Clearwater Analytics, a Boise, Idaho-based SaaS provider of investment accounting and analytics solutions, received an investment of undisclosed amount.
Backers included Permira, Warburg Pincus, Dragoneer Investment Group and Durable Capital. Welsh, Carson, Anderson & Stowe (WCAS), which first invested in Clearwater in 2016, will remain the company’s majority shareholder, and Sandeep Sahai will continue as Clearwater’s Chief Executive Officer.
The new investor group will further the company’s organic growth.
Clearwater Analytics provides thousands of corporations, insurance companies and asset managers with compliant, and automated investment accounting, reporting, and analytics solution.
Each day, the company’s solution serves more than $4 trillion in assets for clients that include some of the most respected companies in the world including: American Family Insurance, Arch Capital, Aureum Re, Cisco, CopperPoint Mutual Company, C.V. Starr & Co., Facebook, J.P. Morgan, Knights of Columbus Insurance, Oracle, Selective Insurance, Sirius Group, Sompo International, Starbucks, Unum Group, WellCare Health Plans, and Wilton Re.