Diligence memo · auto-generated · as of July 2, 2026
Clearwater Analytics Holdings, Inc.
Clearwater Analytics Holdings, Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Clearwater Analytics Holdings, Inc. operates in Software / Tech, based in Boise.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Clearwater Analytics Holdings, Inc. has raised $262M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $262M on 2025-04-30.
Most recent recorded round closed around 2025-04-30.
Valuation (modeled)modeled
Provath models Clearwater Analytics Holdings, Inc. at approximately $2.4B (range $1.5B–$3.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.79× the median modeled value of Series D+ Software / Tech companies in 2025–2027 (22 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 14 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of Software / Tech peers (3920 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: Saronic Technologies, Inc., Mercor.io Corp, Mercury Technologies, Inc., Bitmine Immersion Technologies, Inc., Elise A.I. Technologies Corp..
Peoplefiled
14 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.