Klarity

About

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

San Francisco,California,United States
11 - 50
https://www.tryklarity.com

Highlights

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