# Praful Saklani

> Praful Saklani is the Founder and CEO of Pramata, an enterprise contract AI company he built from a bootstrapped startup in Minnesota into a 300-person global platform trusted by Fortune 500 companies. Inspired by watching attorneys manually search through contracts during a 2001 acquisition, he spent nearly two decades turning that frustration into a radically simple contract lifecycle management platform now powered by generative AI. Along the way he's been named to Comparably's Best CEOs for Diversity lists, grown Pramata to $49.7M in annual revenue, and attracted backing from Volition Capital.

- **Role:** Founder and CEO at Pramata
- **Organizations:** Pramata, Yatra Corporation, Invotech Systems, WaterHealth International
- **Nationality:** American
- **Education:** BA with High Honors in Economics and Political Science, Swarthmore College
- **Known for:** Founded Pramata in 2005 and grew it to 300+ employees and ~$49.7M annual revenue, Named to Comparably's 2018 Best CEOs for Diversity and Best CEOs for Women, Bootstrapped Pramata for nearly a decade before taking outside investment

## Career timeline

- **1991-1995** — BA with High Honors in Economics & Political Science, Swarthmore College
- **1999-2002** — Co-founded Yatra Corporation, an AI-powered travel management company for enterprises; sold in late 2000
- **1999-2005** — Co-founded Invotech Systems, a consulting firm generating revenue for R&D in Minnesota
- **2003-2004** — VP Market Development at WaterHealth International, expanding affordable water purification to developing countries
- **2005** — Founded Pramata Corporation (incorporated late 2005, fully operational 2006), initially bootstrapped
- **2007** — Secured first two paid beta customers for Pramata
- **2015** — Raised $10M Series A led by Volition Capital (Larry Cheng joins board)
- **2018** — Named to Comparably's Best CEOs for Diversity and Best CEOs for Women lists
- **2024** — Launched AI Design Studio; announced strategic alliance with Deloitte
- **2025** — Launched Contract Agent for Tariff Risk Analysis; named to Hackett Group's 2026 '50 to Watch' list

## Achievements

- Founded Pramata in 2005 and grew it to 300+ employees and ~$49.7M annual revenue
- Named to Comparably's 2018 Best CEOs for Diversity and Best CEOs for Women
- Bootstrapped Pramata for nearly a decade before taking outside investment
- Raised $10M Series A from Volition Capital in December 2015
- Built Pramata's workforce to 50%+ female without setting explicit quotas
- Co-founded Yatra Corporation at age 25, leveraging AI for enterprise travel management
- Strategic alliance with Deloitte for contract analytics in Risk & Regulatory advisory
- Named to The Hackett Group's 2026 '50 to Watch' list for procurement technology
- Authored articles on AI and contract management for VentureBeat

## Latest updates

- **2025-05** — Pramata named Garrett Derman (former Salesforce Director) as VP of Strategic Solutions & Alliances; Partnership Program revenue tripled since start of 2024
- **2025-05** — Launched Contract Agent for Tariff Risk Analysis to help businesses navigate supply chain disruption
- **2025-03** — Pramata named to The Hackett Group's 2026 '50 to Watch' list for procurement technology
- **2024-11** — Launched AI Design Studio enabling enterprises to build generative AI contract workflows without AI expertise
- **2024-10** — Announced strategic alliance with Deloitte for contract analytics in Risk, Regulatory, and Forensic advisory services

## Links

- Website: https://pramata.com
- LinkedIn: https://www.linkedin.com/in/prafulsaklani
- Twitter/X: https://twitter.com/praful_saklani
- Instagram: https://www.instagram.com/prafulsaklani
- Facebook: https://facebook.com/pramatacorp

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Profile page: https://yespress.io/praful-saklani
Published by YesPress — https://yespress.io
Last updated: 2026-05-24