Follow The Money: 10 Recent Tech VC Investments To Watch In December

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ClearDATA Networks, Inc.

Headquarters: Phoenix

CEO: Darin Brannan
New Funding: $14 million
Round: B
Backers: Merck Global Health Innovation Fund, Excel Venture Management and Norwest Venture Partners

The global IT market is estimated to grow to $56.7 billion by 2017, according to a study by MarketsandMarkets, and ClearDATA Networks is looking to capitalize on that through its healthcare cloud computing platform and services. The cloud computing platform is HIPAA compliant and already serves more than 300,000 healthcare clients with millions of records. "The IT demands on healthcare organizations are greater than ever -- and they will continue to grow as Big Data and analytics take hold in the industry," said Darin Brannan, CEO of ClearDATA in a statement. "Our investors recognize the escalating need for hosting and services in the cloud that can help these organizations reduce IT costs while improving productivity, reliability, security, regulatory compliance, business continuity and agility."


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