Sirion
Founded Year
2012Stage
Series D - II | AliveTotal Raised
$175.5MLast Raised
$25M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-26 points in the past 30 days
About Sirion
Sirion specializes in contract lifecycle management (CLM) within the technology sector. It offers a platform leveraging artificial intelligence to facilitate the creation, management, and analysis of contracts for businesses. The platform is designed to improve collaboration across enterprise teams, improve agreement quality, and manage counterparty risk. It was founded in 2012 and is based in Lehi, Utah.
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Sirion's Product Videos
ESPs containing Sirion
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The general healthcare contract management market involves the use of contract management solutions and technologies specifically tailored to the healthcare sector. Contract management in healthcare is critical for managing agreements, contracts, and relationships between healthcare providers, payers, pharmaceutical companies, vendors, and other stakeholders. The goal is to enhance efficiency, com…
Sirion named as Leader among 15 other companies, including Oracle, Icertis, and Health Catalyst.
Sirion's Products & Differentiators
Contract Setup
Set up a hub for all your contracts and associated artefacts, model contractual relationships, and create a standardized library of clauses, templates and business rules to bring rigor to your contracting process.
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Research containing Sirion
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Sirion in 5 CB Insights research briefs, most recently on Aug 23, 2024.
Aug 23, 2024
The B2B payments tech market mapOct 12, 2023
The procurement tech market mapOct 10, 2023
The legal tech market mapExpert Collections containing Sirion
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Sirion is included in 2 Expert Collections, including Fintech 100.
Fintech 100
498 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Artificial Intelligence
14,767 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Sirion Patents
Sirion has filed 4 patents.
The 3 most popular patent topics include:
- contract law
- information technology management
- legal documents
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
1/13/2020 | 10/25/2022 | Legal documents, Contract law, Information technology management, Wireless networking, Systems engineering | Grant |
Application Date | 1/13/2020 |
---|---|
Grant Date | 10/25/2022 |
Title | |
Related Topics | Legal documents, Contract law, Information technology management, Wireless networking, Systems engineering |
Status | Grant |
Latest Sirion News
Sep 11, 2024
Sirion Wins the 2024 Oracle Partner Awards - APAC Innovation Category Oracle recognizes Sirion’s ability to develop and deliver pioneering solutions through partnering with Oracle News provided by SALT LAKE CITY--( Business Wire / Korea Newswire )--Oracle today announced that Sirion is a winner in the 2024 Oracle Partner Awards - APAC Innovation Category. This award highlights partners that produced thought-leadership-level solutions that empower Oracle customers to meet their business goals and challenges through the partner’s innovative solution. Partners considered for this award have developed solutions that integrate multiple Oracle technologies and products and/or have integrated a third-party Oracle technology partner into their solution. Sirion has been at the forefront of transforming contract management using artificial intelligence (AI) for over a decade. They are now using a combination of generative AI and proprietary models trained on more than 32 million contracts. This deep AI expertise, combined with the robust features of Oracle Cloud Infrastructure (OCI) focused on superior performance, scalability and low latency, has significantly enhanced Sirion’s operational, security and data protection capabilities. The collaboration with Oracle enables Sirion to manage highly confidential contract data and generate critical insights for customers across the globe, further solidifying its reputation as a trusted partner in contract management. “At Sirion, our commitment to innovation drives us to continually push the boundaries of contract management,” said Kanti Prabha, Sirion’s President. “We are leading the way in using AI, both SLMs and LLMs, to revolutionize CLM, and such groundbreaking innovation requires a robust and dependable infrastructure, which Oracle Cloud Infrastructure provides. This partnership makes contract management smarter, more secure, and highly reliable, enabling us to deliver exceptional value to our customers, including many global Fortune 500.” The collaboration between Sirion and Oracle continues to drive innovation and deliver cutting-edge solutions for contract management. For additional information on the Oracle 2024 Partner Awards, please visit: https://www.oracle.com/partner/awards/ . About Sirion Sirion is the world’s leading AI-native CLM platform, it has been a pioneer in applying generative AI to help enterprises transform the way they store, create, and manage contracts. The platform’s extraction, conversational search, and AI-led negotiation capabilities have revolutionized contracting across enterprise teams - from legal and procurement to sales and finance. The world’s most valuable brands such as BNY Mellon, DHL, KPMG and Vodafone trust Sirion to manage 7M+ contracts worth nearly $800B and relationships with 1M+ suppliers and customers in 100+ languages. Leading analysts such as Gartner, IDC, and Spend Matters have consistently recognized Sirion as a leader in CLM for its focus on category-leading innovation. About Oracle PartnerNetwork Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; Industry Healthcare for partners that provide commercially available products and/or services built with Oracle Cloud and Oracle Health technologies; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. View source version on businesswire.com: https://www.businesswire.com/news/home/20240909213110/en/
Sirion Frequently Asked Questions (FAQ)
When was Sirion founded?
Sirion was founded in 2012.
Where is Sirion's headquarters?
Sirion's headquarters is located at 1633 West Innovation Way, Lehi.
What is Sirion's latest funding round?
Sirion's latest funding round is Series D - II.
How much did Sirion raise?
Sirion raised a total of $175.5M.
Who are the investors of Sirion?
Investors of Sirion include Brookfield Asset Management, Peak XV Partners, Tiger Global Management, Partners Group, Avatar Capital Partners and 5 more.
Who are Sirion's competitors?
Competitors of Sirion include Evisort, SpotDraft, MNTSQ, Agiloft, Lexion and 7 more.
What products does Sirion offer?
Sirion's products include Contract Setup and 4 more.
Who are Sirion's customers?
Customers of Sirion include Vodafone, GTAA and RBI.
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Compare Sirion to Competitors
LinkSquares specializes in AI-powered contract management and legal project management for legal teams. The company offers a comprehensive platform that facilitates the creation, review, management, and signing of contracts, as well as centralizing legal work to improve efficiency and connectivity. LinkSquares' solutions are designed to streamline legal operations, enhance productivity, and provide actionable insights through advanced data analysis. It was founded in 2015 and is based in Boston, Massachusetts.
Icertis operates as an enterprise contract management platform. The platform transforms contracts from static documents into strategic assets by structuring and connecting critical contract information, thereby influencing how an organization operates. It primarily serves the technology and business sectors. The company was founded in 2009 and is based in Bellevue, Washington.
ContractPodAi specializes in AI-driven contract management solutions within the legal technology sector. The company offers a comprehensive suite of products that automate and streamline the entire contract lifecycle, from creation and storage to negotiation and analytics, tailored specifically for legal and compliance use cases. ContractPodAi primarily serves sectors such as consumer packaged goods, manufacturing, retail, software, pharmaceuticals, healthcare, energy, and utilities. It was founded in 2012 and is based in London, England.
Malbek is a company that focuses on providing Contract Lifecycle Management (CLM) solutions, operating within the technology and software industry. The company offers a range of products that help businesses manage their contracts from creation to completion, including AI-powered insights and recommendations, seamless integration with other business applications, and tools to improve efficiency and mitigate risk. Primarily, Malbek's services are utilized by sectors such as legal, sales, finance, and procurement. It was founded in 2017 and is based in Somerset, New Jersey.
Ironclad is a leading provider in the contract lifecycle management software domain, offering a comprehensive platform for managing contracts from inception to completion. Their main offerings include AI-powered tools for contract creation, negotiation, compliance, and analytics, designed to streamline the entire contract management process. Ironclad's solutions cater to various sectors including legal, sales, procurement, and IT. It was founded in 2014 and is based in San Francisco, California.
Chinsay specializes in contract automation systems for the commodity trading sector, focusing on digital solutions for trade workflows. The company offers technology that digitalizes the creation, validation, archiving, and sharing of commodity contracts, aiming to transform traditional contract management into efficient, digital processes. Chinsay's Intelligent Contract Platform (ICP) serves commodity and freight trading organizations by automating contract processes and improving risk management and compliance through real-time audit and compliance reports. It was founded in 2000 and is based in Stockholm, Sweden.
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