Bengaluru, June 14 -- SimpliContract, an artificial intelligence (AI) and software-as-as-service or SaaS-based contract lifecycle management (CLM) platform, has raised $1.8 million in a seed funding round led by Kalaari Capital.

Picus Capital, Arka Ventures and Digital Sparrow Capital also participated in the round, which will drive its efforts in engineering, AI research and marketing.

SimpliContract said it democratizes contract authoring and establishes post-signature contract management practices by leveraging AI and natural language processing (NLP). The product supports organizations across the contract lifecycle - from request to renewal - and enables collaboration for internal and external stakeholders such as vendors and custom...