Haveli Investments To Buy Majority Stake in Sirion

Breaking News: Haveli, a US technology-focused investment firm, is to buy a majority stake in legal AI company Sirion. Sirion previously bought UK-based Eigen, an early NLP contract AI company, some years ago.

Sirion is mainly focused on inhouse needs and works across the whole CLM field.

Haveli’s investment also provides Sirion with ‘additional capital and operational support to help accelerate product innovation, expand global reach, and deepen customer impact’, they added.

The move comes at a time where CLM players are facing serious competition – with each other and now legal AI platforms of multiple types that also work on contract needs.

Ajay Agrawal, Founder and CEO of Sirion, commented: ‘This partnership allows us to accelerate [our] vision and continue building the platform our customers rely on to run their businesses.’

Sumit Pande, Senior Managing Director at Haveli Investments, added: ‘Sirion is one of the best examples we have seen of a system-of-record software company combining proprietary small-language models with frontier LLMs and creating next-gen agentic AI workflows.

‘As AI becomes increasingly central to how enterprises operate, we see strong structural tailwinds for AI-first platforms that sit at the core of business workflows, and we look forward to partnering with Ajay and the entire Sirion team on the company’s next phase of growth.’

‘Sirion has delivered sustained growth, averaging over 40% annually over the past five years, and recently turned profitable. The company’s global footprint has expanded to ten offices across the U.S., Canada, the U.K., France, Germany, India, South Africa, and Singapore. Today, Sirion serves hundreds of enterprises across 70+ countries and has built a strong and growing partner ecosystem spanning all key global regions,’ the company added.

Shailendra Singh, Managing Director at Peak XV, which was the first institutional investor to partner with Sirion over a decade ago, concluded: ‘This majority investment from Haveli is a testament to the strength of the platform and the team behind it. We are honored to have been part of this journey and remain confident that Sirion will go from strength to strength as they continue to build an enduring company.’

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