Fishers Startup Founder Camille Torres Sells AI Company for $60 Million

Camille Torres's Fishers-based artificial intelligence startup, ClarityWorks, was acquired this week by a national data analytics firm for approximately $60 million, capping a five-year run in which the company grew from a two-person operation into a 55-employee business serving insurance and healthcare clients across the Midwest.

Torres founded ClarityWorks after leaving a data science role at an Indianapolis-based insurance company, building software that helps organizations identify errors and inconsistencies in large datasets before they get used in reporting or compliance filings. The company built its early client base almost entirely among central Indiana insurers before expanding into healthcare data clients.

"We built this company slowly and mostly on referrals, which isn't the fastest way to grow, but it meant every client we had actually needed what we built," Torres said. "Getting an acquisition offer this size after bootstrapping the first three years without outside investment still feels surreal."

Under terms of the deal, ClarityWorks will continue operating out of its Fishers office and retain its current staff, according to Torres, who will stay on as a general manager under the acquiring company for at least two years as part of the transition agreement. The acquiring firm said it was drawn to ClarityWorks's established relationships with Midwest insurance clients, a customer base it has struggled to penetrate on its own.

Torres said she plans to use a portion of the proceeds to fund a scholarship program for Hamilton County students pursuing computer science degrees, an area she said personally mattered to her as a first-generation college graduate.