Summize, an AI contract lifecycle management (CLM) software firm, has secured a $50 million investment to accelerate its global expansion and advance its AI contract intelligence capabilities, the company said Tuesday.
The funding round included participation from existing investors Maven Capital Partners and YFM Equity Partners, as well as new investors Kennet Partners and Federated Hermes Private Equity. Summize has experienced rapid growth, with over 100% annual recurring revenue growth for five consecutive years.
With the new funding, Summize said it aims to continue scaling its business by focusing on its intuitive user experience, ongoing AI innovation, and expanding its ...
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