ClearDATA Networks

The firm's business model is centered on providing software and services that enable healthcare organizations to manage sensitive data and applications in the public cloud while adhering to stringent regulatory frameworks. ClearDATA generates revenue through a subscription-based model for its core services and also offers professional and managed services. Its client base includes healthcare providers, payers, life science companies, and medical technology innovators who need to ensure their cloud operations are compliant with regulations like HIPAA, HITRUST, and GDPR.

The core of ClearDATA's offering is the CyberHealth™ Platform, a cloud security posture management (CSPM) solution designed to work across major public clouds like AWS, Microsoft Azure, and Google Cloud Platform. This platform provides clients with continuous visibility into their security posture, automates the detection and remediation of compliance issues, and helps govern sensitive Protected Health Information (PHI). The software translates complex regulations into actionable technical controls, offering features like audit-ready reporting, a policy-as-code engine, and risk visualization dashboards. In addition to the self-service SaaS platform, ClearDATA provides a suite of managed services, including Managed Detection & Response (MDR) and Cloud Operations, to support clients at various stages of cloud maturity.

Since its first funding round in 2011, ClearDATA has raised a total of approximately $102 million from investors, including Norwest Venture Partners, Humana, and Health Care Service Corporation (HCSC). The company's headquarters moved from Arizona to Austin, Texas, in 2016 to better access the tech talent pool.