Malbek provides an end-to-end contract lifecycle management platform powered by a proprietary AI core that helps enterprises manage contracting across Sales, Finance, Procurement and other business units. The platform integrates with popular business applications such as Salesforce, Workday, Slack, and Office 365. Malbek’s solution is used by large global organizations including TIBCO Software Inc., Momentive (formerly SurveyMonkey), EDF Renewables, Pantheon, and Rothman Orthopaedic Institute. Led by CEO and co-founder Hemanth Puttaswamy, the company emphasizes its patent-pending AI innovations as a core differentiator. Malbek plans to use recent capital to accelerate those AI product innovations and to continue expanding across multiple industries. Malbek provides cloud-based contract management solutions designed for business users, emphasizing self-service configurability. Its proprietary artificial intelligence engine and search-and-filter capabilities enable Sales, Legal, Finance, and Procurement to harness insights found in contract data. The platform aims to accelerate deal cycles and protect profit margins. The company was founded by Matt Patel (COO), Hemanth Puttaswamy (CEO) and Madhu Poolu (CTO). Malbek closed a $3M funding round to support its growth. It intends to use the funds to invest in product innovation, including AI and advanced technologies, grow sales and marketing, and add to its customer experience team.

Total raised

$18M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2021