About Icertis
Icertis was founded in 2009 by Samir Bodas and Monish Darda, based on the observation that contracts, the legal agreements underlying nearly every significant business relationship a company has with its customers, suppliers, and partners, are collectively enormously valuable and consequential documents, but that most large enterprises historically managed contracts using a fragmented mix of shared drives, email, and disconnected document management systems, making it difficult to track contract obligations, renewal dates, and compliance requirements systematically across potentially tens of thousands of active contracts spread across different business units and geographies.
Icertis's platform provides a centralized contract lifecycle management system that helps large enterprises draft contracts using pre-approved templates and clause libraries, route contracts through appropriate internal approval and negotiation workflows, and, critically, extract and track key contractual obligations, dates, and terms once a contract is signed, using AI to analyze contract language and automatically flag important information such as renewal deadlines, pricing terms, or compliance obligations that might otherwise get lost in a filing cabinet or shared drive folder once a contract is executed and attention naturally shifts elsewhere. This ongoing contract intelligence capability has become an increasingly important differentiator for contract management platforms, since the value of a contract management system extends well beyond simply storing signed documents to actively surfacing and tracking the obligations and opportunities embedded within a company's full portfolio of active contracts, work that has traditionally required significant manual legal and compliance staff time to track systematically. Icertis's customers span very large global enterprises across many industries with substantial contract volumes and complexity, including significant customers in regulated industries like pharmaceuticals and financial services where contract compliance tracking carries particular regulatory weight. The company has raised very substantial venture funding from investors including SoftBank Vision Fund, Premji Invest, and Greycroft, reaching a valuation exceeding $5 billion, competing with other contract lifecycle management platforms including DocuSign's CLM product and ContractPodAi.
