Veritas, AZB, IndusLaw, Clifford, and GT Law act on SirionLabs funding
The US$ 85 million funds raised would be used for enhancing the Artificial Intelligence capabilities
The global leader in the space of Artificial Intelligence (AI)-powered contract lifecycle management, SirionLabs Pte Ltd, has raised millions of dollars in its Series D round that was led by the Partners Group.
The existing investors Avatar Capital, Sequoia Capital, and Tiger Global also participated in the round.
The funds raised will be used for product innovation and enhancing the AI capabilities within the software and improving the user experience.
It will enable reducing the time-to-contract for sales teams; minimize risk and contract review time for legal teams; provide finance professionals with visibility into expenses and revenues; support procurement professionals with negotiations; curtail costs, and increase the efficiency of supplier management.
As Veritas Legal acted for Partners Group on the deal, its 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.