Also, the company’s valuation crossed $1 billion mark, securing its place in the startup unicorn list.
While, according to the sources, the fresh round of funding will be utilised to strengthen its product, expand global footprint and also invest in new technologies.
According to the company, its software platform is used to manage 5.7 million contracts in 40+ languages across 90 countries.
Till date, the company has raised $211 million in funding.
Icertis has around 850 employees and more than 600 of them are based in Pune. It has offices across North America, Europe, Asia Pacific, and Australia.