Icertis specializes in AI-powered contract intelligence, transforming contract management from transactional document storage to a strategic source of business insight and value. The company has become the trusted platform for over a third of the Fortune 100, consistently recognized as a leader by Gartner and other analysts for CLM and contract intelligence functions. Its headquarters are in Bellevue, Washington, with global offices in North America, Europe, and India.
Icertis was founded in 2009 by Samir Bodas and Monish Darda, whose vision was to empower enterprises to realize the full intent of every contract. Over the last decade, Icertis has grown to serve customers in more than 90 countries. The company employs between 1,700 to 5,000 staff, according to recent listings, and has expanded its operational footprint across key enterprise software centers.
Icertis is privately held but venture-backed, with minority stakes held by investors including PremjiInvest, SoftBank, SAP, and B Capital. Key funding events include:
Series D: $50 million (2018)
Series E: $115 million (2019)
Series F: $80 million (2021, valuation: $2.8 billion)
Convertible/mezzanine debt: $150 million (2022–2024)
Icertis Contract Intelligence (ICI) is the company’s flagship SaaS. It is deeply integrated with ERP (SAP, Microsoft, Salesforce), CRM, S2P, and other business systems. Distinctive features include:
Deep generative AI and agentic workflow automation (Vera AI copilot)
Advanced analytics for contract risk, revenue, and compliance monitoring
Tailored modules for life sciences, financial services, government/FedRAMP, and more
Automated obligations tracking, Sourcing, Supplier Relationship Management, and rebates
Icertis’s mission is to empower customers to realize the full potential of business relationships by making contracts the foundation of trust, compliance, and performance. The company values customer-centricity, innovation, and integrity. Leadership emphasizes empathy, inclusion, and the pursuit of excellence, as shown by ongoing executive team expansion and focus on employee growth.
Icertis serves over one-third of Fortune 100 firms and customers in 90+ countries, with a client base spanning healthcare, government, manufacturing, technology, and financial services. The platform is trusted by Global 2000 organizations for mission-critical contract intelligence and CLM. The active user community benefits from the Icertis Academy for training and certification, as well as partner-led coaching and implementation support.
