Sirion joined the Unicorn Club, achieving a $1B valuation. The Lehi-based company offers AI-powered legal contract management software, enabling organisations to efficiently create, analyse, and manage contracts. Its platform provides solutions across procurement, sales, finance, and legal operations, including a cloud-based repository and contract review features that identify deviations and optimise compliance.
Keep reading to explore Sirion’s funding history, key investors, and what’s next for this legal tech innovator.
What Is Sirion and What Does It Do?
Founded in 2012, Sirion is headquartered in Lehi, Utah, United States. The company delivers a cloud-based Contract Lifecycle Management (CLM) platform, enabling enterprises to create, measure, analyse, and manage contracts effectively. Its AI-driven solutions support multiple business functions—including procurement, sales, finance, and legal operations—while providing a secure repository and automated contract review to identify risks and deviations.
How Much Funding Has Sirion Raised?
- Series D
- Amount Raised: $25M
- Date: January 03, 2023
- Lead Investors: Tiger Global Management, Brookfield Asset Management
- Motivation: Expand the AI CLM platform, enhance legal and finance integrations, and scale enterprise adoption.
Total Funding Raised: $171M
Latest Funding Date: January 03, 2023
Key Investors
- Tiger Global Management
- Details: Global investment firm focused on high-growth technology companies.
- Investment Focus Areas: SaaS, enterprise software, and fintech/ legal tech.
- Notable Investments: Freshworks, Stripe, and other enterprise platforms.
- Brookfield Asset Management
- Details: Global alternative asset manager investing across technology, real estate, and infrastructure.
- Investment Focus Areas: Enterprise SaaS and technology-enabled services.
- Notable Investments: Growth-stage software and cloud companies.
Where Is Sirion’s Headquarters?
Sirion is headquartered in Lehi, Utah, United States, providing access to top software talent and serving as a strategic hub for innovation in legal and financial technology.
What’s Next for Sirion?
With $171 million in total funding and a $1 billion valuation, Sirion plans to scale its AI-powered contract management platform, enhance automation and analytics, and expand adoption across global enterprises. The company aims to streamline legal, finance, and procurement workflows while delivering actionable insights and mitigating contract-related risks.
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