ClearDATA gets $12 million investment to build out cloud services

The company will use the money to advance its security, regulatory and compliance functionality for healthcare customers.
By Bernie Monegain
12:34 PM

ClearDATA has raised $12 million to back its HIPAA compliant cloud and to finance the company’s expansion.

The new investment adds to the $25 million ClearDATA raised in a previous round of funding.

“The healthcare digital revolution is in full swing,” ClearDATA CEO Darin Brannan said in a statement. 

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ClearData intends to use the new funding to continue combining technology aspects of the cloud with the compliance, regulatory and security functions that healthcare organizations need, the company said. 

“Mission-driven healthcare organizations want to stay focused on caring for patients, building great software, or serving their members, not on being IT security or compliance experts,” Brannan added. 

Investors in this most recent round of funding include Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners, all of which participated in ClearDATA’s prior $25 million financing.

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