Managed cloud provider ClearDATA has raised $12 million in funding from investors Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners. The funding will be used to expand the company’s presence in the marketplace and for continued product innovation. The latest round bring the company’s total funding to date at $55 million.
“ClearDATA has achieved considerable revenue and customer growth year-over-year, in parallel with—and influencing—the healthcare industry’s mainstream adoption of the cloud,” said Robert Abbott, Norwest Venture Partners. “As such, the company’s investors are pleased to preemptively add growth capital to accelerate widespread public cloud adoption in the healthcare arena.”
The ongoing security maintenance of applications, whether in testing or production mode, is a frequent burden to healthcare organizations and digital health companies, especially when protected health information is at stake. To assist these companies, ClearDATA, an AWS Healthcare Competency and Public Sector Partner, works with Amazon ECS to provide a secure container management resource that offers an isolated, HIPAA-compliant environment for building, testing and running individual applications.
There are currently now more than 30 major healthcare brands indirectly supporting ClearDATA via these strategic healthcare venture capital firms, including: Intermountain Healthcare, Cardinal Health, Memorial Hermann, LifePoint Health, Health Care Service Corporation, UnityPoint Health, Trinity Health (Livonia, MI), Tenet Health, Community Health Systems and more.
