"Ironclad, one of the contract-lifecycle management(CLM) companies that rode the boom, says the obituary is premature. The company told Business Insider it has crossed $200 million in annual recurring revenue, up from $150 million last May, and its customers include OpenAI, Salesforce, L'Oreal, and Mastercard. Founded in 2014, Ironclad has raised $333 million from investors including Sequoia Capital, Accel, and Bond."
""I mean, not surprisingly, we're pretty bullish on CLM," Ironclad CEO Daniel Springer said on a call. He's swaggering in a moment when the category is routinely declared dead. Springer bet his career on it. Early last year, he was a free agent, having stepped down as CEO of Docusign in 2022. He said he spoke to 40 companies before taking the Ironclad job in April."
Ironclad crossed $200 million in annual recurring revenue, up from $150 million in May. Customers include OpenAI, Salesforce, L'Oreal, and Mastercard. The company was founded in 2014 and has raised $333 million from investors including Sequoia Capital, Accel, and Bond. CEO Daniel Springer expressed a strong outlook for contract lifecycle management and has recruited senior engineering and product leaders. The company emphasizes that contracting needs persist even as AI shifts work toward agentic systems. The company views change in tooling rather than category death, positioning CLM to adapt to AI-driven workflows that handle chunks of contract work autonomously.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]