# Icertis

> Icertis is the AI-native contract intelligence company that turns enterprise strategy into faster execution at scale. Founded in 2009 and headquartered in Bellevue, Washington, Icertis helps 1 in 5 Fortune Global 500 companies manage millions of commercial agreements across 90+ countries through its Icertis Contract Intelligence platform - powered by Vera AI, a proprietary model trained on 17+ million contracts. With $496M in total funding, a $5B valuation, and nearly $350M in annual recurring revenue, Icertis has redefined what contract lifecycle management can do: turning buried legal text into live business intelligence.

- **Founded:** 2009
- **Headquarters:** Bellevue, Washington, United States
- **Founders:** Samir Bodas (Co-Founder & Former CEO), Monish Darda (Co-Founder & CTO)
- **Team size:** ~2,200 employees globally
- **Products:** Icertis Contract Intelligence (ICI) Platform, Vera AI Foundation, Vera Composer Agent, Vera Insights Agent, Vera Analytics
- **Notable:** Unicorn status achieved in 2019 at $1B+ valuation, Valuation reached $5B by January 2025, Named Leader in 2025 IDC MarketScape for AI-Enabled Buy-Side CLM

## Products & services

- **Icertis Contract Intelligence (ICI) Platform** — The core AI-native CLM platform that digitizes, manages, and analyzes enterprise contracts across the full lifecycle - from creation and negotiation through execution and renewal.
- **Vera AI Foundation** — Proprietary AI engine trained on 17+ million contracts from the Icertis Data Lake, providing context-aware contract analysis with enterprise-grade security and no external LLM calls.
- **Vera Composer Agent** — AI agent for contract drafting that reduces creation time from days to minutes, with automated redlining, AI-powered playbooks, and fallback position management.
- **Vera Insights Agent** — Post-signature intelligence agent that eliminates blind spots by tracking obligations, monitoring compliance, and surfacing risks across the entire contract portfolio.
- **Vera Analytics** — Portfolio-level analytics that surfaces missed entitlements, compliance gaps, renewal opportunities, and revenue recovery insights across millions of contracts.
- **Vera Copilot** — Natural language interface for contract search, summarization, and analysis, integrated natively with Microsoft 365, Teams, and SAP environments.
- **Icertis for Healthcare Providers** — Industry-specific CLM solution launched in 2025 addressing the unique compliance and contract complexity needs of healthcare organizations.
- **Icertis for Public Sector** — Government contracting solution supporting federal, state, and local agencies with FAR/DFARS compliance and large-scale procurement management.

## Achievements

- Unicorn status achieved in 2019 at $1B+ valuation
- Valuation reached $5B by January 2025
- Named Leader in 2025 IDC MarketScape for AI-Enabled Buy-Side CLM
- Named Leader in 2024 IDC MarketScape for CLM (Corporate Legal)
- Gold Stevie Award for Fastest Growing Company of the Year (2025)
- Winner in 2025 Artificial Intelligence Excellence Awards - Generative AI category (3rd consecutive year)
- Financial Times: Named one of fastest growing companies in the Americas (2nd consecutive year)
- SAP North America Partner of the Year
- Microsoft Partner of the Year
- LegalTech Breakthrough Award for Contract Management Innovation of the Year (2024)
- Named top workplace for 4 consecutive years
- 60%+ year-over-year growth in monthly active users (2025)
- Manages contracts across 90+ countries
- 1 in 5 Fortune Global 500 companies use Icertis

## Latest updates

- **2025-03** — Secured $50M in new venture funding, bringing total funding to ~$496M.
- **2025-03** — Launched Icertis for Healthcare Providers, expanding industry-specific CLM solutions.
- **2025-02** — Named Leader in 2025 IDC MarketScape for AI-Enabled Buy-Side Contract Lifecycle Management.
- **2025-01** — Co-founder Samir Bodas passed away after a cancer battle; Anand Subbaraman appointed CEO in August 2025.
- **2025-01** — Reported record year of new business growth for 2024, adding 9 Fortune-ranked companies including BMW and McDonald's.
- **2024-12** — Reached $300M ARR milestone by end of 2024, with AI ARR growing nearly 40% year-over-year.
- **2024-05** — Jay Lee appointed Chief Marketing Officer.
- **2024-02** — Named Leader in 2024 IDC MarketScape for CLM (Corporate Legal).

## Links

- Website: https://icertis.com
- LinkedIn: http://www.linkedin.com/company/icertis
- Twitter/X: http://www.twitter.com/icertis
- YouTube: https://www.youtube.com/@Icertis
- Facebook: https://www.facebook.com/Icertis/

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Profile page: https://yespress.io/icertis
Published by YesPress — https://yespress.io
Last updated: 2026-05-19