SirionLabs, a contract lifecycle management (CLM) startup, has raised $25 million from Brookfield Growth, bringing its extended Series D round to $110 million.

The previous round was led by Partners Group, with participation from existing investors Sequoia India and Tiger Global.

The company said it would use the fresh capital to expand its leadership in the CLM market. Ajay Agrawal, founder and CEO of Sirion, said: “Sirion’s superpower is that it surpasses the operational efficiency of traditional CLM to monitor and manage performance according to the contract terms after the contract is signed.”

“Implementing complex objects like obligations, service levels and pricing mechanisms to achieve hard dollar savings is a harder path, but ultimately results in broader business value for our customers,” he said.

The investment in Brookfield Growth will allow Sirion to enhance its artificial intelligence capabilities and integrations with enterprise platforms such as SAP S/4HANA, Salesforce and Microsoft 365.

The company said it is expanding R&D to cities worldwide to tap talent in artificial intelligence, user experience, data science and design thinking. Sirion works with more than 250 organisations in 70 countries.