Terzo, a Los Angeles, CA-based AI-powered contract intelligence platform, raised $16M in Series A funding.
The round was led by Align Ventures with participation from TYH Ventures, Engage Ventures, Human Capital as well as angel investors that include Ryan Breslow and Daniel Saks.
The company intends to use the funds to continue to expand further into the Fortune 1000 as these companies need its technology most.
Led by Brandon Card, founder & CEO, and Justin Hiatt, Chief Growth Officer, Terzo provides a contract intelligence software powered by an AI-as-a-Service model. The system extracts critical data trapped in contracts to help organizations optimize their spend and revenue across their supplier and customer relationships.
Terzo also offers API integrations to cloud and on-premise data sources and sits on top of core enterprise applications as an additional layer of intelligence.
Today, the platform is being used by a Fortune 50 retailer and a large financial transaction processor. The company has over $20B of contract value being managed across all customers.