202128 Sep

Malbek Raises $15.3 Million Series A Funding Round to Expand Its Proprietary AI Core Contract Lifecycle Management Platform


Funding will be used to accelerate the companys proprietary, patent-pending AI product innovations while continuing to expand across multiple industries, bringing contracting efficiencies to businesses of all sizes. "This investment unlocks our next stage as a company and enables us to empower more business users to get deeper, more actionable contract data insights that will ultimately save organizations valuable time, reduce risk, and accelerate topline revenue," said Hemanth Puttaswamy, CEO and Co-founder of Malbek. Understanding these gaps in the market, Malbek was born with a vision to offer next-generation contract management that both delights the user and accelerates ROI. • None Malbek Contrax™ has proven to free up legal teams time on contracts by as much as 70% by providing all business users with an intuitive, self-service experience. By supporting the growing contracting demands of your entire organization, including Sales, Finance, Procurement, and other critical business units, Malbeks CLM solution delights every user.

Source: Yahoo