ICERTIS-CLM

AI/ML leader enterprise CLM.

Definition

Icertis ICI modules: Contract Lifecycle Management (creation, negotiation, signature, repository), Risk and Compliance, Obligation Management, Negotiation Intelligence, AI Apps (DiscoverAI, NegotiateAI, GenerateAI). Adopted by Microsoft (1M+ contracts), Mercedes-Benz, Daimler Trucks, Cognizant. Majority PE B Capital, SoftBank, Greycroft. $150M raised June 2022 (~$5B value).

Origin

Icertis founded 2009 by Samir Bodas and Monish Darda in India ; HQ Bellevue WA ; ICI 8.0 release 2024.

Example in context

Microsoft uses Icertis ICI for 1.5M+ active contracts ; AI DiscoverAI automatically extracts 300+ clauses (Renewal, Indemnity, Termination).

Related terms

• Conga CLM — mid-market competitor.