Icertis
Facts
- HQ
- Bellevue, WA, US
- Sectors
- Software Development
- Founded
- 2009
- Employees
- 2424
- Total raised
- $347.5M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $50M · Mar 2025 SEC Form D
Former Salesforce/Tableau EVP Teri Hatfield named CRO at Iterable; Gates Foundation lawyer Ken Miller joins Arnold & Porter; AIM and Gravitics add C-suite hires
Teri Hatfield left Salesforce/Tableau to become chief revenue officer at Iterable; Gates Foundation legal director Ken Miller joined Arnold & Porter as partner; and Seattle startups AIM and Gravitics appointed new C‑suite executives including AIM's CMO Ben Reed.
Rivvun AI, Founded by Ex-Icertis Execs, Raises $7.55M Seed Round Led by Sitara Capital to Scale Enterprise Revenue Recovery Platform
Former Icertis executives Anand Veerkar and Niranjan Umarane raised $7.55 million in seed funding led by Sitara Capital for their startup Rivvun AI, which uses AI to help enterprises recover lost revenue and procurement savings. The funds will support product development, team growth, and expansion across industries such as pharmaceuticals, healthcare, and banking.
Seattle-Area Tech Veterans Acquire New England Eagles Minor League Cricket Team to Develop USA Talent Pipeline
Five Seattle-area tech veterans with leadership experience from major companies have acquired the New England Eagles Minor League Cricket franchise in Boston to support the sport's talent pipeline. They prioritize developing pathways for local players to reach Team USA, despite the team being located 3,000 miles away.
Icertis Co-founder and Former CEO Samir Bodas Dies at 61 After Battling Cancer
Samir Bodas, co-founder and former CEO of Icertis, passed away at 61 after battling cancer, leaving behind a legacy of leadership that emphasized team success over individual accolades. His close friendships, including with Microsoft CEO Satya Nadella, reflected his entrepreneurial spirit and commitment to fostering company culture rooted in personal values.
Icertis Acquires Y Combinator Graduate Dioptra to Enhance AI Contract Automation Tools
Icertis has acquired legal tech startup Dioptra to enhance its AI-driven contract automation capabilities, with Dioptra's five employees joining Icertis’ product and engineering teams. Dioptra, a Y Combinator 2022 graduate, specializes in tools for automated playbook creation, risk reviews, and contract redlining.
Icertis Raises $50M from B Capital to Reduce Debt, Reports $300M Annual Recurring Revenue in 2024
Icertis, a Bellevue-based contract management software company, raised $50 million from existing investor B Capital to pay down debt, marking over $500 million raised since its 2009 founding. Valued at $5 billion in 2021, Icertis reported $300 million in annual recurring revenue in 2024 and has been expanding its AI product offerings.
GeekWire 200 Q1 2025: Highspot Leads as Helion Rises to No. 2 After $425M Funding; Truveta, Statsig, Protect AI Also Advance
The GeekWire 200 Q1 2025 update highlights rapidly growing Pacific Northwest tech startups, with Highspot retaining No. 1 and Helion rising to No. 2 after a $425 million funding round. Other notable movers include Truveta, Statsig, Protect AI, Carbon Robotics, and Stoke Space, reflecting dynamic shifts in the regional tech landscape.
Supio, Founded by Ex-Microsoft Engineers, Raises $25M Series A for AI Legal Tech Platform Optimizing Data Analysis in Plaintiff Cases
Seattle-based legal tech startup Supio, founded by ex-Microsoft engineers Kyle Lam and Jerry Zhou, raised $25 million in Series A funding to enhance its AI-powered platform that helps lawyers efficiently analyze case data, particularly in personal injury and mass tort plaintiff law. The company, with 27 employees and plans to double its workforce, charges subscription fees based on case volume and boasts successful use in complex cases such as a TorHoerman Law victory against Abbott Labs.
Seattle Tech Leaders Including Satya Nadella Back Seattle Orcas, Boosting Major League Cricket's U.S. Growth in 2023
Sanjay Parthasarathy and prominent tech leaders including Microsoft CEO Satya Nadella have backed the Seattle Orcas to advance Major League Cricket, successfully accelerating the sport's growth in the U.S. by several years after the league's inaugural 2023 season. Parthasarathy has transitioned from a tech executive to fully immersing himself in managing the cricket team and expanding the sport's presence nationally.
GeekWire 200 Q1 2024 Update Highlights 35% New Startups and Outreach Tops Seattle Tech Rankings
The GeekWire 200's latest update reveals a significant reshaping of Seattle and Pacific Northwest startups, with 35% new companies entering, including newcomers in AI, robotics, cybersecurity, and health sectors. Key shifts include outreach becoming the top startup and major players like Hootsuite and Icertis graduating off the list after 15 years.
Fuse closes $250M second fund to back 30–35 Pacific Northwest software and AI startups
Seattle-area VC firm Fuse has closed a $250 million second fund to invest in 30–35 Pacific Northwest software and AI-enabled startups, writing $1M–$10M checks and co-leading rounds. Backers include state-affiliated accounts, foundations, universities and prominent Seattle software executives, and Fuse aims to back companies that automate business processes or augment workers.
SirionLabs Raises $25M More in Series D, Totaling $110M to Enhance AI-Powered Contract Management
SirionLabs, a Seattle-based contract lifecycle management startup, raised an additional $25 million in its Series D round, totaling $110 million. The company uses AI and natural language processing to manage contracts and plans to invest in product innovation and enterprise integrations.
Icertis Secures $150M from Silicon Valley Bank in Revolving Credit and Convertible Note Financing
Icertis secured $150 million in financing from Silicon Valley Bank — equally split between a revolving credit facility and convertible financing — as startups increasingly turn to debt instruments amid a cooling venture market. CFO Rajat Bahri called the funding a vote of confidence to support growth and market-share capture.
Icertis Raises $150 Million Debt Financing to Support Growth and Flexibility in Contract Management Market
Icertis, a Bellevue-based contract management software provider valued at around $5 billion, raised $150 million through debt financing as of October 31, 2022, to ensure business flexibility. The company serves clients worldwide, including Microsoft and SAP, and reported over 50% growth in annual recurring revenue in early 2022.
Rajat Bahri Named CFO of Icertis Amid $5 Billion Valuation; Pacific Northwest Tech Firms Announce Key Executive Hires
Rajat Bahri, former CFO of ID.me, has joined Icertis as CFO, replacing Curt Anderson, amid recent investments valuing Icertis at $5 billion. Additionally, several key tech and startup executives have taken new roles across Pacific Northwest companies including CommerceIQ, Waabi, Limeade, and AdaptX.
GeekWire returns in person for 2022 Awards at Showbox SoDo, honoring 60+ finalists across 15 categories with 16,000+ votes
GeekWire held its first in-person GeekWire Awards in three years at Showbox SoDo in Seattle, honoring 60+ finalists across 15 categories with over 16,000 community votes and appearances by local tech leaders and entertainers.
SirionLabs Raises $85M Series D Led by Partners Group to Expand Contract Management Software
SirionLabs, a contract lifecycle management startup headquartered in Seattle, secured $85 million in Series D funding led by Partners Group to accelerate growth. The company, founded in India and serving over 250 customers, competes with firms like Icertis and aims to expand its employee base from 600 to 800.
SAP makes undisclosed investment in Icertis amid expanded partnership after SoftBank valued startup at $5 billion
Icertis, a Bellevue-based contract management startup, received an undisclosed investment from SAP as part of an expanded partnership; the move follows an October SoftBank investment that valued Icertis at $5 billion. The company previously raised $80 million in March and was valued at $2.8 billion then; total funding and exact SAP stake were not disclosed.
GeekWire updates Seattle list as Highspot raises $248M at $3.5B; SeekOut and Icertis added to 16 local unicorns
GeekWire updated its list of Seattle-area 'unicorn' startups (privately held companies valued at $1B+) after additions and a valuation change for Icertis, noting recent entrants like SeekOut and Highspot, which raised $248 million at a $3.5 billion valuation. The article highlights that the Seattle cohort includes 16 unicorns, none led by a female or Black CEO, and that many CEOs have Microsoft backgrounds amid a global surge in unicorns and venture funding.
Deal mania reshuffles GeekWire 200: M&A, IPOs and SPACs push top firms out while Blue Origin stays No. 1
A surge of M&A, IPO and SPAC activity — labeled 'deal mania' — reshuffled the GeekWire 200 rankings, removing several top-10 companies that went public or were acquired and creating openings for new entrants; Blue Origin remains No. 1 while more deal-making and rule changes about private equity-owned companies promise further shake-ups.
Bellevue’s tech boom draws Amazon, Apptio and major firms as city positions itself as Seattle alternative
Bellevue has become a major tech hub attracting companies like Amazon, Apptio, T-Mobile, Smartsheet, OfferUp and Icertis thanks to its downtown, livability, low crime and business-friendly policies, with major expansions including Amazon’s plan to employ 25,000 there.
Forbes Cloud 100 Names Seattle Unicorns Tanium, Outreach, Icertis and Highspot in Top 50
Forbes' sixth annual Cloud 100 list includes four Seattle-area unicorns — Tanium, Outreach, Icertis and Highspot — all ranking in the top 50 based on growth, sales, valuation, culture and reputation. The companies have valuations from $2.8B to $9.2B and recent funding rounds ranging from $80M to $200M.
Seattle Tech CEOs — Icertis, Syndio, Qumulo, Remitly, Outreach, Convoy, Zenoti, Skilljar — Share First-Job Lessons That Shaped Their Careers
Seattle-area tech startup CEOs shared lessons from their first jobs—ranging from car washing to programming—highlighting practical skills, work ethic, and enduring lessons that shaped their leadership and product thinking.
Khosla Ventures leads $11M Series A for Seattle AI contract startup Lexion as revenue quadruples
Seattle startup Lexion, which uses AI to parse contracts and create searchable repositories, has quadrupled revenue and added 50 customers in four months. The 30-person company raised an $11 million Series A led by Khosla Ventures to expand from reporting into workflow features and accelerate growth.
Flyhomes raises $150 million to scale cash-offer homebuying and mortgage services nationwide
Seattle startup Flyhomes raised $150 million to expand its cash-offer homebuying model and integrated mortgage and selling services nationwide, positioning itself against iBuyers and Zillow. CEO Tushar Garg said the funding supports building an end-to-end home-buying experience that gives clients a competitive edge in a chaotic market.
People
See all 4-
Samir Bodas Founder, Co-founder; Former CEO
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Rajat Bahri Executive, Chief Financial Officer
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John Connors Director, Board Member
