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§ Private Profile · Sunnyvale, CA, USA
AI software company improving commercial insurance claims outcomes using predictive analytics and natural language processing.
CLARA Analytics is a Santa Clara, California-based enterprise software company that develops artificial intelligence applications designed to improve commercial insurance claims management. The platform utilizes natural language processing, image recognition, and predictive analytics software to evaluate medical notes, billing documents, and other claim-related records, providing adjusters with actionable insights to reduce overall claim costs. The organization provides its proprietary technology platform to self-insured enterprises, large third-party administrators, and several of the top 25 global insurance carriers operating within the commercial sector. The executive leadership team includes Chief Executive Officer Heather H. Wilson, Chief Technology Officer Wayne Chung, and Chief Customer Officer Mark Tainton. Additionally, insurance industry executives Andrew Pinkes and Dave Hollander currently serve on the corporate board of directors to guide strategic expansion. CLARA Analytics was officially founded in 2016 by entrepreneur Jayant Lakshmikanthan.
CLARA Analytics has raised $60.5M across 3 funding rounds.
CLARA Analytics has raised $60.5M in total across 3 funding rounds.
CLARA Analytics has raised $60.5M in total across 3 funding rounds.
CLARA Analytics's investors include Jeff Williams, Aspen Capital Group, Oak HC/FT, QBE Ventures, Steven Jones, Matt Streisfeld.
CLARA Analytics has raised $60.5M across 3 funding rounds. Most recently, it raised $24.0M Series C in September 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 7, 2023 | $24M Series C | Jeff Williams | Aspen Capital Group, OAK HC/FT, QBE Ventures | Announced |
| May 21, 2020 | $25M Series B | Steven Jones | OAK HC/FT | Announced |
| Jan 4, 2018 | $11.5M Series A | Matt Streisfeld | — | Announced |