SirionLabs establishes US foothold to scale its NLP contract management software

SirionLabs, a startup providing vendor management software to enterprises, is adding a US headquarters to its footprint. The company was initially founded in India and has raised $16.95 million from Sequoia Capital India, Canopy Ventures and Qualgro VC to extract data from contracts to ensure transparency and accountability. The establishment of a US presence represents a strategic shift in the company's growth plans. Last year, SirionLabs told TechCrunch that it was looking to hire and relocate workers from Silicon Valley to India. While the startup has had offices in the UK, Germany, Denmark and Singapore, it has been slow to establish a permanent US team.