Icertis, which develops enterprise contract management software, raises $80M Series E at a valuation of $2.8B, bringing its total raised to $280M (Taylor Soper/GeekWire)

    Taylor Soper / GeekWire:Icertis, which develops enterprise contract management software, raises $80M Series E at a valuation of $2.8B, bringing its total raised to $280MIcertis has raised a new $80 million investment round, pushing its valuation to $2.8 billion, up from $1.1 billion in 2019.
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    Icertis Shuts $80M Collection F Financing; Valued Over $2.8 Billion

    Icertis, a Seattle, WA-based agreement lifecycle monitoring (CLM) firm, shut an $80m Collection F financing round at a valuation of over $2.8 billion.

    The round was led by existing investor B Resources Team, with participation from Greycroft, Meritech Resources Partners, Premji Invest, PSP Development, as well as e.ventures. In addition, Icertis added Dime Pritzker, founder as well as Chairman of PSP Partners, as well as previous united state Secretary of Commerce in the Obama Administration; and Karyn Smith, basic advice at Twilio Inc., to its Board of Directors.

    The firm, which has now elevated over $280m, will utilize this financing to buy accelerating its AI and also Blockchain advancement, increasing its sales as well as advertising prexence, as well as building out its global companion network.

    Led by Samir Bodas, CEO and Co-founder, Icertis provides an AI-powered agreement lifecycle monitoring (CLM) system that transforms agreements from static documents into strategic advantage by structuring and connecting the critical contract details that defines exactly how a company runs.

    The Icertis Contract Intelligence (ICI) platform digitizes the having process, removes the critical organized and also unstructured information located in contracts, attaches this information to operational surround systems, and leverages AI to make certain the intent of every agreement is completely realized.