Sirion (software)

Sirion is an artificial intelligence based contract lifecycle management (CLM) software platform used by enterprises to create, manage, and analyze commercial contracts. The platform integrates artificial intelligence, automation, and analytics to support the drafting, negotiation, execution, and monitoring of contracts among different organizations. It supports the management of millions of contracts across more than 100 languages.[1][2][3][4]

History

Sirion (formerly SirionLabs) was founded in 2012 by Ajay Agrawal, Claude Marais, Kanti Prabha, and Aditya Gupta.[5][6][7] The company raised its initial venture funding in 2014. In May 2022, the company raised $85 million in a Series D funding round led by Partners Group, with participation from existing investors Sequoia Capital India (now Peak XV Partners) and Tiger Global Management.[8][9][10][11] Over time, it evolved into an AI-native contract lifecycle management platform designed for creation and management of the complete lifecycle of enterprise contracts. By the mid-2020s, the platform was used to manage millions of contracts across several countries.[12] In January 2026, Haveli Investments, a technology-focused investment firm based in Austin, Texas, announced a majority investment in the company. The transaction was completed in February 2026.[13] The company is headquartered in Lehi, Utah, and has 10 offices in several countries.[14][15][16]

Technology

Sirion provides a cloud-based platform for contract management. The platform also supports natural-language interaction with contracts and analysis across contract portfolios.[11]

References

  1. ↑ "Sirion Acquires Eigen Technologies to Expand Capabilities and Financial Services Footprint". Law.com. Retrieved 2026-03-12.
  2. ↑ "Legal tech teams turn to AI to advance business goals". www.ft.com. Retrieved 2026-03-12.
  3. ↑ Lunden, Ingrid (2024-06-06). "Sirion, now valued around $1B, acquires Eigen as consolidation comes to enterprise AI tooling". TechCrunch. Retrieved 2026-03-12.
  4. ↑ Kerner, Sean Michael (12 May 2022). "Evisort embeds AI into contract management software". Venture Beat.
  5. ↑ "SirionLabs CEO dresses up in regular business attire for his home-office; listens to Indian classical music to switch off from work - The Economic Times". m.economictimes.com. Retrieved 2026-03-12.
  6. ↑ Mitra, Gairika (2020-06-09). "Women In Tech: Kanti Prabha, Co-founder & COO, SirionLabs". Express Computer. Retrieved 2026-03-12.
  7. ↑ "Insiders and outsiders who have reshaped legal work". 2025-06-25. Archived from the original on 2026-01-13. Retrieved 2026-04-03.
  8. ↑ "Funding Snapshot: Service-Contract Software Company SirionLabs Raises $12.25M Series B". Wall Street Journal. 2016-07-12. ISSN 0099-9660. Retrieved 2026-03-27.
  9. ↑ Raghavan, Ranjani; Kalesh, Baiju (22 November 2025). "TPG, Warburg Weigh $500 Million Stake in India-Rooted Sirion". Bloomberg.
  10. ↑ Bloomberg (2025-11-22). "US private equity firms TPG, Warburg mull $500 mn stake in India-rooted Sirion Labs". BusinessLine. Retrieved 2026-03-27.
  11. 1 2 "Legal tech company SirionLabs lands $85 mln in new funding round". Reuters. Archived from the original on 2022-05-11. Retrieved 2026-03-12.
  12. ↑ Verma, Archana. "Exclusive Interaction - Kanti Prabha, Co-Founder and COO, SirionLabs". www.dqchannels.com. Retrieved 2026-03-12.
  13. ↑ "Haveli to buy majority stake in contract software firm Sirion". Reuters. 8 January 2026.
  14. ↑ "Software unicorn Sirion appears to have moved its headquarters out of Washington". Puget Sound Business Journal. 2024-11-13. Retrieved 2026-03-12.
  15. ↑ "SirionLabs raises $12.25 m led by Sequoia". The Financial Express. 2016-07-12. Retrieved 2026-03-27.
  16. ↑ "TPG, Warburg in talks to buy over $500 million stake in Sirion Labs". Business Standard. 22 November 2025.
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