Companies · Healthtech

Clarify Medical, Inc.

San Diego · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Clarify Medical, Inc. — recommendation, valuation, rhythm, risks.
$67.6M
Total raised · real
6
Rounds
2.7×
Latest step-up
Top 7%
Sector rank · raised
Series C
Latest stage · inferred · Wed Oct 06 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Clarify Medical, Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the healthtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.71× the median modeled value of Series C Healthtech companies in 2019–2021 (33 peers) — value vs value, same stage and era.
  • Within the normal band (71% of peer median) for its niche.
Dormant
  • Last raise 4.7 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Healthtech

Clarify Medical, Inc. is one of 2138 Healthtech companies tracked from San Diego. By capital raised it ranks among the largest (ahead of 94% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2021-10-06
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeries A · 2014-06-09 Raised $6.5M (real) Modeled valuation $146M (est)Series A2014Seed · 2014-06-09 Raised $2.0M (real) Modeled valuation $54M (est)Seed2014Seed · 2014-06-09 Raised $1.4M (real) Modeled valuation $39M (est)Seed2014Pre-Seed · 2014-06-09 Raised $150K (real) Modeled valuation $5.2M (est)Pre-Seed2014Seed · 2017-07-06 Raised $3.2M (real) Modeled valuation $89M (est)Seed2017Seed · 2017-12-22 Raised $1.0M (real) Modeled valuation $28M (est)Seed2017Seed · 2018-05-25 Raised $1.8M (real) Modeled valuation $49M (est)Seed2018Seed · 2018-05-25 Raised $2.6M (real) Modeled valuation $72M (est)Seed2018Series B · 2019-10-22 Raised $16M (real) Modeled valuation $391M (est)Series B2019Series C · 2021-10-06 Raised $43M (real) Modeled valuation $776M (est)Series C2021+$2.0M+$1.4M+$150K+$3.2M+$1.0M+$1.8M+$2.6M+$16M+$43MCumulative $77M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$6.5M · 2014
Bridge · Series A-stage$2.0M · 2014smaller follow-on
Bridge · Series A-stage$1.4M · 2014smaller follow-on
Bridge · Series A-stage$150K · 2014smaller follow-on
Bridge · Series A-stage$3.2M · 2017smaller follow-on
Bridge · Series A-stage$1.0M · 2017smaller follow-on
Bridge · Series A-stage$1.8M · 2018smaller follow-on
Bridge · Series A-stage$2.6M · 2018smaller follow-on
Series B$15.8M · 2019
Series C$43.0M · 2021

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$776.1M
Base estimate est.
$156.3M
Conservative case
$1.7B
Upside case
$286.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Series A · modeled $146.3M · 2014-06-092014Seed · modeled $54.3M · 2014-06-09Seed · modeled $38.7M · 2014-06-09Pre-Seed · modeled $5.2M · 2014-06-09Seed · modeled $89.2M · 2017-07-06Seed · modeled $28.2M · 2017-12-22Seed · modeled $49.1M · 2018-05-25Seed · modeled $72.3M · 2018-05-25Series B · modeled $391.3M · 2019-10-22Series C · modeled $776.1M · 2021-10-062021
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
55% low · 85% high
1.32×/yr
Annual markup
1.51×/yr upside case
4.7 yr
Elapsed time used
4.7 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$9.2M/yr
Capital velocity
12.1 yr
On record since
2014
First round
10
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 15× above median
This company$67.6M
Sector median$4.5M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.9× of median
This company$43.0M
Sector median$46.5M
Modeled value — vs sector median (estimate, all stages) 23× above median
This company$776.1M
Sector median$33.8M

Raised more than 94% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #27 of 33.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Virta Health Corp. · Series C Raised $122.0M · modeled $2.4B (est)Fresenius Medical Care Voorhees, LLC · Series C Raised $71.1M · modeled $1.8B (est)Clear Health Pass Holdings LLC · Series C Raised $100.0M · modeled $1.8B (est)Zealth, Inc. · Series C Raised $95.0M · modeled $1.7B (est)Jawbone Health Hub, Inc. · Series C Raised $65.4M · modeled $1.7B (est)Boston Health Economic Holdings, LLC · Series C Raised $63.0M · modeled $1.6B (est)PWN Health Holdings, Inc. · Series C Raised $61.8M · modeled $1.5B (est)Quartet Health, Inc. · Series C Raised $127.0M · modeled $1.4B (est)Workit Health, Inc. · Series C Raised $87.9M · modeled $1.4B (est)Ajax Health II LLC · Series C Raised $51.0M · modeled $1.3B (est)Eden Health, Inc. · Series C Raised $73.4M · modeled $1.3B (est)NeuSpera Medical Inc. · Series C Raised $88.6M · modeled $1.3B (est)Clarify Medical, Inc. (this company) Raised $67.6M · modeled $776.1M (est)Clarify Medical, Inc.
CompanyStageRaised · realValue · estvs peer med.
Virta Health Corp.Series C$122.0M$2.4B2.19×
Fresenius Medical Care Voorhees, LLCSeries C$71.1M$1.8B1.67×
Clear Health Pass Holdings LLCSeries C$100.0M$1.8B1.67×
Zealth, Inc.Series C$95.0M$1.7B1.55×
Jawbone Health Hub, Inc.Series C$65.4M$1.7B1.54×
Boston Health Economic Holdings, LLCSeries C$63.0M$1.6B1.48×
PWN Health Holdings, Inc.Series C$61.8M$1.5B1.39×
Quartet Health, Inc.Series C$127.0M$1.4B1.29×
Workit Health, Inc.Series C$87.9M$1.4B1.27×
Ajax Health II LLCSeries C$51.0M$1.3B1.20×
Eden Health, Inc.Series C$73.4M$1.3B1.19×
NeuSpera Medical Inc.Series C$88.6M$1.3B1.19×
Clarify Medical, Inc. this companySeries C$67.6M$776.1M0.71×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$6.5M2014-06-09$29.5M$146.3M90%
Seed$2.0M2014-06-09$9.8M$54.3M85%
Seed$1.4M2014-06-09$7.0M$38.7M85%
Pre-Seed$150K2014-06-09$836K$5.2M85%
Seed$3.2M2017-07-06$16.1M$89.2M90%
Seed$1.0M2017-12-22$5.1M$28.2M90%
Seed$1.8M2018-05-25$8.9M$49.1M90%
Seed$2.6M2018-05-25$13.0M$72.3M90%
Series B$15.8M2019-10-22$87.7M$391.3M90%
Series C$43.0M2021-10-06$286.7M$776.1M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$6.5M2014-06-09
    • First recorded raise — entered as Series A.
    • 51 investors on this round.
  2. Seed$2.0M2014-06-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 20 investors on this round.
  3. Seed$1.4M2014-06-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  4. Pre-Seed$150K2014-06-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 9.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Seed$3.2M2017-07-06
    • Raised again after 37 mo — slower than the ~14 mo sector norm.
    • Round 21.4× larger than the prior — scaling up.
    • 38 investors on this round.
  6. Seed$1.0M2017-12-22
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  7. Seed$1.8M2018-05-25
    • Came back fast: 5 mo vs the ~14 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 9 investors on this round.
  8. Seed$2.6M2018-05-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 12 investors on this round.
  9. Series B$15.8M2019-10-22
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 6.1× larger than the prior — scaling up.
    • 19 investors on this round.
  10. Series C$43.0M2021-10-06
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 15 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~10mo cadence
$117.1M
Modeled next size est.range $76.1M$187.4M
2.7×
Last step-up
$9.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
David F Hale15 other2014-06
PAUL LAVIOLETTE11 other2021-10
Robert Garber7 other2018-05
Bruce Robertson6 other2021-10
David Hale3 other2014-06
John Schellhorn3 other2021-10
Rex Bright2 other2014-06
George Mahaffey1 other2017-12
John Buhler1 other2014-06
Amit F. Pandya, M.D.2014-06
Amit G. Pandya, M.D.2017-12
Charlene M. Kakimoto, M.D.2014-06
David T. Hale2017-12
Donald Canal2017-12
Edward Fulham2021-10
Edward M. Fulham2017-12
James M. Sweeney2014-06
John T. Buhler2014-06
Kathleen Scott2014-06
Kathy Scott2014-06
Martyn Gross2014-06
Michael M. Wasserman2018-05
Paul F. LaViolette2018-05
Raymond M. Huggenberger2017-12
Registry & provenance

Clarify Medical, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1615353
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
CSA Medical, Inc.HealthtechSeries C$156.7M$484.1Mnetwork1 shared operator · same sector · same stage
Monteris Medical US, Inc.HealthtechSeries B$82.5M$168.2Mnetwork1 shared operator · same sector
Diverge Health, Inc.HealthtechSeries C$68.2M$407.8Msame sector · same stage
Ophelia Health, Inc.HealthtechSeries C$68.4M$859.9Msame sector · same stage
Fuzzy Pet Health, Inc.HealthtechSeries C$66.1M$776.5Msame sector · same stage
InterWell Health, LLCHealthtechSeries C$66.1M$944.9Msame sector · same stage
Diana Health, Inc.HealthtechSeries C$66.0M$345.2Msame sector · same stage
Brightside Health, Inc.HealthtechSeries C$69.9M$800.8Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Clarify Health Solutions, Inc.HealthtechSeries D+$2.9B95%
What About Health, Inc.HealthtechPre-Seed$7.6M87%
Sheer Health, Inc.HealthtechSeed$32.6M85%
Unify Medical Inc.HealthtechSeed$56.6M85%
Clear Health Pass Holdings LLCHealthtechSeries C$1.8B85%
Perfect Health, Inc.HealthtechSeries B$585.7M85%
ReThink Medical, Inc.HealthtechSeed$89.4M84%
Modify Health LLCHealthtechSeries A$58.8M84%
Frequently asked
How much funding has Clarify Medical, Inc. raised?
Clarify Medical, Inc. has raised approximately $67.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Clarify Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Clarify Medical, Inc. is approximately $776.1M (modeled range $156.3M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Clarify Medical, Inc. at?
Clarify Medical, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Oct 06.
What does Clarify Medical, Inc. do and where is it based?
Clarify Medical, Inc. operates in the Healthtech sector, based in San Diego.
Explore related

See where Clarify Medical, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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