Icertis

Icertis

AI-driven platform for contract management solutions.

Founded

2009

Headquarters

Bellevue (United States)

Status

Series F

Company Details

Website

Socials

Email

N/A

Phone

+1 - 4258697649

Icertis operates in the enterprise software sector, focusing on contract lifecycle management (CLM)  and honestly, it's become a serious player in the space. The CLM industry itself is a $20 billion global market and Icertis has carved out a strong chunk of that. The company has built its name around helping businesses deal with contracts and not just storing them, but really understanding them.The unique value proposition of Icertis lies in its ability to transform contract data into actionable insights, thereby optimizing business performance.

Core Products and Services

  • The Brains Behind Contract Management: At the core of it all is its AI-powered Contract Lifecycle Management platform. Now, that might sound technical, but think of it like this it helps companies create, manage and track their contracts more efficiently. 
  • Icertis Contract Intelligence (ICI): One of the standout tools is ICI Icertis Contract Intelligence. It's kind of like having an AI assistant who reads every single contract, pulls out important stuff, spots risks, and keeps things in check. 
  • Integration That Actually Makes Life Easier: The platform also plays nicely with others. It connects with systems like SAP, Salesforce, and Microsoft Dynamics, so businesses can manage contracts within the apps they’re already using.

Business Model and Revenue Streams

  • Different Plans for Different Needs: There’s flexibility in how much you pay, too. Some businesses just need the basics, while others want the full suite with AI analysis, compliance tracking, and integrations. 
  • Services That Add Value: And here’s where they also make money: implementation and support services. A lot of companies don’t just buy the software they need help setting it up, training employees and tweaking it to fit their workflows. 
  • Partner Ecosystem: On top of that, Icertis has a growing partner ecosystem, teaming up with major players like Microsoft Azure, consulting firms and system integrators.

Key People

Samir Bodas

Monish Darda

Unmesh Bhathija

Key Metrics

Total Equity Funding

$497 Million

No. of Funding Rounds

12

Latest Funding Round

$50 Million, Series F

as of March 4, 2025

Post Money Valuation

$5 Billion

as of January 1, 2022

Funding Multiple

10.6

as of January 1, 2022

Investors

Greycroft

and 3 more

Employee Count

2370

Similar Companies

Eudia

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
March 4, 2025Series F$50 Million-Undisclosed
October 31, 2022Series F$75 Million ---SVB
January 25, 2022Series F$80 Million$5 Billion--SAP
March 11, 2021Series F$80 Million$2.8 Million-- B Capital, Greycroft, Meritech, PSP Partners
July 17, 2019Series E$115.0 Million$1 Billion--Greycroft, Cross Creek, Eight Roads Ventures, Meritech, PSP Partners, Ignition Partners, B Capital
February 8, 2018Series D$50 Million--- Meritech, Greycroft, Eight Roads Ventures, PSP Partners, Cross Creek, Ignition Partners, B Capital
March 29, 2017Series C$25 Million---B Capital, Greycroft, Eight Roads Ventures, Headline, Ignition Partners
March 10, 2016Series B$15 Million---Ignition Partners, Greycroft, Eight Roads Ventures
March 23, 2015Series A$6 Million--- Greycroft, Eight Roads Ventures
March 25, 2013Series A$500 K----
January 1, 2012Seed$500 K----

Recent News