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About Ironclad
Industries
Enterprise Software
Legal
Company Size
501-1,000
Company Stage
Series E
Total Funding
$334.1M
Headquarters
San Francisco, California
Founded
2014
Overview
Ironclad is a digital contracting platform that helps legal teams in large enterprises and fast-growing companies manage the entire contract lifecycle more efficiently. The platform allows users to create, automate, and track contracts in a straightforward manner, making it easier for legal departments to handle high-volume and high-value contracts. Unlike traditional contract management systems that can be complex and difficult to use, Ironclad offers a modern and intuitive interface that promotes collaboration and reduces bottlenecks in the contract process. The company operates on a subscription-based model, providing clients with access to various features and ongoing support, which helps ensure a steady income stream and customer retention. Ironclad's goal is to streamline contract management for legal teams, enabling them to focus on business growth and optimize their workflows.
Simplify's Take
What believers are saying
- Ironclad's recognition as a leader in The Forrester Wave™ boosts its market credibility.
- Integration with NetSuite enhances contract data capabilities across enterprise resource planning platforms.
- Experienced executive hires position Ironclad to scale enterprise software solutions effectively.
What critics are saying
- Competition from AI-driven solutions like Bloomberg Law could erode Ironclad's market share.
- Rapid AI adoption may outpace Ironclad's ability to innovate, risking client dissatisfaction.
- Expansion into new markets may face challenges due to regional regulations and dynamics.
What makes Ironclad unique
- Ironclad automates contract workflows, reducing reliance on IT resources for legal teams.
- The platform's user-friendly interface accelerates high-volume contracts and self-service processes.
- Ironclad's AI assistant, Jurist, offers transparency in AI decision-making for legal professionals.
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Funding
Total Funding
$334.1M
Above
Industry Average
Funded Over
6 Rounds
Accel
Y Combinator
SV Angel
Greylock PartnersIndustry standards
Benefits
Network of mentors - Receive mentorship from our world-class network of mentors, including founders, salespeople, marketers, engineers, and designers.
Health & wellness - Great health care insurance, monthly fitness reimbursement, and seasonal activities like yoga, surfing, and hikes with our dogs are just some of the ways we help take care of employee health and wellness.
Company retreats - Twice yearly, we retreat to local spots like Tahoe or Wine Country for our company off-sites.
Team events - We bond outside of work over games, happy hours, concerts, and more.
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%Noted for its market share with both tech companies and those undergoing digital transformation, "companies that require flexibility and control" should look at IroncladSAN FRANCISCO, Feb. 20, 2025 /PRNewswire/ -- Ironclad , the leading contract management platform for modern businesses, announced today that it has been positioned in the Leaders category in The Forrester Wave™: Contract Lifecycle Management Platforms, Q1 2025. Ironclad was cited for its significant market share among technology companies and those undergoing digital transformation. The report also cited Ironclad's self-service capabilities, especially speed and ease of creating workflows without relying on IT resources, and forward-thinking approach to innovation. According to the report, "Companies that require flexibility and control" should look at Ironclad.Click here to see the full The Forrester Wave™: Contract Lifecycle Management Platforms, Q1 2025.The Forrester Wave™: Contract Lifecycle Management identified the 12 most significant CLMs and evaluated them based on 26 different criteria. The Forrester team researched, analyzed, and scored each vendor to show how each measures up and helps contract management professionals select the right vendor for their specific needs.Ironclad received the highest scores possible in the following criteria: Contract Digitization, Sell-side Contracts, Legal Operations, Contract creation, contract review, negotiation, and execution, Interoperability, Workflow, Reporting and visualization, Usability, Contract self-service, and edge use cases
Chris Young, who stepped down as general counsel in June after six years with Ironclad, continues to serve as a part-time advisor during the transition.
Singh joins on the heels of the launch of Ironclad's AI agent-powered assistant, Ironclad Jurist. SAN FRANCISCO, Nov. 22, 2024 /PRNewswire/ -- Ironclad, the leading digital contracting platform for modern businesses, today announced the hiring of Jasmine Singh as General Counsel. Singh joins the Ironclad team after working as General Counsel and Chief Legal Officer at Binti and previously served as Deputy General Counsel at Patreon and Assistant General Counsel at Pinterest. Before working in-house, Singh spent six years as a litigator with law firms in San Francisco. Earning Order of the Coif honors as a graduate of UCLA Law, Singh has built a distinguished career championing equity and inclusion and pro bono work, founding the pro bono program at Pinterest, creating 24 Hour Fitness's first mentorship program for women, and launching mentorship programs for law students
Bloomberg Law competes with Ironclad to provide contract software.
The conversational AI assistant utilizes purpose-built multi-agent technology that works together to automate legal work, giving legal professionals a singular place to work with all the right tools and information in one seamless experience. SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ -- Ironclad, the leading digital contracting platform for modern businesses, today announced the public launch of a new conversational AI legal assistant, Ironclad Jurist. Jurist allows legal professionals to draft, edit, review, summarize, translate, and answer questions related to modern contracting. Jurist is the only AI-powered assistant purpose-built for lawyers that lets users create and iterate on any legal document with past company precedent, benchmarks, and real-time changes in the legal space—all in an online, fully editable .docx workspace. Jurist, built on Ironclad's open-source visual programming platform Rivet, offers users unprecedented transparency into AI decision-making within a contract by displaying agent actions and reasoning, complete with citations in its online research mode
Ironclad is Hiring for 26 Jobs on Simplify!
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About Ironclad
Industries
Enterprise Software
Legal
Company Size
501-1,000
Company Stage
Series E
Total Funding
$334.1M
Headquarters
San Francisco, California
Founded
2014
Ironclad is Hiring for 26 Jobs on Simplify!
Find jobs on Simplify and start your career today
UI/UX & Design
1 Open Roles
People & HR
2 Open Roles
People Also Viewed
Discover companies similar to Ironclad