Icertis Copilots Drive Company to Record Growth, Surpassing $250 Million in Annual Revenue
Icertis, the global leader in AI-powered contract intelligence, has announced that their Icertis Copilots have become the fastest growing products in the company’s history. The launch of Icertis Copilots and the continued adoption of contract intelligence worldwide have propelled the company to over $250 million in annual recurring revenue (ARR).
Icertis Copilots, introduced as the first generative AI applications for enterprise contract management in July 2023, are built on the Icertis ExploreAI Service and supported by Microsoft Azure. These innovative products leverage generative AI and contract data to transform commercial agreements into interactive assets that drive strategic decision-making.
Leading companies such as ALPLA, Krones, and Genpact have chosen Icertis Copilots to harness the power of generative AI in their contract-driven operations. Heather White, Chief Legal Officer at Genpact, expressed excitement about the instant insights and business impacts that Icertis Copilots will provide for their organization.
Contracts are a critical source of data for AI-driven innovation, serving as the foundation for a business’s relationships with customers, partners, and suppliers. By integrating contract data with enterprise systems, Icertis enables organizations to optimize cash flow, enhance financial resilience, and ensure compliance in a rapidly evolving regulatory environment.
As Icertis continues to gain momentum and expand its global presence, more enterprises are recognizing the value of contracting in digital transformations. In 2023, three out of every four deals included Icertis AI products, highlighting the growing trust and tangible value delivered by the company’s innovative AI models.
Samir Bodas, CEO and Co-founder of Icertis, emphasized the importance of unlocking valuable enterprise data through contract intelligence. With a focus on innovation, long-standing partnerships with Microsoft and SAP, and groundbreaking products like Icertis Copilots, Icertis has solidified its position as a leader in contract intelligence software.
Icertis remains at the forefront of the contract lifecycle management (CLM) market, serving customers with security, reliability, and unmatched insights. With the support of investors such as B Capital, Eight Roads Ventures, Greycroft, and PSP Partners, Icertis continues to drive innovation and deliver value to businesses worldwide.
For more information about Icertis and their AI-powered contract intelligence platform, visit their website at www.icertis.com.
