CLARA Analytics, a Santa Clara, CA-based AI as a service (AIaaS) provider, received an investment from Nationwide Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Heather H. Wilson, CLARA Analytics is an AI as a service (AIaaS) provider that improves casualty claims outcomes for insurance carriers, MGAs, reinsurers, and self-insured organizations. Its platform applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, legal demand packages, bills, and other documents surrounding a claim. CLARA’s predictive insight gives claim professionals augmented intelligence that helps them reduce claim costs and optimize outcomes for the carrier, customer and claimant.
Customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations.
CLARA has raised a total of $64M, including its recently announced Series C.
