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§ Private Profile · Bellevue, WA, USA
Enterprise software company developing a cloud-based contract lifecycle management (CLM) platform for large organizations, managing contracts as.
Icertis has raised $496.0M across 8 funding rounds.
Key people at Icertis.
Icertis was founded in 2010 by Monish Darda. (Co-Founder) and Samir Bodas (Co-Founder).
Icertis has raised $496.0M in total across 8 funding rounds.
Icertis, a Bellevue, Washington-based company, develops the Icertis Contract Intelligence (ICI) platform, a leading cloud-based solution for enterprise contract lifecycle management (CLM). This SaaS platform assists large organizations in managing contracts as strategic assets, from creation to analysis for risk and efficiency. The company achieved a peak valuation of $5 billion in 2021, with a more recent valuation of $2.8 billion, having raised over $500 million in funding. Its enterprise software serves more than a third of the Fortune 100, including customers such as Johnson & Johnson and Airtel. As of 2015, Icertis reported 900 employees and 160 customers. It was founded on July 1, 2009, by Samir Bodas and Monish Darda. Its business model centers on saaS subscription model for its CLM platform, generating revenue from enterprise customers.
Key people at Icertis.
Icertis is a leading enterprise software company specializing in AI-powered contract lifecycle management (CLM) and contract intelligence, transforming static contracts into dynamic strategic assets that drive revenue, compliance, efficiency, and risk management.[1][4][5] Its flagship Icertis Contract Intelligence (ICI) platform serves over one-third of the Fortune 100, including major technology, media, telecom, and consulting firms, by integrating deeply with ERP, CRM, SAP, Salesforce, and Microsoft systems to automate contract creation, negotiation, performance monitoring, and agentic AI workflows.[1][3][4] The platform solves core enterprise problems like revenue leakage, maverick spend, slow deal cycles, and compliance risks, enabling faster customer onboarding, optimized spend, and real-time obligation enforcement—demonstrating strong growth through consistent Gartner Magic Quadrant leadership and innovations like the first enterprise-grade contracting copilot via Microsoft Azure OpenAI.[1][5]
Icertis empowers businesses in high-velocity sectors such as technology (accelerating sales with self-service agreements), media (digitizing artist and distribution deals), telecom (managing ecosystem spend and risk), and consulting (staying agile amid rapid business speeds).[2][3] Its mission—to realize the full potential of every business relationship—fuels momentum via AI agents that action contract intents autonomously, positioning it as a pioneer in the shift from traditional CLM to "autonomous business" systems.[1][4][7]
Icertis has specialized in contracts for over a decade, emerging as the first to envision organization-wide contract intelligence rather than mere document management.[1][5] Founded on the belief that contracts are the "single source of truth" and "rules of business," the company built its platform through deep expertise in structuring, connecting, and AI-transforming contracts across enterprise systems.[1] Key milestones include becoming a Gartner CLM Magic Quadrant leader in every edition, launching as a Microsoft Azure OpenAI partner for the first enterprise contracting copilot, and evolving from core CLM to agentic AI workflows that enforce compliance and performance autonomously.[1][4][5]
A pivotal "refounding" recently sharpened its focus on customer value and redefining contracts as dynamic commerce enablers, amid blockchain explorations for smart contracts to extend lifecycle automation.[6][7] This evolution humanizes Icertis as a bold innovator, replacing obsolete processes with AI and blockchain catalysts while serving enterprise giants.[5][6]
Icertis stands out in the CLM market through these key strengths:
These features deliver tangible outcomes: eliminating revenue leakage via precise pricing enforcement, optimizing spend through vendor consolidation, and boosting deal velocity with automated workflows.[4]
Icertis rides the agentic AI and autonomous enterprise wave, where contracts evolve from legal hurdles to strategic engines powering commerce in a trust-scarce digital economy.[1][4][7] Timing is ideal amid generative AI proliferation (e.g., Azure OpenAI partnerships) and blockchain's rise for self-executing smart contracts, aligning with market forces like hypergrowth demands in TMT/consulting, regulatory pressures, and ERP/CRM modernization.[1][3][6] By unlocking contract data for revenue optimization and risk mitigation, Icertis influences the ecosystem—enabling faster innovation, compliance at scale, and relationship codification that redefines B2B agility for Fortune 100 leaders.[2][7]
This positions it as a linchpin in enterprise AI transformation, bridging siloed systems to create "systems of performance" that amplify trends like AI-driven operations and purpose-driven commerce.[1][4][7]
Icertis is primed to dominate as contract intelligence becomes table stakes for autonomous enterprises, expanding agentic AI to full lifecycle governance and blockchain integrations for unbreakable compliance.[1][4][6] Trends like multimodal AI, global regulatory flux, and zero-trust ecosystems will propel its growth, potentially capturing more TMT/consulting market share through Vera expansions and deeper Microsoft/SAP ties.[3][4][7] Its influence may evolve from CLM leader to commerce orchestrator, empowering relationships that "run smarter and build trust faster"—tying back to its core vision of contracts as the ultimate business advantage.[1][7]
Icertis was founded in 2010 by Monish Darda. (Co-Founder) and Samir Bodas (Co-Founder).
Icertis has raised $496.0M in total across 8 funding rounds.
Icertis's investors include Asylum Ventures, B Capital Group, Berkeley Angel Network, Coinbase Ventures, FTAC Ventures, Greycroft, Ignition Partners, Innovation Endeavors, Merak Ventures, Meritech Capital Partners, Shailendra Singh, Baris Gultekin.
Icertis has raised $496.0M across 8 funding rounds. Most recently, it raised $50.0M Series U in March 2025.