Icertis
Icertis helps enterprises automate contract lifecycle management with AI-powered intelligence.
Icertis is an enterprise contract lifecycle management (CLM) platform that transforms static contracts into strategic business tools through automation, AI, and intelligent data extraction. The platform streamlines the entire contracting process—from creation and negotiation to compliance and renewal—for large enterprises seeking to reduce risk, improve compliance, and unlock commercial savings. Vera, Icertis's AI component trained on millions of real contracts, provides domain-specific intelligence for industries and regulations. The company serves 33% of Fortune 100 companies and has achieved $5B unicorn valuation with $606M in total funding.
Problem solved
Enterprises struggle to extract value from contracts, manage compliance risks, identify commercial opportunities, and execute contracting processes efficiently without manual, error-prone workflows.
Target customer
Fortune 500 and Fortune 100 enterprises, particularly in financial services, manufacturing, healthcare, aerospace, and technology sectors requiring complex contract management across thousands of agreements.
Founders
S
Samir Bodas
Co-Founder, Former CEO, Executive Chairman (Deceased January 2026)
BS Computer Science from University of Texas at Austin, MBA from Wharton School; held leadership roles at Microsoft, served as CEO of Disha Technology and Aztecsoft before co-founding Icertis in 2009.
M
Monish Darda
Co-Founder, CTO
Former BladeLogic executive who co-founded Icertis with Samir Bodas at the dawn of cloud computing.
Funding history
Series A
Unknown
2015
Led by Greycroft
Series B
$14.5M
2016
Led by Fidelity Growth Partners India
· Eight Roads Services, Ignition Partners, Greycroft Partners
Series C
$25M
2017
Led by B Capital Group
· Eight Roads Ventures, e.ventures, Greycroft, Ignition Partners
Series D
$50M
2018
Led by B Capital Group
· Eight Roads Ventures, PSP Capital Partners, Greycroft Partners, Cross Creek Advisors, Meritech, Ignition Partners
Series E
$115M
2019
Led by B Capital Group
· Premji Invest, Greycroft Partners, Cross Creek Advisors, PSP Capital Partners, Meritech, Ignition Partners, Eight Roads
Series F
$80M
2021
Led by B Capital Group
· Premji Invest, e.ventures, PSP Capital Partners, Meritech, Greycroft Partners
Other Financing Round
$75M
2022
Led by Unknown
· Unknown
Growth Round
$50M
March 2025
Led by Unknown
· Unknown
Total raised:
$606M
Industries
Pricing
Not publicly available. Pricing varies based on user licenses, contract volume, feature set (modular), and deployment style. Estimated ranges: $50/month for 1 user; $400/month for 10 users; $3,000-$5,000/month for 100 users; $20,000-$50,000/month for 1,000+ users. G2 reports Icertis is 34% more expensive than market average.
Notable customers
JPMorgan Chase, Mercedes Benz, Humana, BASF, Boeing, Microsoft, Accenture, Hewlett Packard Enterprise (HPE), HP Inc., Wilson Sonsini, AkzoNobel, Enbridge. 33% of Fortune 100 companies use Icertis.
Integrations
Microsoft 365, Azure, Salesforce, SAP, Oracle, Workday, Coupa, Ariba, Anaplan. Tech stack includes Azure Monitor, Microsoft Application Insights, Cloudflare, Google Tag Manager, OneTrust.
Tech stack
jQuery (JavaScript libraries)
Azure Monitor (Analytics)
Typekit (Font scripts)
Microsoft 365 (Email)
Cloudflare (CDN)
Pardot (Marketing automation)
Google Tag Manager (Tag managers)
Azure (PaaS)
OneTrust (Cookie compliance)
Microsoft Application Insights (RUM)
Website
Competitors
Ironclad
Modern CLM platform with emphasis on user experience and speed; popular with mid-market and growth-stage companies; generally considered more accessible than Icertis for smaller enterprises.
Dock
Document automation and agreement platform focused on ease of use and collaboration; lighter-weight solution with less enterprise features than Icertis.
Agiloft
Long-established CLM platform with deep customization capabilities; competes on flexibility and industry-specific implementations.
Determination
CLM solution focused on mid-market with simpler implementation; less AI-driven than Icertis.
Why this matters: Icertis is the category leader in enterprise contract lifecycle management, serving one-third of Fortune 100 companies and achieving $5B unicorn valuation. The company's AI-powered approach (Vera) transforms contracts from compliance documents into strategic business assets, with documented cases like $35M in procurement savings post-merger, positioning it as critical infrastructure for large enterprises managing complex commercial relationships at scale.
Best for: Large enterprises with complex contracting needs, high contract volumes, and compliance requirements who need to optimize commercial outcomes and reduce risk across global operations.
Use cases
Post-Merger Contract Consolidation
A customer used Icertis to identify $35M in procurement savings following a merger by surfacing contract overlaps and redundancies. The platform's intelligent data extraction allowed the merged entity to quickly analyze thousands of contracts and consolidate vendor relationships across the combined organization.
Enterprise-Wide Contract Accessibility
Microsoft deployed Icertis to empower 220,000 employees with automated contract intelligence. The platform simplified contracting motions across the entire workforce, allowing non-legal teams to access contract information and execute contracts with confidence.
Regulatory Compliance and Risk Management
Large regulated enterprises use Icertis to automatically monitor contracts for compliance obligations, renewal dates, and regulatory requirements. Vera's AI identifies industry-specific risks and flags contracts that require attention before deadlines.
Intelligent Contract Generation
Organizations use Icertis's rule-based contract generation to create compliant, standardized contracts rapidly. Self-service contracting allows business units to generate contracts without legal bottlenecks while maintaining organizational standards.
Alternatives
Ironclad
More modern UX and faster implementation; better for mid-market companies prioritizing speed and ease of use over enterprise scale.
Agiloft
Stronger customization and industry-specific solutions; pick for organizations with highly specialized contracting workflows.
Dock
Lighter-weight document automation tool; choose for teams focused on agreement creation and execution over full lifecycle management.
FAQ
What does Icertis do? +
Icertis is a contract lifecycle management (CLM) platform that automates the entire contracting process—creation, negotiation, execution, compliance, and renewal. Its AI-powered Vera component analyzes contracts to extract business intelligence, identify risks, ensure compliance, and uncover commercial opportunities. The platform serves Fortune 100 enterprises seeking to transform contracts from static documents into strategic assets.
How much does Icertis cost? +
Icertis does not publicly disclose pricing due to the complexity of tailoring CLM solutions to individual needs. Costs depend on user licenses, contract volume, features selected, and deployment model. Estimated ranges span from $50/month for 1 user to $20,000-$50,000/month for enterprise deployments with 1,000+ users. Contact Icertis directly for a custom quote.
What are alternatives to Icertis? +
Key alternatives include Ironclad (modern, faster implementation for mid-market), Agiloft (strong customization and industry specificity), and Dock (lighter-weight document automation). Ironclad is popular with growth-stage companies, while Agiloft serves organizations needing deep customization and Dock appeals to teams focused on agreement creation.
Who uses Icertis? +
33% of Fortune 100 companies use Icertis. Notable named customers include JPMorgan Chase, Microsoft, Mercedes Benz, Humana, BASF, Boeing, Accenture, HP Inc., and Hewlett Packard Enterprise. The platform is designed for large enterprises with complex contracting needs, high contract volumes, and significant compliance requirements.
How does Icertis compare to Ironclad? +
Icertis is positioned as the enterprise-focused, comprehensive CLM platform with deeper AI capabilities (Vera), global scale, and deeper integrations—34% more expensive than market average. Ironclad focuses on modern UX, faster deployment, and accessibility for mid-market companies. Choose Icertis for Fortune 500 complexity; choose Ironclad for growth-stage speed and ease of use.
What is Vera? +
Vera is Icertis's AI component trained on millions of real contracts in the Icertis Data Lake. It understands industry-specific language, regional regulations, and contract nuances out of the box. Vera powers intelligent contract analysis, risk identification, compliance monitoring, and automated insights across the platform.
What contract value has Icertis's customer base managed? +
While specific cumulative contract values aren't disclosed, Icertis's customer base demonstrates substantial contract management scale. For example, Microsoft empowers 220,000 employees through Icertis, and the platform serves 33% of Fortune 100 companies, suggesting management of trillions in contract value globally.
Tags
contract lifecycle management
CLM
enterprise contracts
AI-powered contracts
contract intelligence
compliance automation
contract analytics