Ironclad

Ironclad

Digital platform for automating contract management

About

Ironclad is a digital contracting platform that simplifies and automates the entire contract lifecycle for legal teams in large enterprises and fast-growing companies. The platform allows users to create, automate, and track contracts in a straightforward manner, making it easier for legal departments to manage high-volume contracts efficiently. Unlike traditional contract management systems, Ironclad is designed to be modern and user-friendly, which helps reduce bottlenecks and improve collaboration within legal teams. The company operates on a subscription-based model, offering various tiers that cater to different business needs, ensuring that clients receive continuous updates and support. Ironclad's goal is to enhance the efficiency of contract management processes, enabling legal teams to focus on supporting business growth.

Company Stage

Series E

Employees

501-1,000

Industries

Enterprise Software, Legal

Total Funding

$325M

Headquarters

San Francisco, California

Founded

2014


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Simplify's Take

What believers are saying

  • Integration with NetSuite and Salesforce enhances platform interoperability for enterprise clients.
  • The launch of Ironclad Jurist positions the company as a leader in AI-driven legal tech.
  • Strategic alliances, like with KPMG Law, open new market opportunities and enhance credibility.

What critics are saying

  • AI accuracy and security concerns may challenge the adoption of Ironclad's Jurist assistant.
  • Expansion into enterprise markets increases competition with established players like Bloomberg Law.
  • Integration with systems like NetSuite may face technical challenges requiring significant resources.

What makes Ironclad unique

  • Ironclad automates contract workflows, reducing inefficiencies in traditional contract management systems.
  • The platform's user-friendly design accelerates high-volume contracts and enhances legal team collaboration.
  • Ironclad's AI-powered assistant, Jurist, offers real-time legal document editing and transparency.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%

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.

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