SimpliContract Raises $1.8M in Seed Funding
- SimpliContract, a Bengaluru, India-based AI and SaaS-based contract lifecycle management (CLM) platform, raised $1.8M in seed funding
- The round was led by Kalaari Capital with participation from Picus Capital, Arka Ventures, and Digital Sparrow Capital
- The company intends to use the funds to expand its engineering, AI research, and marketing efforts
- The company provides an AI and SaaS-based contract lifecycle management platform for organizations to accelerate revenue recognition
- The platform, built with customizable and intelligent workflows, integrates with enterprise applications and provides actionable insights
- The company currnetly supports over 4,000 enterprise users and manages 30,000+ contracts worth over $2B in value
