ContractPodAi, the London based provider of AI-powered contract lifecycle management (CLM), announced a USD $115 million Series C investment headed by SoftBank Vision Fund. This latest round saw ContractPodAi’s valuation increase 5x from its previous Series B round in 2019.
As part of the transaction, Ayush Jain of SoftBank Investment Advisers will join the ContractPodAi Board. Proceeds from the round will go towards further accelerating ContractPodAi’s platform capabilities and expanding its market presence internationally, leveraging SoftBank’s networks to capture new opportunities in the APAC region. This funding round also marks SoftBank Vision Fund’s first investment in legal technology, one of the fastest growing software-as-a-service categories.
Building on the strength of ContractPodAi’s end-to-end CLM solution, ContractPodAi’s no-code platform allows teams to manage any legal scenario, process, or document using the platform’s pre-built and configurable applications such as claims, RFP review, and IP portfolio management.
In addition, the platform … … weiterlesen →