Tech startup Icertis' valuation crosses $1 bn, joins unicorn club

Icertis raised $115 million in financing round co-led by Greycroft and Premji Invest, the family investment arm of Wipro Chairman and billionaire Azim Premji and existing investors

Icertis, which provides contract management software to customers like plane maker Airbus and pharma giant Merck, announced the closing of a $115 million Series E round. The financing round was co-led by Greycroft and Premji Invest, the family investment arm of Wipro Chairman and billionaire Azim Premji. Existing institutional investors including B Capital Group, Cross Creek, Eight Roads, Ignition Partners, Meritech Capital Partners and PSP Growth also participated in this round. Icertis would use the funding to scale up its operations globally and on acquisitions. It would also invest more in technologies like artificial intelligence and blockchain.

The US-based company was