USA – SirionLabs, a Seattle, WA-based AI-powered contract lifecycle management (CLM) platform, raised $44M in Series C funding.
The round, which brought total capital raised to date to $66M, was led by Tiger Global and Avatar Growth Capital. The company intends to use the funds to strengthen its leadership in the CLM category. Founded in 2012 by Ajay Agrawal, Co-founder, Chairman and CEO, SirionLabs is a provider of a SaaS enterprise contract management (CLM) platform for enterprises to manage the complete contracting lifecycle. Key innovations include AI-led contract authoring, automated obligation extraction, real-time service level computation and predictive invoicing on a permissioned ledger architecture to promote true buyer-supplier collaboration and reduce leakage. The Sirion Network hosts contracts in over 40 languages for more than 200 of the world’s largest companies including Vodafone, Unilever, BP, EY, Fujitsu, Credit Suisse and Abbvie. The team also includes: With more than 500 employees across three continents, the company enables companies such as Vodafone, Unilever, AbbVie, BP, Credit Suisse and EY to manage 3.5+ million contracts across 100+ countries. 13/05/2020
