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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 ....

United States , Rajat Bahri , Michelle Rodriguez , Bob Blee , Silicon Valley Bank , Financial Group , Corporate Communications , Technology Corporate Banking Division , Contract Lifecycle Management , Silicon Valley , Icertis Contract Intelligence , Corporate Banking , Contract Intelligence , Valley Bank , Corporate Banking Division , Federal Reserve , Bellevue Washington Us Pune Maharashtra India , Ovember 1 Ani Prnewswire Icertis , He Contract Intelligence Company That Pushes The Boundaries Of What 39s Possible With Lifecycle Management Clm , Nnounced It Has Secured Usd 150 Million In Funding Comprised Ofa Revolving Credit Facility And Convertible Financing From Silicon Valley Bank The Funds Will Enable Icertis To Further Extend Company 39s Leadership Position Burgeoning Clm Category By Accelerating Application Of Transformational Technologies Like Artificial Intelligence , Machine Learning , Nd Blockchain To Deliver Material , Nd Consequential Value To Customers The Icertis Contract Intelligence Platform Helps Companies Structure Critical Commercial , Nd Operational Data Within Contracts And Connect That To Surrounding Procurement , Nd Crm Systems , Nabling Many Of The World 39s Largest Enterprises To Accelerate Revenue ,