ClearDATA, an Austin, Texas-based security and compliance expert in the healthcare cloud, completed a $26m financing round.
Backers included Humana Inc. (NYSE: HUM) 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.
The company intends to use the funds to expand product innovation and sales and marketing resources.
Led by Darin Brannan, Chief Executive Officer, ClearDATA provides a managed cloud that protects sensitive healthcare data using purpose-built DevOps automation, compliance and security safeguards, & healthcare expertise.
The company’s innovative solutions protect customers from data privacy risks, improve their data management, and scale their healthcare IT infrastructure.
This year, ClearDATA enhanced its business model to incorporate multi-cloud solutions by adding new partnerships to their Amazon Web Services offering, including Google Cloud Platform and Microsoft Azure.