Malbek, a Somerset, N.J.-based AI-fueled Contract Lifecycle Management (CLM) platform, raised $15.3M in Series A funding.
The round was led by Noro-Moseley Partners with participation from TDF Ventures and Osage Venture Partners.
The company intends to use the funds to accelerate its proprietary, patent-pending AI product innovations while continuing to expand across multiple industries.
Led by Hemanth Puttaswamy, CEO and Co-founder, Malbek provides a CLM solution with a proprietary AI core that empowers the enterprise to manage the contracting demands of their entire organization, including Sales, Finance, Procurement, and other critical business units. Its end-to-end contract management platform features integration to popular business applications, like Salesforce, Workday, Slack, Office 365, and others.
The platform is used by large global organizations across a variety of industries including TIBCO Software Inc., Momentive (formerly SurveyMonkey), EDF Renewables, Pantheon, Rothman Orthopaedic Institute, and more.
FinSMEs
28/09/2021