ClearDATA raises $14 million in Series B

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ClearDATA Networks has announced on Thursday that they have raised $14 million in series B funding.  Investors in this round of funding include Merck Global Health Innovation Fund, Excel Venture Management, and Norwest Venture Partners. This past August, we talked about how the company raised $7 million in Series B so it appears that they have doubled the round before closing it.

“The IT demands on healthcare organizations are greater than ever — and they will continue to grow as Big Data and analytics take hold in the industry,” stated Darin Brannan, CEO of ClearDATA. “Our investors recognize the escalating need for hosting and services in the cloud that can help these organizations reduce IT costs while improving productivity, reliability, security, regulatory compliance, business continuity and agility.”

ClearDATA’s HealthDATA Suite of Cloud Computing Solutions lets providers automate, protect, and manage healthcare medical records, applications, digital storage, and IT infrastructure.

ClearDATA is a healthcare cloud computing platform that is based in Tempe, Arizona.

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