SimpliContract provides an AI- and NLP-enabled SaaS CLM platform that serves legal, sales, finance, procurement, and HR teams. The platform streamlines the contracting lifecycle, reduces complexity and friction, ensures compliance, and enables real-time collaboration across stakeholders. It serves enterprise customers including Bass Pro Shops, ATI Physical Therapy, NHS, Kent Police, Cyient, Flipkart Group, and Byju's, with $30 billion in total contract value under management and 20K+ enterprise users. The company was founded in 2020 and is headquartered in Bengaluru. In April 2023 SimpliContract raised $3.5M in a pre-Series A round, bringing total funding to $5.3M. The company plans to use the funds to fuel growth and expand into US and European markets, with a focus on investing in sales and marketing. SimpliContract provides an AI and SaaS-based contract lifecycle management platform built with customizable, intelligent workflows that integrate with enterprise applications. The platform delivers actionable insights to users across procurement, sales, and legal functions to accelerate revenue recognition and lower legal operations costs. It is designed to reduce contractual penalties and enable control over business operations and the bottom line. SimpliContract currently supports over 4,000 enterprise users and manages 30,000+ contracts worth over $2B in value. The company plans to use new funding to expand engineering, AI research, and marketing efforts. It was founded in early 2020 by Guru Venkatesan, Jinaraj PG, and Makesh Kumar.

Total raised

$5M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2023