Icertis Raises $150M in Funding

icertis

Icertis, a Bellevue, WA-based provider of a contract lifecycle management (CLM) platform, raised $150M in funding.

Silicon Valley Bank provided the revolving credit facility and convertible financing from Silicon Valley Bank.

The company intends to use the funds to further extend its leadership position in the CLM category by accelerating the application of transformational technologies like artificial intelligence, machine learning, and blockchain.

Icertis provides an AI-powered, analyst-validated Contract Intelligence (ICI) platform that helps companies structure critical commercial, legal, and operational data within contracts and connect that data to surrounding procurement, ERP, HCM, and CRM systems, enabling many of the world’s largest enterprises to accelerate revenue, reduce costs, better manage risk, and ensure compliance.

Today, iconic brands and innovators use Icertis to govern the rights and commitments in their 10 million+ contracts worth more than $1 trillion in 40+ languages and 90+ countries.

FinSMEs

31/10/2022