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Klarity

company

About

Klarity uses Artificial Intelligence to automate Billing & RevRec contract review for SaaS and Software companies.

Details

Last Funding Type
Series A
Last Funding Money Raised
$18M
Industries
Accounting,Artificial Intelligence,Document Management,Document Preparation,Machine Learning,SaaS,Software
Founded date
Jun 5, 2017
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Klarity Intelligence, Inc.

Klarity's software simplifies your ASC 606 or IFRS 15 customer contract review process. Klarity normalizes your contract review controls through a standardized checklist, uses Machine Learning to review customer contracts for clauses with potential revenue impact, documents technical Revenue Recognition impact according to ASC 606 or IFRS 15, and stores all relevant documents (e.g. MSA, Order Form, RevRec schedule and Invoice) in one record. 

Klarity was founded by Andrew Antos, a Harvard lawyer, and Nischal Nadhamuni, an MIT Computer Science graduate.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$20.37M
Klarity has raised a total of $20.37M in funding over 2 rounds. Their latest funding was raised on Jan 24, 2022 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 24, 2022 Series A $18M 19 Tola Capital Detail
Jan 20, 2019 Seed $1.80M Detail
Aug 20, 2018 Seed $120K 3 Detail
Nov 1, 2017 Pre-seed $455K 2 Detail
Oct 23, 2017 Pre-seed Detail

Investors

Number of Lead Investors
Number of Investors
1
22
Klarity is funded by 22 investors. Tola Capital and Brad Lightcap are the most recent investors.
Investor Name Lead Investor Funding Round
Tola Capital Yes Series A
Brad Lightcap Series A
Brandon Deer Series A
Crew Capital Series A
Daniel Dines Series A
Daniel Gross Series A
David Sipes Series A
Douglas Solomon Series A
Dylan Reider Series A
Elad Gil Series A

Employee Profiles

Number of Employee Profiles
5
Klarity has 5 current employee profiles, including Executive Nischal Nadhamuni
Executive
Board member
Executive
Advisor
Employee