ClearDATA Raises $7 Million
ClearDATA is a healthcare / cloud computing startup that has raised $7 million in Series B funding. This round of funding was provided by Excel Venture Management and Norwest Venture Partners. The company plans on using the funding for marketing and sales.
According to VentureBeat, ClearDATA focuses on making HIPPA-, HITECH Act-, and ePHI-compliant cloud software for healthcare organizations. ClearDATA intends to help these organizations cut their costs while improving productivity.
“ClearDATA is an outstanding company with the potential to make a major impact on the nation’s healthcare industry by helping organizations reduce IT costs, improve infrastructure reliability, enhance productivity, and increase security and compliance,” stated Excel managing director Enrico Petrillo.
Based in Phoenix, Arizona, ClearDATA previously raised an undisclosed round of funding from Norwest Venture Partners and several other investors in March 2012.