Terzo Raises $16 Million in Series A
Terzo, a Los Angeles, CA-based AI-powered contract intelligence platform that unlocks financial insights hidden in contracts, announced that it raised $16 million in Series A funding, bringing its total raised to $18 million.
Terzo, a Los Angeles, CA-based AI-powered contract intelligence platform that unlocks financial insights hidden in contracts, announced that it raised $16 million in Series A funding, bringing its total raised to $18 million.
The round was led by Align Ventures, with participation from TYH Ventures, Engage Ventures, Human Capital, and other institutional investors. Angel investors, including Ryan Breslow (founder & chairman of Bolt) and Daniel Saks (co-founder & president of AppDirect), also participated in the round.
With this funding, Terzo plans to expand further into the Fortune 1000, grow its sales and marketing teams, and expand its AI and machine learning capabilities to make its platform more automated and integrated.
Terzo platform is being used by a Fortune 50 retailer, Fortune 100 bank, and the largest financial transaction processor in the world.
Company: Terzo Technologies, Inc.
Raised: $16.0M
Round: Series A
Funding Month: November 2022
Lead Investors: Align Ventures
Additional Investors: TYH Ventures, Engage Ventures, Human Capital, Ryan Breslow, and Daniel Saks
Company Website: https://www.terzocloud.com/
Software Category: Contract Intelligence Software
About the Company: Founded in 2020 by Brandon Card, Al Giocondi, and Pradeep Thangavel, Terzo is a contract intelligence software powered by a unique AI-as-a-Service model. Its AI-driven contract intelligence platform is helping enterprises optimize costs and reduce risk across their third-party suppliers. Terzo extracts critical financial data trapped in contracts to help organizations optimize spending and revenue across their supplier and customer relationships. Terzo's CLM was designed on the foundation of contract intelligence, providing business teams with the necessary data to improve productivity, optimize spending, and manage risk and governance across their entire supplier ecosystem. Terzo has global operations across the United States, Canada, and India.
Source: https://www.terzocloud.com/news/terzo-raises-16m-series-a-for-ai-powered-contract-intelligence
