Summize Closes $50M Series B

Summize, a provider of AI-powered Contract Lifecycle Management (CLM) solutions, has secured $50.0 million in new investment capital from investors.

The funding round marks a significant milestone for the company, which specializes in helping businesses eliminate contract chaos and achieve clarity across their operations.

The company's core offering is an AI-powered CLM platform designed to assist legal and business teams in maintaining alignment and control over their contracts.

Summize achieves this by embedding smart, intuitive contract workflows directly into the tools teams already utilize, such as Outlook, Gmail, Microsoft Teams, Slack, Salesforce, HubSpot, and Microsoft Word.

This integrated approach aims to provide shared visibility, faster turnaround times, and fewer surprises without requiring extensive implementation projects or complicated training.

Summize has established itself by being one of the first CLM solutions to adopt this embedded, integrated strategy.

Beyond its seamless integration, the company is recognized for its sprint-based implementation, dedicated support, and powerful AI capabilities that enhance legal tasks.

Its solutions are currently valued by businesses globally, including Revolut, Miami Heat, and Matillion.

This capital infusion will enable Summize to accelerate its growth initiatives.

The company plans to use the funds to further develop its AI-powered CLM platform, expand its market reach, and enhance its operational capabilities across its US and UK headquarters.

With this investment, Summize is well-positioned to continue its mission of delivering contract clarity and efficiency, supporting a broader range of businesses in streamlining their contract processes and fostering greater control.