Today, contract lifecycle management (CLM) provider SirionLabs announced it has raised $85 million in a Series D funding round led by private equity company Partner Group, and including existing investors Sequoia Capital and Tiger Global. According to SirionLabs, the new investment brings the total funding raised by the company to $157 million since its founding in 2012.

In a press release, the company said it will use the investment for product development and scaling up, with plans to add up to 200 new employees to its ranks.