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Icertis

Enterprise contract lifecycle management platform

Overview

Icertis provides a contract lifecycle management platform that helps enterprises create, store, analyze, and govern contracts to improve business performance. The platform runs on Microsoft Azure and acts as a single source of truth with contract analytics, automation, and native integrations to other enterprise software, supporting multiple languages and countries and handling millions of contracts. It differentiates itself through deep contract-specific analytics at enterprise scale and strategic partnerships with Microsoft, SAP, and Salesforce, enabling seamless integrations and strong automation. Its goal is to help enterprises maximize contract value by increasing visibility, control, and speed across the contract lifecycle.

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About Icertis

Simplify's Rating
Why Icertis is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareCybersecurityAI & Machine Learning

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$491M

Headquarters

Bellevue, WA

Founded

2009

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What believers are saying

  • 2026 added BMW, McDonald’s, and Astrion, expanding Fortune and federal reference accounts.
  • Icertis said 2025 AI ARR rose nearly 40% after Vera and Dioptra.
  • Monthly active users grew over 60% year over year, signaling stronger product adoption.

What critics are saying

  • August 2026 whistleblower allegations forced CEO Anand Subbaraman out, destabilizing execution.
  • Rajat Bahri and Jim Moffatt still serve as interim co-CEOs, prolonging uncertainty.
  • If SAP or Microsoft deepen competing CLM offers, Icertis loses its distribution moat.

What makes Icertis unique

  • Icertis’s Vera layers context-aware AI atop contract data, workflows, and downstream business systems.
  • MGI Research ranked Icertis top CLM vendor for enterprise complexity for third straight year.
  • Deep SAP and Microsoft integrations keep Icertis embedded where enterprise decisions happen.

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Funding

Total Funding

$491M

Above

Industry Average

Funded Over

9 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison Coming Soon

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
Indian Conventions
Oct 23rd, 2026
Vivek Bhagbole Appointed Director of Financial Planning and Analysis at Icertis.

Vivek Bhagbole Appointed Director of Financial Planning and Analysis at Icertis. The short version. Vivek Bhagbole has been appointed Director of Financial Planning and Analysis at Icertis, bringing experience across financial strategy, business finance. Listen Vivek Bhagbole Appointed Director of Financial Planning Vivek Bhagbole has been appointed Director of Financial Planning and Analysis at Icertis, bringing experience across financial strategy, business finance, reporting, and transformation. His career spans financial planning and analysis (FP&A), forecasting, financial modelling, cost optimisation, and business operations. Driving Finance Transformation at SITA. Before joining Icertis, Bhagbole served as Senior Manager - Finance Transformation at SITA. In this role, he led the development of a Global Reporting & Analytics Hub designed to centralise FP&A functions and standardise reporting processes. This experience highlights his work in developing financial reporting capabilities and supporting greater consistency across finance operations. FP&A Leadership at FIS. Prior to SITA, Bhagbole spent nearly seven years at FIS, where he led financial planning and analysis for the company's $350 million APAC and MEA business. His responsibilities contributed to a professional background spanning financial planning, forecasting, financial modelling, and business finance. His experience across regional operations adds to his expertise in financial performance management. Earlier experience and academic background. Bhagbole previously held roles at Microsoft and Unisys, where he worked on business process improvements, financial performance management, and operational efficiency. He is an alumnus of the Indian Institute of Management Bangalore, adding a management education background to his experience across global technology and business services organisations. A new role at Icertis. His appointment as Director of Financial Planning and Analysis at Icertis marks the next stage in a career focused on finance leadership and transformation. His experience in centralising FP&A functions, developing reporting capabilities, and managing financial planning across regional businesses provides the context for his new position. 106 eyeballs Work with Indian Conventions Opportunities. Indian Conventions is built on participation rather than broadcast. Put your organisation forward, take the floor at a conference, or place your brand alongside work worth reading.

Parikh Worldwide Media LLC
Sep 18th, 2026
Satya Nadella addresses "IDEAS4INDIA": Indian American Tech CEOs Forum hosted by Indian Consulate, Seattle.

Satya Nadella addresses "IDEAS4INDIA": Indian American Tech CEOs Forum hosted by Indian Consulate, Seattle. September 18, 2026 - ADVERTISEMENT - South Asians & Diaspora The Consulate General of India in Seattle hosted "Ideas4India: Indian American Tech CEOs Forum | Unlocking the Tech Dividend" September 17, 2026. The event was envisaged as a follow-up to the India AI Impact Summit 2026 with an aim to learn from the unique expertise pool of the Indian American Tech community based out of Greater Seattle, a press release from the Consulate said. US News Updates The Forum brought together leading Indian-origin Tech CEOs, several of whom have spent over three decades at the frontiers of cutting-edge technologies, including in Artificial Intelligence (AI), quantum computing, semiconductors, cloud infrastructure, aerospace and enterprise software. Chairman and CEO of Microsoft Satya Nadella, was the Guest of Honour. He said he was proud to have watched the Seattle technology community grow over roughly 35 years and was pleased to see it forming and strengthening its relationship with India. He described artificial intelligence as a general-purpose technology whose benefits would depend on its broad diffusion across countries, communities and sectors. More than 40 Indian-origin CEOs and CTOs participated, including from Microsoft, Amazon, Boeing, OpenAI, Anthropic, Intel, Veeam Software, Helion, Rhythms AI, Zenoti, Anicca Data, SeekOut, Stanley, Viome Life Sciences, Edifecs, Gates Foundation, Orange Theory, Stanley 1913, Blink Health, CoralBricks AI, Qubra.ai, Cantina Labs, Waymakers and from other leading technology companies in the Pacific Northwest. The forum featured an interactive session, in which the participating CEOs shared their ideas and suggestions for strengthening the India - US technology partnership. These ranged from AI infrastructure to data centers, semiconductor design and manufacturing, quantum research collaboration, talent and skilling, aerospace and advanced manufacturing. Ambassador of India to the United States, Vinay Mohan Kwatra praised the participants' strong desire to further deepen India USA Tech partnership and reaffirmed Government of India's commitment to working with all relevant stakeholders in ensuring that India's AI Mission remains firmly anchored on the principles of inclusivity, openness, sovereignty, democratized access, safety and trust. The Indian American TECH CEOs Forum began with a minute's silence to honor the memory of two distinguished Indian origin technology stalwarts from Seattle, who had passed away recently - Samir Bodas, Co-Founder and Chief Executive Officer of Icertis, and S. Somasegar, Managing Director of Madrona Venture Group and formerly Corporate Vice President at Microsoft. Their contributions to scaling up Seattle's technology ecosystem and to supporting Indian origin start- ups were fondly recalled and appreciated by the participants. US News Updates Padma Shri recipient Ajay Bhatt, Inventor of the USB C drive (formerly with Intel) also participated in the deliberations. Several of the companies represented at the forum maintain substantial engineering, research and business operations in India. In addition, Microsoft has announced an investment of $17.5 billion in India over four years from 2026 to 2029, its largest ever in Asia, to advance the cloud and AI infrastructure, skilling and operations. Amazon has announced a total investment of $48 billion between 2026 and 2030, including expansion of AWS data center capacity at Mumbai and Hyderabad. Costco, is also establishing its first Global Capability Center at Hyderabad. According to the Seattle Consulate, this was the first time that such a gathering of Indian American Technology leaders was convened in Seattle and it is expected that "Ideas4India" Forum will continue to serve as an important platform for strengthening the India USA Technology partnership, including under the India-US TRUST Initiative (Transforming the Relationship Utilizing Strategic Technology). Under the India-US TRUST Initiative, both countries are working to connect their respective innovation ecosystems and to advance collaboration, including co-development and co-production, in artificial intelligence, quantum, semiconductors, space, telecom and biotechnology. - ADVERTISEMENT -

APAC News Network
Aug 19th, 2026
SNP names Neeraj Athalye as India MD as SAP demand grows.

SNP names Neeraj Athalye as India MD as SAP demand grows. Reading Time: 2 mins read Summarize with: Mumbai, August 19(APAC Media): SNP has appointed Neeraj Athalye as Managing Director for India, as demand for SAP transformation and cloud projects continues to grow in the country. Neeraj Athalye To Lead India Business Based in Mumbai, Athalye will oversee SNP's India operations and focus on expanding its customer and partner network. He brings more than 30 years of experience across enterprise software, SAP, cloud technology and business leadership. Before joining SNP, Athalye held senior roles at SAP, MatrixOne, Honda, John Deere, SUSE and Icertis. His experience includes working with enterprise customers and building partner ecosystems. SNP Targets SAP Transformation Market SNP's India strategy comes as companies increase spending on cloud migration, digital transformation and AI-ready data infrastructure. The company plans to work with consulting firms, hyperscalers and technology partners to support SAP transformation projects. SNP's Kyano platform combines tools for data management, migration and SAP landscape assessment. The company has also introduced AI-based capabilities aimed at helping businesses analyse data and manage transformation projects. One of the newer additions is Kyano Lorna, an agentic AI layer designed to provide project-specific insights during SAP transformations. SNP has also introduced Kyano Oros for working with unstructured enterprise data. India Becomes Key Market For SNP SNP said India is an important market in its Asia Pacific expansion plans. The company intends to strengthen its local partner ecosystem while combining its software with local delivery and industry expertise. Phillip Miltiades, President and Managing Director, Asia Pacific & Japan at SNP Group, said Athalye's experience would help the company expand its presence in India and strengthen its partner-led approach. Summarize with:

News24Technology
Aug 15th, 2026
Icertis raises $6M for cloud-based contract management software

Icertis, an enterprise software company based in Pune, India and Bellevue, Washington, has raised $6 million in series A funding. The round was led by Greycroft Partners and Fidelity Growth Partners India. The company will use the capital to expand and market its cloud-based contract management software.

Business Wire
Aug 11th, 2026
Icertis named to the 2026 Inc. 5000 list of Fastest Growing Private Companies in America.

Icertis named to the 2026 Inc. 5000 list of Fastest Growing Private Companies in America. AI Innovation with Vera Drives Sustained Growth, Earning Recognition on Prestigious List BELLEVUE, Wash.-(BUSINESS WIRE)-Icertis today announced it has been named to the 2026 Inc. 5000 for Fastest Growing Private Companies in America. This recognition reflects the company's sustained double-digit revenue growth, fueled by AI investments like its reimagined contracting experience - powered by Vera - to redefine how enterprises capture measurable business results from contracts. As the largest pure-play CLM provider in the market, Icertis supports more than one third of the Fortune 100 and continues to build momentum as a profitable company. Icertis delivered a record year of new business in 2025 and has welcomed new customers across the public sector, healthcare, and financial services industries in 2026 - reinforcing its position as the complete contract intelligence platform of choice for the world's largest enterprises and mission-critical government agencies. "Being named to the Inc. 5000 reflects the strength of our business, the trust our customers place in us, and the value enterprises are realizing from contract intelligence," said Rajat Bahri, Interim co-CEO and CFO, Icertis. "Icertis remains committed to investing in innovation while helping our customers drive measurable business results. It's our deep customer relationships and ability to enable outcomes that position us to extend our market leadership and capitalize on the significant opportunities ahead." Icertis delivers contract intelligence that combines context from millions of agreements, purpose-built AI, and connectivity with core business systems to create a complete intelligence layer that governs how organizations buy, sell, and manage commercial relationships. This enables better decisions, accelerates execution, and helps enterprises reach their commercial goals faster. "Icertis invented contract intelligence and continues to define the future of the industry," said Jim Moffatt, Interim co-CEO and Board Chair, Icertis. "By combining our AI-native foundation and enterprise strength with proven industry expertise and strategic partnerships, Icertis is bringing its vision for the autonomous enterprise to life through the power of contract intelligence." The company's continued growth and category-defining strategy have been recognized by a series of industry accolades. Icertis was recently named a Customer's Choice vendor by Gartner Peer Insights(TM) and one of the Fastest Growing Companies in the Americas by the Financial Times, underscoring market momentum and customer trust from one in every five businesses in the Fortune Global 500. The annual Inc. 5000 list ranks the fastest-growing privately held companies in America based on revenue growth over a three-year period, and recognizes organizations that have successfully navigated economic uncertainty, rapid technological change, and an increasingly competitive business landscape. About Icertis Icertis is the AI-native platform that turns contracts into measurable business impact. At the platform's core is Vera - the complete contract AI layer that understands business and industry context - connecting agreements, data, and systems to power the autonomous enterprise with contract intelligence. Contacts. Media Contact Michelle Rodriguez Senior Manager, Corporate Communications [email protected] More News From Icertis BELLEVUE, Wash.-( BUSINESS WIRE )-Icertis, the global leader in AI-native contract intelligence, today announced that its Board of Directors has appointed Rajat Bahri, Chief Financial Officer, and Jim Moffatt, a seasoned Chief Executive Officer and Icertis Board Member, as Interim co-CEOs. Moffatt has also been appointed Chair of the Icertis Board of Directors and Bahri will continue serving as CFO to execute on the company's strategy and drive sustained growth. Anand Subbaraman, who joined Ice... BOSTON-( BUSINESS WIRE )-Icertis today unveiled a next-gen contracting experience powered by Vera to redefine how enterprises contract and drive measurable business results. The new AI-native experience delivers a complete Contract Intelligence system that is context aware and outcomes driven, turning agreements across the enterprise into real business impact. With Icertis, enterprises gain: Reimagined Vera Copilot: A single, conversational control plane that understands the intention behind ev... BELLEVUE, Wash.-( BUSINESS WIRE )-Nearly half (47 percent) of in-house legal teams say they would not detect an unauthorized or incorrect AI action until after it had occurred - sometimes days or weeks later - according to new research from Icertis. The AI-native contract intelligence leader surveyed more than 1,000 U.S. corporate legal practitioners to reveal a profession in transition: While nearly 60 percent of legal teams say they are prepared to govern AI agents, many currently lack the cl... Icertis. Release Versions Media Contact Michelle Rodriguez Senior Manager, Corporate Communications [email protected]

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