Bengaluru (Karnataka) [India], April 12 (ANI/BusinessWire India): SimpliContract, a leading player in the Contract Lifecycle Management (CLM) market with its AI-powered SaaS platform, has successfully closed a pre-series A funding round with USD 3.5 million raised
SimpliContract, an AI and SaaS-based contract lifecycle management (CLM) platform, has raised $1.8 million in a seed funding round led by Kalaari Capital with participation from Picus Capital, Arka Ventures, and Digital Sparrow Capital. This funding will drive its efforts in engineering, AI research, and marketing. SimpliContract democratises contract authoring and establishes powerful post-signature contract management practices by leveraging AI and natural language processing (NLP). The product supports organisations across the contract lifecycle – from request to renewal – and enables effective collaboration for internal and external stakeholders such as vendors and customers. We are seeing significant interest and adoption in the market within a few months of launch. SimpliContract’s AI-driven platform supports over 4,000 enterprise users and manages 30,000+ contracts worth over $2 billion in value. Organizations are seeing value in user-centric interface, AI capabili
SimpliContract raises $1.8 million in seed funding led by Kalaari Capital
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Last Updated: Jun 14, 2021, 06:54 PM IST
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Synopsis
SimpliContract, an AI- and SaaS-based contract lifecycle management platform, will use the funding from investors Kalaari Capital and others to drive its efforts in engineering, AI research and marketing.
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Guru Venkatesan, co-founder of SimpliContract. (Photo: Company website)
Bengaluru:SimpliContract, a SaaS-based contract lifecycle management platform, has raised $1.8 million in a seed funding round led by Kalaari Capital, with participation from Picus Capital, Arka Venture Labs, and Digital Sparrow Capital.
The Bengaluru- and Boston-based startup plans to use the funds raised to drive its efforts in engineering, artificial intelligence research, and marketing.