Clearwater Analytics, a New York and Boise, ID-based SaaS company providing web-based investment portfolio reporting and analytics, has received a minority growth equity investment from Summit Partners.
In conjunction with the transaction, Summit Partners’ Greg Goldfarb has joined Clearwater Analytics’ Board of Directors.
Summit’s Harrison Miller will serve in a board advisory capacity.
Launched in 2004 and led by CEO Courtlandt Gates, Clearwater Analytics has developed a daily accounting, compliance, performance and risk solution for over 2,500 worldwide institutional investors, asset managers, custody banks, and electronic trading portals.
Its platform aggregates and reconciles investment portfolio information at the tax lot level and generates transparency in the form of daily reporting and analytics.
The company’s customer base includes market leaders such as Cisco Systems, Oracle Corporation, Starbucks Corporation and Yahoo!