SirionLabs, a Seattle, WA-based global leader in artificial intelligence (AI)-powered contract lifecycle management (CLM), announced that it secured $85 million in Series D funding.
The round was led by Partners Group, with participation from existing investors Avatar Capital, Sequoia Capital, and Tiger Global.
This brings the total raised by SirionLabs to $157 million – a significant milestone for the company since it was founded in 2012.
The investment will enable SirionLabs to continue expanding its leadership position in the rapidly growing enterprise CLM market, which is projected to reach $3.3 billion by 2027.
Company: SirionLabs Inc.
Raised: $85.0M
Round: Series D
Funding Month: May 2022
Lead Investors: Partners Group
Additional Investors: Avatar Capital, Sequoia Capital, and Tiger Global
Company Website: https://www.sirionlabs.com/
Software Category: Contract Lifecycle Management
About the Company: Founded in 2012. by entrepreneurs Ajay Agrawal, Kanti Prabha, Aditya Gupta, and Claude Marais, SirionLabs offers a SaaS enterprise contract management (CLM) platform to help enterprises manage the contracting lifecycle. SirionLabs helps the world’s leading businesses contract smarter. Powered by intelligence uniquely connected across the complete contract lifecycle, SirionLabs’ easy-to-use, highly configurable Smarter Contracting platform brings legal, procurement, sales, and business teams together to author stronger contracts, improve risk management and strengthen counterparty relationships. SirionLabs is trusted by over 250 leading organizations to manage 5+ million contracts worth more than $450 billion across 70+ countries.
Source: https://www.sirionlabs.com/news/sirionlabs-secures-85m-to-accelerate-growth-and-leadership-in-the-enterprise-contract-lifecycle-management-market/