
Ironclad Connect
by Ironclad
Ironclad Connect is a secure, cloud-based platform that allows businesses to collaborate with counterparties on contracts. The platform provides a central location for storing, tracking, and negotiating contracts. It also provides a secure way for parties to sign contracts electronically.
Ironclad, based in the San Francisco area, makes enterprise software for managing contracts. L’Oréal, Staples, Mastercard, and other leading clients use Ironclad to collaborate and negotiate on contracts, accelerate contracting while maintaining compliance, and turn contracts into critical carriers of operational business intelligence. It can handle every type of contract workflow, whether a sales agreement, an HR agreement, or a complex NDA. The company was named one of the 20 Rising Stars on the Forbes 2019 Cloud 100 list and is backed by leading investors like Sequoia, Bond, Accel, Y Combinator, Lux, and Emergence, having raised a total of $334M in funding over 8 rounds.
Ironclad Connect is designed to improve the contract lifecycle by making it more efficient, secure, and compliant. The platform can help businesses to:
Reduce the time spent negotiating contracts: Ironclad Connect provides a central location for storing and tracking contracts. This makes it easy for businesses to find and access the latest version of a contract. The platform also provides a secure way for parties to collaborate on contracts. This can help to reduce the time spent negotiating contracts.
Improve contract compliance: Ironclad Connect provides a number of features that can help businesses to ensure that their contracts are compliant with applicable laws and regulations. For example, the platform can track contract changes and provide alerts when a contract is about to expire.
Increase contract security: Ironclad Connect uses a number of security measures to protect contracts from unauthorized access. For example, the platform uses encryption and role-based access control.
Funding Information:
Ironclad has raised a total of $334M in funding over 9 rounds. Their latest funding of $150M was raised in Jan 2022 from a Series E round from Accel, Arrive, Bond, Emergence, Franklin Templeton, Haystack, Lux Capital, Sequoia Capital, and Y Combinator Continuity Fund. Ironclad acquired PactSafe on Mar 25, 2021.
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