Ironclad
Ironclad is contract lifecycle management software for creating, negotiating and analyzing contracts with AI.
Updraft
Updraft develops legal document automation and contract lifecycle management software with questionnaire-based drafting, workflow automation, approvals, e-signature, reporting, and deadline tracking.
Ironclad vs Updraft
At a Glance
| Detail | Ironclad | Updraft |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $331M | Not disclosed |
| Rounds tracked | 5 | Not disclosed |
| Latest round | Series E, $150M · Jan 2022 | Not disclosed |
| Last valuation | $3.2B | Not disclosed |
| Lead investors | Franklin Templeton, BOND, Y Combinator Continuity, Accel | Not disclosed |
| Built for | In-house teams, Mid-size firms | Not disclosed |
| Headquarters | United States | Not disclosed |
Funding, Side by Side
Ironclad rounds
- Jan 2022Series E$150M
- Jan 2021Series D$100M
- Sep 2019Series C$50M
- Jan 2019Series B$23M
- Aug 2017Series A$8M
Updraft rounds
No public rounds tracked yet.
Our Take
We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.
Quick Answers
- Which has raised more, Ironclad or Updraft?
- Ironclad has raised $331M in disclosed funding, compared with no disclosed amount for Updraft.
- What is Ironclad best for?
- Ironclad is contract lifecycle management software for creating, negotiating and analyzing contracts with AI.
- What is Updraft best for?
- Updraft develops legal document automation and contract lifecycle management software with questionnaire-based drafting, workflow automation, approvals, e-signature, reporting, and deadline tracking.
Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.