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SpotDraft taps AI to help streamline contract management
SpotDraft, a contract lifecycle management platform with AI-powered features, has raised $54 million in a new funding round.
Bijapur, the company’s CEO, says that the idea for SpotDraft came to him while he was an associate at Bengaluru-based law firm White & Case, which dealt with high volumes of corporate contracts. A unified task center shows upcoming deadlines, renewal reminders, and individual and team jobs, helping orgs stay organized — at least in theory. This week, the company announced that it raised $54 million in a Series B round led by Vertex Ventures Singapore with participation from Trident Partners.
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