Sirion is an AI-driven Contract Lifecycle Management (CLM) platform designed to assist enterprises in storing, creating, and managing contracts. It incorporates generative AI to support contract digitization, AI-assisted negotiation, conversational search, and obligation tracking, facilitating contract management across legal, procurement, sales, and finance teams.

The platform utilizes AI models to automate processes such as issue detection and redlining, providing suggested contract modifications to reduce manual effort and improve review efficiency.

Organizations including BNY Mellon, DHL, KPMG, and Vodafone use Sirion to manage over 7 million contracts, valued at approximately $800 billion, across multiple languages and business relationships. Analysts and industry reports have recognized its role in advancing CLM capabilities through AI-driven contract visibility, collaboration, and process automation.

The Contract Lifecycle: Store, Create & Manage

Store: Get Contract Insights, Not Search Results
Integrate with any system, consolidate contracts in a centralized repository, and use plain language questions to find insights, take action or navigate the system.

• Faster contract migration
• 1200+ fields and clause types supported out-of-the-box
• 15+ languages supported
• Faster contract searches

Create: Accurate Contract Review and Negotiations. AskSirion to generate first drafts, review contracts to detect deviations from your playbook, and get the insights you need to negotiate with clarity and confidence.

• Faster first drafts
• Faster contract review
• Increased number of issues detected

Manage: Faster Value Realization, Fewer Disputes. Effortlessly ensure contractual commitments are met on time, diffuse issues before they become disputes, and align payment with performance to protect your
bottom line.

• Lower spend leakage
• Reduced governance costs
• Reduction in post-signature disputes
• Reduced cost of contract process optimization

In-House Legal Solutions

Contract Repository
A contract repository provides a centralized, secure hub for managing all current and legacy contracts, with integration options that allow stakeholders to access it through their preferred business systems.

AI Insights
AI Insights provides advanced contract analysis by identifying clauses based on contextual meaning rather than mere labels. This enables rapid detection of clause variations across a contract portfolio or verification of missing clauses in specific documents under review.

Workflow Automation
Automated contract workflows and templates tailored to each business team enable self-service contract generation, incorporating built-in guidelines and guardrails that are automatically enforced.

Dashboards & Reporting
AI-powered, customizable dashboards and reports offer executive-ready, real-time data visualizations on contracts and contracting workflows.

Integrations
Empower business teams with intuitive workflows and timely insights powered by seamless, two-way integrations between your CLM and their preferred business systems.

Contract Repository
All contracts are centralized in a secure, easily searchable repository that integrates seamlessly with other business systems.

In June 2024, Sirion announced the acquisition of Eigen Technologies.

Funding Information:
Sirion has raised a total of $171M in funding over 5 rounds. Their latest funding was $25M raised on Jan 3, 2023 from a Series D round from Brookfield Growth.