Pune-Based SaaS Firm Icertis Seeks $50 Million in Funding Following $150 Million Round

1. Pune-based SaaS unicorn Icertis is gearing up to raise $50 million in fresh funding, according to a recent Form D filing with the SEC.
2. The company, which raised $150 million in a previous funding round, is looking to secure additional capital for expansion and innovation.
3. Icertis, founded in 2009 by Samir Bodas and Monish Darda, specializes in contract management software and boasts a valuation of $5 billion.
4. With its flagship product, Icertis Contract Intelligence (ICI), the company helps businesses digitize and analyze contracts using AI technology.
5. Despite being headquartered in Washington, Icertis has a global presence with offices in North America, India, and Europe.
6. Major venture capital firms such as SoftBank and SAP have invested in Icertis, helping the company grow its workforce to approximately 1,700 employees.
7. The recent funding round does not disclose the identities of the new investors, but it is a testament to Icertis’ continued success in the SaaS industry.

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