The announcement solidifies CLARA's standing as a leader in artificial intelligence claims handling technology for general liability, vehicle liability, and workers' compensation insurers.

CLARAty.ai, which skillfully processes both structured and unstructured data for each claim, is the key to this accomplishment.


Claims experts can receive predictive advise from the platform using AI models that are based on closed claims history. Its collection of modules, which includes CLARA Litigation, CLARA Treatment, and CLARA Triage, equips professionals to handle the growing difficulties associated with managing insurance claims.

CEO of CLARA Analytics Heather H. Wilson expressed excitement about the company's advancement in the market, saying, "Investors, leaders in the industry, and analysts are reacting very favorably to CLARA's rapid growth and customer success." Insurance companies are recognizing the benefits in terms of a very quick return on investment, and visionary leaders are seeing how much AI will change claims handling in the future. Being in the top in this category and seeing such strong growth makes CLARA very proud.
Prominent insurance companies like American Equity Underwriters, Berkshire Hathaway Homestate Companies, and Amerisure are a few of CLARA's noteworthy clientele.

The company has been able to raise money in its most recent investment rounds thanks to this visibility. The business obtained $24 million in Series C fundraising in August 2023, with participation from Aspen Capital Group, Oak HC/FT, and QBE Ventures. The funding was headed by Spring Lake.

CLARA has revealed receiving additional funding from Nationwide Ventures, a firm recognized for funding businesses promoting innovation in the financial services and insurance industries. After this most recent round, the company has raised $64 million in total capital.

Wilson continued, "Over the last two years, our ARR has tripled, reflecting the relentless dedication of our team and the unwavering trust of our valued customers." This speaks to CLARA's incredible growth. This noteworthy accomplishment not only demonstrates our dedication to providing state-of-the-art AI solutions, but it also shows how investor and customer demand for cutting-edge AI technologies in the risk and insurance markets is growing. We are unwavering in our resolve to propel more expansion by utilizing artificial intelligence to open up fresh doors and provide enduring benefit for all parties involved.