# Clara Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clara-analytics

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.claraanalytics.com/
- Total disclosed funding: $84M
- Latest round: Series C (Apr 17, 2024)
- Investors on record: 5

## About

Founded in 2017 and based in California, US, Clara Analytics, Inc. operates as a claims intelligence platform that provides artificial intelligence-based technology in the commercial insurance industry. In April 2024, Clara Analytics, Inc. raised USD 28 million in Series C funding from Nationwide Ventures. As of 2024, the company is led by its CEO, Heather Wilson.

The company provides a portfolio of products, including triage, treatment, litigation, optics, and MSP compliance. The firm provides CLARAty.ai, which is a comprehensive claims intelligence platform designed to empower insurers with advanced predictive and generative AI capabilities. CLARAty.ai serves as a strategic ally for claims professionals, augmenting their decision-making process with actionable insights derived from AI models. It also enables insurers to manage claims exposure and mitigate losses by accurately segmenting claims, enhancing third-party administrator (TPA) collaboration, and optimizing legal strategies.

The firm’s platform offers an approach to casualty claims management, encompassing functionalities such as generative AI document review, industry benchmarking, and settlement guidance. CLARAty.ai's suite of products addresses critical areas within casualty claims management, including triage, treatment, litigation, and optics. The company’s partners are AWS, Guidewire, Origami Risk, and Aon.

The organization plans to use the April 2024 funding to support the expansion of its business.

## Funding rounds

- Series C, Apr 17, 2024, $28M — Nationwide Ventures
- Series C, Aug 2, 2023, $24M — Spring Lake Equity Partners, Oak HC/FT, QBE Ventures, Aspen Capital Group
- Series B, May 7, 2020, $21M — Oak HC/FT, Aspen Capital Group
- Series A, Dec 18, 2017, $11M — Oak HC/FT

## Investors

- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series A, Series B, Series C
- Aspen Capital Group (https://capitalatlas.ai/funds/aspen-capital-group) — Series B, Series C
- Spring Lake Equity Partners (https://capitalatlas.ai/funds/spring-lake-equity-partners) — Series C
- QBE Ventures (https://capitalatlas.ai/funds/qbe-ventures) — Series C
- Nationwide Ventures (https://capitalatlas.ai/funds/nationwide-ventures) — Series C