CEO: Darin Brannan
New Funding: $7 million
Backers: Norwest Venture Partners, Excel Venture Management
ClearData Networks is a cloud computing and service provider for the healthcare industry. Its HIPAA compliant HealthData product serves more than 300,000 professionals in the healthcare industry with the goal of improving productivity and helping cut costs. The investment will be used to expand sales to compensate for a rapidly growing market, according to a company press release.