The US, Boise based Clearwater Analytics, the leading SaaS provider of analytics and accounting, announced receiving an undisclosed amount in funding on 12th October 2020 from several investment firms. The funding was led by Dragoneer Investment Group, Permira, Durable Capital Partners, and Warburg Pincus. The first investor WCAS-Welsh, Carson, Anderson & Stowe, which invested in the enterprise in 2016, is still the major shareholder and Sandeep Sahai continues at the CEO position.
Taking the vision of enterprise further
The new group of investors will take away the company’s organic growth further with its innovative leadership quality as it will bring its solution-based services in the global marketplace and enable revolutionary M&A opportunities in the coming future. Despite the challenging conditions in 2020, Cleanwater has gained several new clients. The analytics enterprise has one of the highest New Promoter Score among all the SaaS companies, that indicates its focus on clients.
The present services provided by Clearwater
Clearwater provides thousands of insurance companies, asset managers, and corporations with analytics, complaint, and automatic accounting and reporting solutions. Every day the solutions of the company provide $4 trillion-plus assets to its clients that count some of the most designated companies. Arch Capital, American Family Insurance, CopperPoint Mutual Company, Facebook, Starbucks, WellCare Health Plans, Oracle, J.P. Morgan, Sompo International are all on this list. The company serves several investment professionals in 49 countries with auditable and precise data, accounting, and analytics solutions that are mission-critical with their business domain.
The future vision of Clearwater is to become the world’s most comprehensive technology and trustworthy platform for analytics and investment accounting. The CEO of Clearwater, Sandeep Sahai, said that their new partnership with new investors continues with the same momentum as it has achieved the position of innovation leader in the analytics and investment accounting market. They will continue to expand Clearwater’s global reach and, with the same, continue to advance solutions for their valued clients.
About Clearwater Analytics
The Western US-based Clearwater Analytics was founded in 2004 by Michael Boren, Douglas Bates, and Michael Boren. The privately held enterprise is headquartered in Boise, Idaho, with offices in London, Edinburg, New York City, and Noida across four countries. It was named Technology Firm of the Year at Insurance Asset Management Awards and as Best Software Solution at the UK and European Captive Review Awards in 2019. It provides analytics solutions for both commingled and separately managed accounts.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
