ClearDATA, the Austin-based cloud hosting company for healthcare, announced it has raised a $12 million round of funding.
Led by Merck Global Health Innovation Fund, the infusion of capital will be used to grow its customer base and further product innovation.
Other investors include Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners, which previously participated in ClearDATA’s $25 million round in 2015.
The startup has now raised over $55 million since its 2012 launch, while building a client base supporting over 350,000 healthcare professionals, including partnerships with St. Jude’s Children’s Research Hospital, UCLA Health, Cleveland Clinic and Medicity.
Their platform includes DevOps automation and security safeguards for medical records and digital storage. They also offer a container platform for easy deployment of individual applications in an HIPPA-compliant cloud infrastructure.
“The healthcare digital revolution is in full swing," said Darin Brannan, CEO of ClearDATA in a statement. "But 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 cloud compliance experts. Combining the technology aspect of the cloud with the healthcare aspects of compliance, comprehensive security, and regulatory support has resulted in continued market traction with 98 percent year-over-year growth in our core subscription services. This is a testament to our success in helping healthcare leverage the public cloud for agility, scale, and cost while enhancing security and compliance."
Originally based in Arizona, ClearDATA named Austin its headquarters in 2016, relocating over 20 employees and expanding the Austin office to over 80 within the first year.
That same year, Entrepreneur magazine ranked ClearDATA 26th on their annual report of best private companies to work for in America, making it the highest-ranked company in Austin.
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