# Arteria AI: Information technology & services, Toronto, Canada

> Arteria AI: Arteria AI is a Toronto-based company that specializes in contract lifecycle management (CLM) and document intelligence. Based in Toronto, Canada.

Source: https://millionrounds.com/startup/arteria-ai (Millionrounds; every figure on the page links to its filing or article)

Canada · [Information technology & services startup](https://millionrounds.com/companies)

# Arteria AI

Arteria AI is a Toronto-based company that specializes in contract lifecycle management (CLM) and document intelligence.

Funding reported Last round: Series B

Information technology & services Toronto, Canada

Company summary

- **Founded:** 2020 6 years old
- **Team:** 65 51 to 200 people
- **Funding reported:** 40.9M as listed, currency not stated
- **Last round:** Series B Oct 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Arteria AI has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Arteria AI

Arteria AI is a Toronto-based company that specializes in contract lifecycle management (CLM) and document intelligence.

Founded in 2020 by Jonathan Wong, Abrar Huq, and Shelby Austin, the company operates as an AI-as-a-Service (AIaaS) provider within the Legal Tech and FinTech sectors. Arteria AI's mission is to transform unstructured legal and financial documents into structured, searchable data using Natural Language Processing (NLP) and automation. The flagship product, the Arteria platform, offers a no-code/low-code solution for end-to-end digital contracting. It automates the entire contract lifecycle, from drafting to analysis, enabling organizations to streamline negotiations, reduce manual processes, and enhance compliance. Arteria AI primarily serves global Tier 1 financial institutions, commercial banks, and large corporations, helping them manage high volumes of contracts efficiently. With approximately 46 employees and $50 million in funding, Arteria AI is positioned as a key partner for enterprises looking to modernize their contract management processes.

## What company datasets say Arteria AI raised

Funding, as reported

Reported in all **40.9M** in the source's currency

Rounds **3**

Last round **Series B**

Last round size **30M**

Last round date **Oct 2023**

Investors listed **7**

## Founders and team

From Arteria AI's own website: 3 founders, 4 on the team.

**Shelby Austin** Co-Founder & Chief Executive Officer

**Abrar Huq** Co-Founder & Chief Client Officer

**Jonathan Wong** Co-Founder & Chief Technology Officer

- **Devin Held** Vice President and Head of Product
- **Mark Bennewith** Regional Vice President, Head of EMEA
- **Anthony Lisi** Chief of Staff
- **John Wallace** Chief Financial Officer

## On a portfolio page

Investors who name them

- [Notable Capital](https://millionrounds.com/fund/notable-capital)

Each firm lists Arteria AI on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

contract management system contract automation ai-powered contract automation integration with financial systems contract lifecycle analytics collaborative workflows contract process automation enterprise-grade security e-signature integration contract data structuring ai-powered legal processes data extraction ai contract drafting enterprise legal ai risk management in contracts financial institutions

Built with from their website

GitHub Actions Zendesk Microsoft Entra ID Docker Macaron TUNE CloudFlare CDN Google Tag Manager Amazon CloudFront React

+8 more

Hotjar CAPTCHA JavaScript HSTS Datadog Figma Microsoft Exchange Atlassian

- **Sector:** Information technology & services
- **Industry code:** NAICS 54151, 513210, SIC 7375, 7372
- **Region:** Ontario
- **Revenue:** 15M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/arteria-ai)

## Information technology & services in Canada

Startups like it

- [**Cohere** Toronto · founded 2019 *Raised*](https://millionrounds.com/company/cohere)
- [**Hopper** Montreal · founded 2007 *Raised*](https://millionrounds.com/company/hopper)
- [**Top Hat** Toronto · founded 2009 *Raised*](https://millionrounds.com/company/top-hat)
- [**neuvoo** Montreal · founded 2011 *Raised*](https://millionrounds.com/company/neuvoo)
- [**TrackTik** Montreal · founded 2010 *Raised*](https://millionrounds.com/company/tracktik)
- [**Elastic Path** Vancouver · founded 2000 *Raised*](https://millionrounds.com/company/elastic-path)
- [**Benevity** Calgary · founded 2008 *Raised*](https://millionrounds.com/company/benevity)
- [**gaiia** Montreal · founded 2023 *Raised*](https://millionrounds.com/company/gaiia)

## Is this your company?

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