Ironclad

Ironclad is a cloud-based AI contract lifecycle management platform used by enterprise legal, procurement, sales, and operations teams to manage contracts from initiation through post-signature fulfillment.

Key Features & Functions:

No-Code Workflow Automation
A visual Workflow Designer allows teams to build and customize contract workflows without engineering support. Automated routing, approvals, and notifications reduce manual handoffs and bottleneck points across departments.

Contract Creation and Templates
Supports self-service contract requests using legal-approved templates. Business teams can initiate contracts without legal involvement for standardized agreement types, with configurable permission controls determining when legal review is required.

AI-Assisted Review and Redlining
Native AI assists with contract review, clause detection, and redlining. The platform supports automated first-pass markup and risk identification across contract provisions.

Jurist: Agentic AI Contract Partner
Jurist is an AI contract partner built on the Ironclad CLM infrastructure, designed for in-house legal teams. It supports playbook-guided redlining, clause drafting, contract summarization, risk analysis, and ad hoc legal research. Jurist uses multiple LLMs and a multi-agent model to process uploaded contracts and precedents in .docx and PDF formats, and can generate .docx output. It includes real-time internet access for legal research.

Native eSignature
An embedded eSignature solution supporting multiple signing methods, approval history tracking, and capture of key contract terms at the point of signature. Does not require a third-party e-signature integration for basic signing workflows.

Contract Repository and Search
Centralized contract storage with AI-powered data extraction, intelligent tagging, and search across the full contract portfolio. Includes Smart Import for ingestion of legacy contracts.

Analytics and Reporting
Configurable dashboards surface contract data, performance trends, risk exposure, and portfolio insights across all contract types and departments.

Obligation Fulfillment Tracking
Post-signature tools for tracking contract obligations, milestones, and renewal dates to support proactive management of commitments.

Clickwrap API
A separate developer-facing API for managing high-volume clickwrap agreements, including terms of service and other standardized acceptance workflows.

Funding Information:
Ironclad has raised a total of $334M in funding over 9 rounds. Their latest funding of $150M was raised in Jan 2022 from a Series E round from Accel, Arrive, Bond, Emergence, Franklin Templeton, Haystack, Lux Capital, Sequoia Capital, and Y Combinator Continuity Fund. Ironclad acquired PactSafe on Mar 25, 2021.