Terzo, a Los Angeles, CA-based AI-powered contract intelligence platform, raised $16M in Series A funding.
The spherical was led by Align Ventures with participation from TYH Ventures, Engage Ventures, Human Capital in addition to angel buyers that embody Ryan Breslow and Daniel Saks.
The firm intends to make use of the funds to proceed to increase additional into the Fortune 1000 as these firms want its know-how most.
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Led by Brandon Card, founder & CEO, and Justin Hiatt, Chief Growth Officer, Terzo gives a contract intelligence software program powered by an AI-as-a-Service mannequin. The system extracts crucial information trapped in contracts to assist organizations optimize their spend and income throughout their provider and buyer relationships.
Terzo additionally affords API integrations to cloud and on-premise information sources and sits on prime of core enterprise functions as an extra layer of intelligence.
Today, the platform is being utilized by a Fortune 50 retailer and a big monetary transaction processor. The firm has over $20B of contract worth being managed throughout all prospects.