ClearDATA Networks, Inc., a Phoenix, AZ-based healthcare cloud computing platform and service provider, closed a $14m Series B funding round.
Backers included the Merck Global Health Innovation Fund, Excel Venture Management and Norwest Venture Partners. ClearDATA previously had a first closing of its Series B round (read here) and held a second closing for strategic investor Merck Global Health Innovation Fund.
The company intends to use the funds to grow in the Health Information Technology (HIT) cloud computing market.
Led by Darin Brannan, CEO, ClearDATA provides an HIPAA-compliant cloud computing platform that enables providers to fully automate, protect, and securely manage healthcare medical records, applications, IT infrastructure and digital storage. It currently serves more than 300,000 healthcare professionals hosting data and applications for many provider and hospital organizations, and healthcare software and service vendors.