CLARA Analytics

The AI engine Fit Assessment

Beta

CLARA Analytics offers AI-based products that enhance claims management in the insurance sector by utilizing techniques like image recognition and natural language processing to analyze medical documents and optimize outcomes. Their solutions are designed to help insurance companies reduce costs and improve efficiency in claims processing.

Blurb

CLARA Analytics utilizes AI and data analytics to help insurance companies process and analyze large amounts of data related to claims.

HQ Location

Sunnyvale (United States)

Founded

2017

Employees

11 - 50

Total funding raised

$60.50M

Last Funding Event

Venture - Series Unknown, February 21, 2024

Smart insights

  • Aaron Wildenhaus (Director of Sales Operations and Enablement) worked at Duck Creek Technologies for 2.5 years (2019 - 2022)
  • 6m headcount growth: 15%
  • 1Y headcount growth: 29%
  • Headcount-to-last-round ratio: 6.4 employees/$M

CLARA Analytics improves claims outcomes in commercial insurance with easy-to-use AI-based products. The company’s product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim. CLARA’s predictive insight gives adjusters “AI superpowers” that help them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations.