Clara Analytics Raises $24M in Series C Funding
Summary
The round was led by new investor Spring Lake Equity Partners, with participation from existing investors including Aspen Capital Group, Oak HC/FT and QBE Ventures. Led by CEO Heather H. Wilson, Clara Analytics is an AI as a service (AIaaS) provider that aims to improve casualty claims outcomes for insurance carriers, MGAs, reinsurers, and self-insured organizations. Its product suite applies image recognition, natural language processing, and other AI-based techniques to move insights from medical notes, legal demand packages, bills and other documents surrounding a claim. Its predictive insight gives professionals augmented intelligence that helps them reduce claim costs and optimize outcomes for the carrier, customer and claimant. Customers include companies from 25 global insurance carriers such as Berkshire Hathaway Homestate Companies, AmTrust, Amerisure, and QBE, to third-party administrators and self-insured organizations.
Funding
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