The software company Icertis has today announced its $50 Mn Series D funding round from Meritech Capital Partners with additional investments by PSP Growth and Cross Creek Advisors.
Existing investors—B Capital, Ignition, Greycroft, and Eight Roads – also participated in the round.
The company’s flagship product, Icertis Contract Management (ICM), can manage, sell-side, buy-side, and corporate enterprise contracts across the globe by leveraging the power of the cloud.
With the raised funding the software provider will accelerate investment in the ICM platform’s risk management, compliance, and revenue optimisation capabilities, driven by artificial intelligence.
The company will also expand its geographical footprint in North America, EMEA, and Asia Pacific and opportunistically acquire cutting-edge technologies that address emerging needs.