ClearDATA, a startup working in healthcare and cloud computing, has pulled together a tidy $7 million in its second round of institutional funding.
The funding came from Excel Venture Management and Norwest Venture Partners (NVP) and will be used mostly for marketing and sales.
ClearDATA focuses on making secure, HIPPA-, HITECH Act-, and ePHI-compliant cloud software for healthcare professionals and organizations. Its platform is designed to cut costs while improving productivity and regulatory compliance.
Products include a HIPAA-compliant cloud, medical imaging storage, automation, disaster recovery, offsite backup, virtual desktop infrastructure, and security services.
“ClearDATA is an outstanding company with the potential to make a major impact on the nation’s healthcare industry by helping organizations reduce IT costs, improve infrastructure reliability, enhance productivity, and increase security and compliance,” Excel managing director Enrico Petrillo said in a statement on the funding,
Healthcare organizations have always had to tread more carefully than other companies when it comes to cloud computing technologies. But for compliant solutions, there’s a $35 billion market for health IT.
ClearDATA is based in Phoenix, Ariz. The company took an undisclosed round of funding from Norwest Venture Partners and others in March 2012.