Count 10
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2018 Amount Series C - ClearDATA Valuation Humana , HCSC Ventures
Sep, 2018 Amount Series C - ClearDATA Valuation

investors

Apr, 2017 Amount Series C - ClearDATA Valuation Merck Global Health Innovation Fund , Norwest Venture Partners
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in ClearDATA

ClearDATA has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Merck, Humana and Norwest Venture 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
-
Founded Year Domain Location
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
Founded Year Domain Location
Corporate-backed venture capital is focused on the life science sector.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by ClearDATA

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - ClearDATA

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Cleardata Comparisons

Employees
+
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Competitors of ClearDATA

ClearDATA 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 Carta Healthcare, Kyruus Health, Clearsense, Verana Health and Truveta, 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
AI-driven clinical data management tools are offered to healthcare providers.
domain founded_year HQ Location
Software solutions for clinical decision making are provided.
domain founded_year HQ Location
Healthcare analytics platforms and applications are developed for clinicians.
domain founded_year HQ Location
Verana Health is focused on real-world data analytics in healthcare.
domain founded_year HQ Location
Healthcare data platform for learning services is provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Cleardata

Frequently Asked Questions about ClearDATA

When was ClearDATA founded?

ClearDATA was founded in 1999 and raised its 1st funding round 12 years after it was founded.

Where is ClearDATA located?

ClearDATA is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.

Is ClearDATA a funded company?

ClearDATA is a funded company, having raised a total of $109.44M across 9 funding rounds to date. The company's 1st funding round was a Series C of $12M, raised on May 25, 2011.

What does ClearDATA do?

ClearDATA was established in 1999 in Phoenix, United States, within the healthcare sector. A cloud-based platform is utilized by providers to store, manage, protect, and share patient data. Support is extended through cloud design, planning, and monitoring services. Guidance is provided on security, patient engagement, and data analytics. Additional solutions cover healthcare cloud backup, IT infrastructure, disaster recovery, professional services, and medical image storage.

Who are the top competitors of ClearDATA?

ClearDATA's top competitors include Carta Healthcare, Truveta and Verana Health.

What products or services does ClearDATA offer?

ClearDATA offers CyberHealth Platform, Managed Detection & Response, and Cloud Compliance.

Who are ClearDATA's investors?

ClearDATA has 10 investors. Key investors include Merck, Humana, Norwest Venture Partners, HCSC Ventures, and Merck Global Health Innovation Fund.

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