Veritas, AZB, IndusLaw, Clifford Chance, GT Law act on SirionLabs US$85 million funding

Global leader in artificial intelligence (AI)-powered contract lifecycle management SirionLabs Pte. Ltd has raised approximately US$ 85 million in its Series D round. The round was led by Partners Group.

Existing investors Avatar Capital, Sequoia Capital and Tiger Global participated in the round.

Veritas Legal acted for Partners Group on the deal.

The team was led by Kunal Doshi (Partner) and assisted by Karun Jhangiani (Senior Associate)

Clifford Chance (Singapore) advised Partners Group on Singapore law aspects of the transaction

GT Law LLC (Singapore) acted for SirionLabs.

Indus Law acted for Sequoia.

Gunderson Dettmer (Singapore) and AZB & Partners (India) advised Tiger Global.

The funds raised will be used in product innovation, enhancing the AI capabilities within the software and improving the user experience. The following areas will also receive attention

• Reducing time-to-contract for sales teams

• Minimizing risk and contract review time for legal teams

• Providing finance professionals with visibility into expenses and revenues

• Supporting procurement professionals with negotiations

• Curtailing costs and increasing the efficiency of supplier management