Blackstone led a $200m Series B round in Ontra.

Blackstone led a $200m Series B round in Ontra, a provider of technology and services for contract automation and intelligence, with participation from Battery Ventures, a venture capital firm, and Mike Paulus, Ontra Board Member. “This significant series B funding round by our long-time customer validates the quality and value of the solutions we deliver to businesses and legal teams around the world. Blackstone’s investment also reinforces our belief in the value of automating and enhancing contract workflows by combining the best of software, artificial intelligence and a unique labor model. By focusing our efforts on Contract Automation and Intelligence, we will continue to innovate and develop new technologies that revolutionize the way businesses manage contracts and improve the experience of lawyers working on our platform," Troy Pospisil, Ontra Founder and CEO.