Terzo offers a suite of contract processing tools that use AI to extract financial and operational data from business contracts, supervised by a quality assurance team to ensure baseline accuracy. The platform integrates with enterprise resource systems such as SAP and Oracle to track contractual obligations, expirations and ESG-related metrics. Terzo’s AI was trained on real-world business contracts to surface insights like inventory and costs for finance and IT teams. The company has "over a dozen" customers, including a Fortune 50 retailer and the largest financial transaction processor in the world. Management plans to drive revenue to cover over 50% of overall expenses in the next year and aims to break even in 2024 and be profitable by 2025. New funding will be used for sales and marketing and to enhance the platform’s AI capabilities. Terzo provides a SaaS-based Vendor Relationship Management (VRM) platform for enterprises to gain insights to drive innovation, improve governance, increase collaboration and optimize performance. Led by CEO Brandon Card, the platform helps enterprises manage contracts, track goals and evaluate opportunities, increasing collaboration among the right stakeholders within and across organizations. The company is gaining traction with Fortune 500 enterprises. Terzo is based in Los Angeles, CA. The company raised $3.2M in seed funding and intends to use the funds to continue to expand operations and its business reach.

Total raised

$19M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2022