Seal Software, a San Francisco Bay Area-based provider of content discovery and analytics solutions, raised $30M in growth capital.
Toba Capital made the investment.
The company intends to use the funds to continue to grow operations and expand its business reach.
Led by Ulf Zetterberg, Seal Software provides contract discovery, data extraction and analytics solutions. With its machine learning and NLP technologies, companies can find contracts of any file type across their networks, understand what risks or opportunities are hidden in their contracts and place them in a centralized repository.
The company has also announced a global partnership with DocuSign (NASDAQ:DOCU) in support of DocuSign’s broader System of Agreement strategy to automate and
connect the entire process of how agreements are prepared, signed, enacted and managed.
DocuSign’s cloud-based System of Agreement platform connects the e-signature technology, already used by more than 400,000 customers and hundreds of millions of users worldwide, to other aspects of the agreement process. As part of this, DocuSign will now distribute Seal Software technologies through its platform extensions program. DocuSign Total Search (powered by Seal) will enable customers to centralize all of their digital agreements, organize them using metadata (structural data), and search inside them using natural language terms (unstructured data).
The company currently has more than 200 employees.