Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

SirionLabs Raises $12 Mn In Series B Round From Sequoia Capital

SirionLabs Raises $12 Mn In Series B Round From Sequoia Capital

SirionLabs, a provider of enterprise SaaS products, has raised $12.25 Mn (INR 81.5 Cr) in a Series B round led by existing investor Sequoia Capital India. Besides, QualGro Asean Fund and Canopy Ventures also participated in the round.

Founded in 2012 by Ajay Agrawal, SirionLabs is the provider of enterprise SaaS products, focused on post-signature management of complex services contracts. SirionLabs’ proprietary suite, Sirion, significantly reduces the cost of supplier governance function by automating complex procedures across key governance disciplines like contract, performance, financial, relationship and risk management.

The startup plans to utilise the funds to support expansion and R&D.

Ajay Agrawal, co-founder & CEO of SirionLabs, said, “We are planning to set up a hub in Silicon Valley and start bringing in talent from the valley. We are going to use the money for R&D in automation. We want to move to 100% automation.”

SirionLabs was also the winner of IBM’s Smartcamp 2015 challenge. Earlier in 2014, SirionLabs had raised $4.7 Mn in Series A from Sequoia Capital.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


Author

Team Inc42

Inc42 Staff

Inc42 Media is a digital media startup known for its end-to-end coverage of the Indian Startup Ecosystem. Inc42 has published 15,000+ stories so far and touch the lives of over 10 million people every month. Join us and be the part of the startup revolution.

Responses
https://inc42.com/flash-feed/utoo-ajay-piramal-stake/
Loading Next…

Upcoming Events