Clearwater Analytics reports no material exposure to SVB receivership; affiliate client <1.5% of ARR

Clearwater Analytics Holdings, Inc.

No deposits or direct investments at Silicon Valley Bank; no expected effect on liquidity or treasury operations.
SVB affiliate client represents less than 1.5% of annualized recurring revenue as of Dec 31, 2022.
Client was current in payments; receivable balance is de minimis; services are for end-clients at third-party custodian.
Company does not believe it has any material exposure to the SVB receivership.

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