Clear

ClearX, founded in 2018, provides blockchain-based commercial automation and settlement solutions tailored for complex B2B transactions, primarily targeting the telecommunications industry. The company was established by co-founders Eran Haggiag and Gal Hochberg, who identified the need for more streamlined B2B trade based on their direct industry experiences. Haggiag brings over two decades of experience as a tech founder and executive in fields like financial trading, insurance, and advertising, having previously co-founded and led companies such as Meme Video. Hochberg's background includes over 15 years in building software companies with a focus on applied cryptography, cybersecurity, and AI, having previously co-founded HiredScore, an AI HR technology firm.

The company's core business revolves around a platform that automates the entire order-to-cash lifecycle for enterprises. It utilizes smart contracts and distributed ledger technology (DLT) to enable businesses to automate contract management, data reconciliation, and settlements with their partners. This approach is designed to reduce friction, eliminate manual processes, accelerate payment cycles, and lower transaction fees. ClearX serves major telecommunication companies, allowing them to transform their commercial operations to support API-based commerce and integrate with cloud marketplaces. The platform is DLT-agnostic, meaning it can operate with different blockchain technologies and be deployed either on-premise or in the cloud, integrating with existing enterprise systems.

A significant milestone for the company was a 2019 Series A funding round where it raised over $13 million. This round was led by Fidelity's strategic ventures and included participation from prominent telecom operators such as Telefónica Innovation Ventures, Deutsche Telekom's Innovation Pool, Vodafone, HKT, and Singtel Innov8, underscoring the industry's confidence in its solution. Originally known as Clear, the company rebranded to ClearX in October 2021 to better reflect its focus on being a leading solution for complex business settlements. The platform has been adopted by numerous global carriers for services like wholesale voice minutes and data services, demonstrating its capacity to handle high-volume, intricate commercial relationships.

Keywords: B2B settlement, blockchain, telecom commerce, smart contracts, order-to-cash automation, DLT, enterprise software, financial technology, partner management, API integration