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Arteria's focus is initially on the financial services sector, with a client base including global and domestic systemically important banks and spanning North America, the UK, Europe, and Asia-Pacific.
FREMONT, CA: Arteria AI, a global leader in enterprise digital contracting, is pleased to announce that it has closed an oversubscribed Series A funding round, led by Information Venture Partners and Illuminate Financial Management with participation from Golden Ventures and StandUp Ventures. Arteria will use these funds to scale its proven technology by building out products, sales, and delivery globally.
Built by a team of technologists, scientists, lawyers, and subject-matter experts, Arteria applies artificial intelligence and a data-first approach to the drafting, negotiation, and analysis of contracts. Arteria unlocks contracts' power by helping organizations deal faster and turn executed contracts into data, thereby identifying opportunities to drive value and insight from a traditional cost-center.
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"We are excited to welcome such incredible partners onboard, each bringing deep expertise and networks to help us navigate the global Fintech marketplace and accelerate our growth. We created Arteria to remove the enormous friction in existing contracting processes. Our mission is to provide exceptional digital contracting experiences to our clients, backed by the free flow of contractual data across organizations. Securing this milestone is a wonderful step forward on the journey." said Shelby Austin, CEO of Arteria AI
Arteria's focus is initially on the financial services sector, with a client base including global and domestic systemically important banks and spanning North America, the UK, Europe, and Asia-Pacific. Arteria has seen rapid growth to date and was recently recognized by the Financial Times with the Intelligent Business Award for Contracting for saving clients as much as 60 percent of their associated costs.
Information VP and Illuminate specialize in investing in B2B Fintech and Enterprise SaaS with the potential to have a transformational impact on the global financial services sector.
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