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- Clarify Health Solutions
Clarify Health Solutions Valuation, Funding & Investors
Clarify Health Solutions is valued at $1.4B as of April 2022.
Last Clarify Health Solutions valuation
$1.4B
Series D · Apr 2022
Last Clarify Health Solutions funding round
$150M
Series D · Apr 2022
Cumulative funding Clarify Health Solutions raised
$328M
across 4 funding rounds
Key investors in Clarify Health Solutions
KKR
Insight Partners
Spark Capital
Tom Williams
Rivas Capital
Sigmas Group
About Clarify Health Solutions
Clarify Health Solutions is a San Francisco-headquartered healthcare analytics firm delivering a platform with real-time insights for health systems. It optimizes care journeys via machine learning, episode-of-care workflows, patient nudges, and clinician tools, serving providers in value-based care arrangements across commercial, Medicare, and Medicaid populations.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.4B (Apr 2022)
Clarify Health Solutions Valuation
Clarify Health Solutions is currently valued at $1.4B, based on its Series D in April 2022.
The $150M round was led by SoftBank Group, with participation from KKR, Aspenwood Ventures, Sigmas Group, Spark Capital, Memorial Hermann Hospital and 3 other investors.
Clarify Health Solutions' valuation has grown 67x from $21M at its seed round in June 2016 to $1.4B in April 2022, across 2 priced rounds.
Clarify Health Solutions valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series D | $1.4B |
| Jun 2016 | Seed | $21M |
Clarify Health Solutions Funding History
Clarify Health Solutions has raised a total of $328M across 4 funding rounds.
Clarify Health Solutions' first fundraising round was a $6M seed round in June 2016. The most recent completed round was a $150M Series D in April 2022.
Clarify Health Solutions funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series D | SoftBank Group (lead); KKR; Aspenwood Ventures; Sigmas Group; Spark Capital; Memorial Hermann Hospital; BlackRock; Rivas Capital; Insight Partners | $150M | $1.4B | Clarify Health Solutions is a cloud analytics and value-based payments platform that helps healthcare providers, payers, and life sciences companies make better care decisions through AI-powered insights. Founded in 2015 and headquartered in San Francisco, the company has built an enterprise analytics tool called Atlas that processes over 300 million annual patient journeys and generates 18 billion AI-powered predictions to assess patients' health conditions, identify suitable treatments, and optimize costs. The platform applies "Moneyball-style" analytical methods to healthcare, enabling providers to transition from fee-for-service models to value-based care arrangements. In April 2022, Clarify Health closed a $150 million Series D funding round led by SoftBank Vision Fund 2, with participation from BlackRock, Memorial Hermann Health System, and existing investors Insight Partners, Spark Capital, KKR, Aspenwood Ventures, Rivas Capital, and Sigmas Group. The round valued the company at $1.4 billion post-money, bringing total funding to approximately $213 million. This investment came following the company's breakout year in 2021, which saw over 100% revenue growth and expansion to serve over 75 of healthcare's largest organizations. The Series D funding was earmarked to accelerate expansion of Clarify's intelligence offerings and adoption of its value-based payments platform. The company had previously raised $115 million in Series C funding in March 2021 led by Insight Partners and Spark Capital, and $57 million in Series B funding in 2018 led by KKR. Beyond the Series D, Clarify demonstrated continued momentum through strategic acquisitions, including Apervita's Value Optimization Business in October 2021 and Embedded Healthcare in March 2022, further strengthening its position in the value-based care market. |
| Mar 2021 | Series C | Concord Health Partners (lead); Hummer Winblad Venture Partners (lead); Insight Partners (lead); Spark Capital (lead); KKR; Sigmas Group; Rivas Capital | $115M | - | Clarify Health Solutions raised $115 million in a Series C funding round on March 16, 2021, led by Insight Partners, Spark Capital, Concord Health Partners, and Hummer Winblad Venture Partners (HWVP), with participation from KKR, Rivas Capital, and Sigmas Group. The company, founded in 2015 and based in San Francisco, provides an enterprise analytics platform that transforms healthcare data into actionable insights for providers, health plans, and life sciences organizations. The platform unifies longitudinal data from government and commercial claims, electronic health records (EHRs), prescriptions, labs, and social determinants of health, using machine learning and AI to generate predictions on patient journeys, clinical outcomes, and care coordination. By the time of the funding announcement, Clarify Health had generated more than 18 billion AI-powered predictions, helping improve care for over 65 million members and patients across more than 300 million unique patient lives. The platform offers self-service business applications to optimize networks, improve care delivery, manage population health, and support value-based care. Investors highlighted the platform's ability to deliver on-demand, real-world insights at scale, differentiating it through data enrichment, sequencing, and automation in the cloud. The new capital was earmarked to scale the self-service healthcare analytics cloud and business applications. Hilary Gosher from Insight Partners and Will Reed from Spark Capital joined the board. This round brought total funding to over $200 million, following a $57 million Series B in 2018 led by KKR. |
| Sep 2018 | Series B | KKR (lead); Tom Williams; Heron Rock Fund | $57M | - | Clarify Health Solutions, founded in 2015 and based in San Francisco, develops a predictive analytics platform for care guidance, patient engagement, and value-based care performance analysis, targeting payers, providers, and life sciences companies. The platform includes tools like Care Prism for machine-learning analytics evaluating performance at facility, physician, and patient levels, and Care Pilot app for personalized digital care maps, monitoring, and communication. It leverages a dataset of over 2 billion healthcare records on more than 100 million lives, enhanced by Qualified Entity status from CMS granting access to Medicare Parts A, B, and D claims data. In September 2018, Clarify Health raised $57 million in a Series B round led by KKR's Healthcare Strategic Growth Fund, with participation from Heron Rock Fund and others including Tom Williams, bringing total funding to roughly $63 million at that point. The capital was earmarked for expanding the care guidance platform, entering the life sciences sector via clinical trial expansion, growing clinical, sales, engineering, and data science teams, acquiring new data assets, and scaling from 60 employees to double or triple by end of 2019. KKR's Ali Satvat and Johnny Kim joined the board. Later rounds included a $115 million Series C in 2021 led by Insight Partners, Spark Capital, Concord Health Partners, and HWVP with KKR participation, and a $150 million Series D in 2022 led by SoftBank Vision Fund 2 valuing the company at $1.4 billion per Bloomberg, bringing total funding over $350 million. The company focuses on AI-driven insights to optimize patient journeys, automate care navigation, and support value-based payments using longitudinal data from 300 million patients. |
| Jun 2016 | Seed | StartX (Stanford-StartX Fund) (lead); Tom Williams; Hedgewood | $6M | $21M | Clarify Health Solutions raised $6.0 million in an initial funding round announced December 2, 2016, led by investors inspired by its digital care guidance system. The company, founded by Jean Drouin, MD, and Todd Gottula, develops a platform integrating analytics, AI, real-time patient navigation, and smart workflows to help healthcare providers adapt to value-based payment models like CMS's BPCI and CJR. Its proprietary analytics engine processes data from over 150 million claims, three million patients, and one million physicians to deliver actionable insights for capturing value in care delivery. |
Who has invested in Clarify Health Solutions?
15 investors have backed Clarify Health Solutions across its funding rounds, including KKR, Insight Partners, Spark Capital, Tom Williams, Rivas Capital and Sigmas Group.
Lead investors include SoftBank Group, Concord Health Partners, Hummer Winblad Venture Partners, Insight Partners, Spark Capital and 2 other investors.
Clarify Health Solutions Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2018 | ||
| 2 | Participant | Jun 2016 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Sep 2018 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Jun 2016 | ||
This data is available for Pro users. Sign up to see all 15 Clarify Health Solutions investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Clarify Health Solutions
Clarify Health Solutions has acquired 3 companies to date.
Last acquisition by Clarify Health Solutions was on June 3rd 2026. Clarify Health Solutions acquired Loyal for undisclosed valuation.
Latest Acquisitions by Clarify Health Solutions
| Description | Loyal is a digital platform unifying patient data across health systems using machine learning for personalized care navigation. Based in Boston, Massachusetts, it integrates electronic health records with wearables and claims data to deliver real-time insights. Health systems like Mass General Brigham use Loyal to reduce no-show rates and streamline referrals. Launched in 2019, the platform serves 20 million covered lives through payer-provider partnerships in the US Northeast and Midwest. | Embedded Healthcare is a San Francisco-based platform that applies behavioral science to deliver nudges and incentives directly at the point of care. Clinicians use its tools to implement value-based contracts more efficiently, targeting reductions in low-value care such as unnecessary antibiotics and opioids. The company partners with health plans including Blue Shield of California and Medica, supporting programs across primary care, cardiology, and emergency departments. Launched in 2016, Embedded Healthcare serves over 20 health systems and 10,000 providers nationwide. | Apervita Value Optimization is a healthcare platform focused on quality measurement and clinical intelligence. Chicago-headquartered, it enables provider collaborations for value-based care analytics and performance benchmarking. The unit integrates EHR data from Epic and Cerner to track metrics like readmission rates and HEDIS compliance. Apervita partners with health systems and payers to optimize reimbursements under Medicare Advantage programs. |
| HQ Country | |||
| HQ City | Atlanta, GA | Washington, DC | Chicago, IL |
| Deal Date | 3 Jun 2026 | 14 Mar 2022 | 4 Aug 2021 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Clarify Health Solutions acquisitions and their M&A valuation multiples. Start Free Trial | |||
Clarify Health Solutions Competitors
Clarify Health Solutions competitors include listed companies like B-Soft Co. and Phreesia, and private ones like DocPlanner, NexHealth, Shanghai LinkedCare Information Technology and Cadence Solutions.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | $35M | - | $1.2B | - | ||
| Publicly listed | $157M | ($37M) | $769M | 4.8x | ||
| Publicly listed | $481M | $27M | $638M | 1.3x |
Clarify Health Solutions Public Comps
Clarify Health Solutions is still privately-owned, but its public comps include EverCommerce, Indegene, Omnicell, JMDC, U.S. Physical Therapy, Ping An Healthcare, GoodRx, Teladoc, PHC Holdings and Vitec Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $366M | $68M | 3.7x | 3.3x | 19.9x | 18.2x | |||
| $1.2B | $92M | 1.2x | 1.1x | 15.0x | 8.1x | |||
| $324M | $88M | 5.0x | 4.6x | 18.4x | 17.9x | |||
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
| $815M | $52M | 0.9x | 0.9x | 13.4x | 16.9x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
This data is available for Pro users. Sign up to see all Clarify Health Solutions competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Clarify Health Solutions
| When was Clarify Health Solutions founded? | Clarify Health Solutions was founded in 2015. |
| Where is Clarify Health Solutions headquartered? | Clarify Health Solutions is headquartered in San Francisco, CA, United States. |
| Is Clarify Health Solutions publicly listed? | No, Clarify Health Solutions is a private, VC-backed company. |
| What is Clarify Health Solutions' valuation? | Clarify Health Solutions was last valued at $1.4B in its Series D in April 2022. |
| How much funding has Clarify Health Solutions raised? | Clarify Health Solutions has raised $328M across 4 funding rounds. |
| What was Clarify Health Solutions' last funding round? | Clarify Health Solutions' last funding round was a $150M Series D in April 2022, led by SoftBank Group. |
| Who are Clarify Health Solutions' investors? | Clarify Health Solutions' investors include KKR, Tom Williams, Sigmas Group, Spark Capital, Rivas Capital, Insight Partners, Aspenwood Ventures, Concord Health Partners, SoftBank Group, Heron Rock Fund and 5 others. |
| Which companies are comparable to Clarify Health Solutions? | Companies comparable to Clarify Health Solutions include DocPlanner, NexHealth, Shanghai LinkedCare Information Technology, Cadence Solutions, B-Soft Co. and Phreesia. |
| How many companies has Clarify Health Solutions acquired? | Clarify Health Solutions has acquired 3 companies, including Loyal, Embedded Health Care and Apervita (value optimization unit). |
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