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SirionLabs, a contract lifecycle management (CLM) company, has raised $25 million in its Series D funding round from private equity firm, Brookfield Growth.
The CLM company will use the funds for advancing its AI capabilities and seamless integration with enterprise platforms, such as SAP S/4HANA®, Salesforce, and Microsoft 365, the company said in a press statement. SirionLabs is also expanding its R&D to hubs across the globe to leverage talent in AI, user experience, data science, and design thinking.
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Including the fresh round, SirionLabs has closed its Series D round at $110 million. The previous capital infusion was led by Partners Group with participation from existing investors like Sequoia India and Tiger Global.
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