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Icertis secures USD 150 million to accelerate leadership in Contract Lifecycle Management

Bellevue (Washington) [US]/ Pune (Maharashtra) [India], November 1 (ANI/PRNewswire): Icertis, the contract intelligence company that pushes the boundaries of what's possible with Contract Lifecycle Management (CLM), announced it has secured USD 150 million in funding comprised of a revolving credit facility and convertible financing from Silicon Valley Bank. The funds will enable Icertis to further extend the company's leadership position in the burgeoning CLM category by accelerating the application of transformational technologies like artificial intelligence, machine learning, and Blockchain to deliver material, unique, and consequential value to customers. The Icertis Contract Intelligence platform 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, a

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