Cleardata raises $26 million in funding

Austin-based security and compliance expert in the healthcare startup ClearDATA has raised $26 million in funding.

The round saw participation by Humana Inc. and Health Care Service Corporation (HCSC), which operates Blue Cross and Blue Shield plans in Illinois, Montana, New Mexico, Oklahoma and Texas, and returning investors Norwest Venture Partners, Merck GHIF, Excel Venture Management, Heritage Group, HLM Venture Partner and Flare Capital Partners.

Founded in 2o11 by Carl Kunkleman, Christopher G. Bowen, Darin Brannan, and David G. Jemmett, ClearDATA protects sensitive healthcare data using compliance and security safeguards, purpose-built DevOps automation, and healthcare expertise — all backed by managed cloud services. This ensures healthcare organizations, and the technology providers that support them, are adhering to the highest standards in privacy, security and compliance in the cloud.

With this new round of funding, the company plans to help more healthcare organizations safely move to public clouds and accelerate the adoption of advanced technologies throughout healthcare, creating better patient outcomes for all. To achieve this ClearDATA will specifically invest in:

  • Continuing to scale and expand its services to meet market demand.
  • Expanding its customer success capabilities to better support larger enterprise customers that are accelerating their adoption to the healthcare cloud.
  • Continuing to expand sales and marketing resources to meet market demand.
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