# Pramata Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pramata

- Industry: Software
- Headquarters: Brisbane, US
- Website: www.pramata.com
- Total disclosed funding: $10M
- Latest round: Series A (Dec 11, 2015)
- Investors on record: 3

## About

Pramata Corporation specializes in advanced contract management solutions, utilizing AI technology to optimize contract processes for businesses. Their platform enhances efficiency and compliance for clients across various industries.Founded in 2005 by Praful Saklani and headquartered in Brisbane, US, Pramata Corporation focuses on contract management solutions. The company raised USD 10.00 mn in Series A financing on December 11, 2015, led by Volition Capital with participation from Argosy Private Equity and Peninsula Ventures. Pramata has engaged in one deal so far, indicating a selective approach to growth and investment.Pramata offers an advanced contract management platform that leverages AI technology to streamline and optimize contract processes for businesses. Its core product, the AI-driven Contract Repository, enables users to effortlessly access detailed contract information, ensuring critical insights are readily available to stakeholders when needed. The platform also includes features such as contract lifecycle management, centralized request handling, and the AI Design Studio, which allows businesses to create customized workflows and playbooks tailored to their operational needs. Pramata primarily serves corporate clients in the legal, finance, procurement, and sales sectors, facilitating contract management for organizations in various industries. The company has successfully deployed its solutions across multiple geographical markets, including North America and Europe, helping clients mitigate revenue loss, reduce vendor costs, and enhance compliance.Pramata generates revenue through a subscription-based model that allows organizations to access its suite of contract management tools. Clients typically engage with the platform on an annual or multi-year basis, providing a steady revenue stream for the company. The transaction structure is primarily B2B, where businesses pay for licenses that grant access to the various functionalities of the platform, such as the AI-Driven Contract Repository and Contract Lifecycle Management. While specific pricing details for individual products are not disclosed, the subscription model typically includes tiered pricing based on the size of the organization and the features required. Notably, Pramata’s flagship offerings include its Contract AI Knowledge Engine and the AI Negotiator, which collectively drive significant value for clients by enhancing their contract management efficiency.Pramata Corporation plans to invest the funds raised in December 2015 to enhance its product offerings and expand into new markets. This includes the development of new features for its AI-driven platform, although specific release dates are not detailed. The company aims to broaden its reach in North America and begin exploring opportunities in Europe by the end of 2024, leveraging recent funding to support these initiatives.

## Funding rounds

- Series A, Dec 11, 2015, $10M — Peninsula Ventures, Argosy Private Equity, Volition Capital

## Investors

- Peninsula Ventures (https://capitalatlas.ai/funds/peninsula-ventures) — Series A
- Argosy Private Equity (https://capitalatlas.ai/funds/argosy-private-equity) — Series A
- Volition Capital (https://capitalatlas.ai/funds/volition-capital) — Series A