User:Icertis Laura/Icertis History section

History
Icertis was co-founded in 2009 by Samir Bodas, former CEO of Aztecsoft, and Monish Darda, a former executive at BladeLogic.

The company raised a round of seed funding in 2012. At the time, it was doing business in India, offering its contract management software to ICICI Bank and its public transportation management software to Prasanna Purple Mobility Solutions.

In 2015, Icertis raised $6 million in its Series A round of funding, which was led by Greycroft Partners and Fidelity Growth Partners India. By this point, the company's services were being used by large multinational companies such as Microsoft, Roche, and Hyundai. The company's Series B funding took place in 2016 and was led by Ignition Partners. Bodas announced that the $15 million Icertis raised would go toward opening new offices, in addition to the ones Icertis already had in the U.S., India, and Switzerland. The company also planned to increase its marketing in Europe and further develop Icertis Contract Management.

Icertis' Series C funding round closed in 2017, raising $25 million. A significant portion of the funds went toward hiring new staff, with Icertis nearly doubling its total number of employees between March 2017 and June 2018. In 2018, Icertis secured $50 million with its Series D round of funding. The money was put toward further expansion of the company and the refinement of its software's AI capabilities.

Its Series E funding round, which closed in 2019, raised $115 million and pushed the company's valuation past $1 billion. At the time, Icertis' software had around two million users and was being used to manage approximately 5.7 million contracts at companies such as Google and Airbus.