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Icertis Secures $150M to Accelerate Leadership in Contract Lifecycle Management

Bellevue, Washington When pune, india, November 1, 2022 /PRNewswire/ — Icertis, a contract intelligence company pushing the boundaries of what’s possible in contract lifecycle management (CLM), $150 million Financing consisting of a revolving credit facility and convertible financing from Silicon Valley Bank.

The funding will allow Icertis to expand its reach in the fast-growing CLM category by accelerating the application of transformative technologies such as artificial intelligence, machine learning and blockchain, delivering significant and unique resulting value to its customers. You can further expand your leadership position. The Icertis Contract Intelligence platform helps companies structure critical commercial, legal, and operational data within contracts and connect that data to their surrounding procurement, ERP, HCM, and CRM systems, helping the world’s largest companies It enables many to accelerate revenue, reduce costs, and improve management. Avoid risk and ensure compliance.

“Customers across all industries are using our AI-driven contract intelligence platform to digitally record the purpose of all commercial relationships and ensure that the intent of those contracts is fully realized. must be more agile, more efficient, and responsive to market challenges such as inflation, sanctions, economic slowdowns and supply chain disruptions.” rajat bali, CFO of Icertis. “This new funding from Silicon Valley Bank is a huge vote of confidence in our growth trajectory and strengthens our already strong capital base, captures market share and marks the next exciting chapter in our journey. It allows us to build towards

According to MGI Research, the total market for categories covered by CLM is $30 billion[1] in the next five years. Icertis is at the forefront of contract management, transforming the CLM category and pioneering contract intelligence. With robust AI and deep and broad technology partnerships, Icertis structures and unifies contract data to deliver end-to-end value across the enterprise by automating processes, maximizing contract value and mitigating risk.

Icertis achieved unprecedented growth and momentum in the CLM market last year. This is demonstrated by a wave of industry-first vertical his solutions, strong new partnerships, trusted relationships with iconic customer brands, and analyst ratings that continue to strengthen the company’s unique momentum. strategic achievement.

“We are excited to work with Icertis to support their continued growth as the market-leading contract intelligence platform. Bob Bree, Head of US Technology Corporate Banking at Silicon Valley Bank. “Contracts are the foundation of commerce and sit at the intersection of nearly every business process. Understanding and using the underlying data can drive significant business impact across a wide range of businesses. Icertis We are proud to help your team build a lasting business.and industryA large enterprise software company. ”

About iCertis

With unparalleled technology and category-defining innovations, Icertis pushes the boundaries of what is possible in Contract Lifecycle Management (CLM). An AI-powered, analyst-validated contract intelligence (ICI) platform transforms contracts from static documents to strategic advantage by structuring and connecting critical contract information that defines how an organization operates. to Today, the world’s most iconic brands and disruptive innovators entrust their rights and commitments in over 10 million contracts to Icertis. $1 trillion In 40+ languages ​​and 90+ countries.

About Silicon Valley Bank

The world’s most innovative corporate and investor bank, Silicon Valley Bank provides commercial banking services, expertise and insight to the technology, life sciences and healthcare, private equity, venture capital and premium wine industries. . Silicon Valley Bank operates in innovation centers around the world and is one of SVB’s core businesses, along with SVB Capital, SVB Private and SVB Securities. Global commercial banking services help Silicon Valley Bank meet the unique needs of its dynamic, fast-growing and innovative customers. For more information, please visit

SVB’s Technology Corporate Banking division works with some of the most innovative public and late-stage private companies in the U.S. technology sector to provide a full suite of lending and banking solutions, as well as support client success and rapid We provide guidance as an active and trusted partner to help you grow.

Silicon Valley Bank is a member of the FDIC and Federal Reserve. Silicon Valley Bank California A banking subsidiary of SVB Financial Group (SVB) (Nasdaq: SIVB). SVB Financial Group is the holding company for all business units and groups. © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and CHEVRON DEVICE are trademarks of SVB Financial Group used under license.

[1] MGI Research 2022:

media contact

Michelle Rodriguez
Senior Manager, Corporate Communications
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