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Clara Analytics Raises $24M In Series C Funding, Accelerating Ai Adoption For Insurance Claims

PRIVATESep 08, 2023

Amount Raised

$24 Million

Round Type

Series C

Santa ClaraInformation TechnologySoftwareArtificial IntelligenceAnalyticsMachine LearningNatural Language ProcessingBig DataInsurtechInsuranceSaaS

Investors

QBE VenturesOak Hc/FtAspen Capital GroupSpring Lake Equity Partners

Description

CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today announced its $24 million Series C funding, bringing its total funding to $60 million. This round was led by new investor Spring Lake Equity Partners, with participation from existing investors including Aspen Capital Group, Oak HC/FT and QBE Ventures.

Who else raised in Analytics and Natural Language Processing around the same time

Companies in the same sectors as CLARA Analytics that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Betterleap raised $13M (Seed) on September 18, 2023.
  • LegalMation raised $15M on October 20, 2023.
  • Cranium Al raised $20M on October 16, 2023.
  • Atana raised $6M (Series A) on October 11, 2023.
  • Aampe raised $7.5M (Funding Round) on October 5, 2023.

Who to call at CLARA Analytics, and when

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Company Information

Company

CLARA Analytics

Location

451 EL CAMINO REAL, SUITE 201

Santa Clara, California, United States

About

CLARA Analytics is the leading AI as a service (AIaaS) provider that improves casualty claims outcomes for insurance carriers, MGAs, reinsurers, and self-insured organizations. The company’s platform applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, legal demand packages, bills and other documents surrounding a claim. CLARA’s predictive insight gives claim professionals augmented intelligence that helps them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations. Founded in 2017, CLARA Analytics is headquartered in California’s Silicon Valley.

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Related People

1 contact
Verified contactsRick R., Executive Officer, DirectorSee plans and pricing
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CLARA Analytics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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