CLARA analytics

CLARA analytics is an artificial intelligence-as-a-service (AIaaS) provider working in casualty claims for commercial insurance. Founded in 2017 and headquartered in Silicon Valley, California, the company applies machine learning to claims data for commercial insurance carriers, MGAs, reinsurers, self-insured organisations and third-party administrators. Its customers include firms from the top 25 global insurance carriers. The company has raised $64m and reports annual recurring revenue growth of over 100% year on year.

Its core platform, CLARAty.ai, is a casualty claims intelligence system that uses image recognition, natural language processing and related techniques to extract information from medical notes, legal demand packages, bills and other documents attached to a claim. Around it sits a suite of modules: CLARA Triage, CLARA Treatment, CLARA Litigation, CLARA Fraud and CLARA Claims DocIntel Pro, covering prioritisation, treatment analysis, litigation exposure, fraud detection and document intelligence respectively.

The work spans several technical domains, including machine learning, computer vision, natural language processing and document intelligence, applied to the verticals of workers' compensation, auto liability, general liability and reinsurance. CLARA analytics operates as a 100% remote-first organisation across the United States.