SirionLabs Receives $85M Series D Round
SEATTLE, WA, SirionLabs, the global leader in artificial intelligence (AI)-powered contract lifecycle management (CLM), today announced a fresh round of $85 million in Series D funding.
The round was led by Partners Group, a leading global private markets firm, acting on behalf of its clients, 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 by entrepreneurs Ajay Agrawal, Kanti Prabha, Aditya Gupta and Claude Marais as it more than doubles the company's capitalization. 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.
Bringing together category-leading innovation, unrivaled Contract Lifecycle Management expertise, and a deep commitment to customer success, 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.
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