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Clearwell Systems

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An e-discovery platform and app that enables companies to manage their legal, regulatory and investigative matters

Mountain View, United StatesFounded 2004Other B2B Software
Valuation $250–500M Last recorded · 2011
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Clearwell Systems and the history behind them.

About Clearwell Systems

Clearwell Systems, established in 2005, carved a niche in the electronic discovery (e-discovery) market by providing an integrated platform for enterprises, government bodies, and legal firms. The company was founded by Ameet Petkar, Vipin Sama, and Rahul Sharma, who leveraged their technical backgrounds to address the growing complexities of managing electronically stored information (ESI) for legal and regulatory purposes.

The firm's core offering was the Clearwell E-Discovery Platform, an appliance-based solution designed to streamline the entire e-discovery workflow. This single, integrated product managed identification, collection, preservation, processing, analysis, review, and production of data. A key selling point was its rapid deployment, becoming operational in under 25 minutes, which allowed legal and forensics teams to quickly gain visibility into case facts and accelerate early case assessments. The platform incorporated features like advanced filtering, visual analytics, discussion threading, and relevance ranking to intelligently reduce data volumes, thereby lowering review costs and increasing efficiency. Its business model centered on selling this appliance-based platform, offering a fixed-capacity pricing structure as an alternative to the per-unit pricing common among service providers.

Clearwell catered to a high-profile clientele, including Microsoft, Johnson & Johnson, Lockheed Martin, and various government departments. The company's trajectory culminated in a significant milestone on May 19, 2011, when Symantec announced its acquisition of Clearwell for approximately $390 million. The acquisition was completed on June 24, 2011, integrating Clearwell's platform into Symantec's Information Management Group. This move was driven by the goal of combining Clearwell's e-discovery capabilities with Symantec's existing archiving and data protection products like Enterprise Vault and NetBackup to offer a comprehensive information governance solution.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2004
Headquarters
Mountain View, United States
Employees
13
Open positions
None listed
Dealroom signal
62.5/100
Industry
Legal, Enterprise Software
Sub-industry
Legal Documents Management
Sector
Other B2B Software, Compliance, App, Platform, Regtech Compliance
Technology
Mobile app
Business model
SaaS
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit May 2011 $390M $390M Symantec —
SERIES C✓Equity / VC Aug 2007 $17M $68M DAG Ventures —
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Growth signals

Clearwell Systems website traffic

Latest recorded traffic for Clearwell Systems is 6.7K monthly website visits. Clearwell Systems's team grew 0% over the past year.

Latest monthly visits6.7K 1-year team growth0%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

Series B and later1 investor entered at this stage

Other known investors2 additional known investors

Team profiled 19 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇦🇺 Australia100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Clearwell Systems on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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