Venture Capital
New funding: SirionLabs, a “contract lifecycle management” startup with its U.S. headquarters in the Seattle region, landed $85 million to boost growth. The details: The 10-year-old company helps more than 250 customers such as Vodafone, Raiffeisen Bank, GTAA, and others track contract details with automation and AI technology. It is one of several “CLM” companies; fellow Seattle-area startup Icertis, valued at $5 billion in October, is a competitor, while others such as DocuSign and SAP Ariba also offer similar products. The market is expected to reach $3 billion by 2032.