Agiloft
No-code contract lifecycle management (CLM) software for building and managing agreements.
On the record
Checkpoint: Astra free tier goes fully live, testing whether it expands or cannibalizes paid deals
The call
Agiloft has real customers and real lock-in, but it is sandwiched between a bigger CLM rival with more analyst credibility and free AI tools eating the features it is betting its growth on.
Agiloft sells software that helps companies write, review, and manage contracts. The company has real stickiness because once a team builds workflows and stores contracts in Agiloft, switching out is painful. But DocuSign already built a rival contract tool and has won Gartner's top rating six times in a row, and ChatGPT-style AI can now do much of what made Agiloft special, like reviewing documents and pulling out key terms. The key question is whether Agiloft's free tier can trap new users before DocuSign and general AI tools squeeze them out from both sides, or whether trading paying customers for free users will slow growth and force cost cuts under its new owner, KKR.
Why
01
AI pressure: Microsoft Copilot / ChatGPT Enterprise. Horizontal LLMs already do contract review and redlining, the exact features Agiloft bought Screens to sell as its growth story. Could AI do the core job? Only partly.
02
Bigger players: DocuSign. DocuSign has shipped its own CLM and holds six straight Gartner Leader spots while Agiloft still fights for contender status. Could a giant copy it? Yes, easily.
03
What protects it. Deep workflow lock-in across 1,000+ integrated business systems makes ripping Agiloft out of a company's contract process painful.
What would change this call
Whether Agiloft's Astra free tier (GA July 2026) shows expansion revenue or shrinking average deal size in coming quarters. Would show if free tier grows the base or cannibalizes existing $67K enterprise contracts.
Next Gartner Magic Quadrant CLM refresh placement of Agiloft versus DocuSign, Ironclad, Icertis. Would show whether analysts see Agiloft gaining or losing ground to named rivals.
Any KKR-driven sale, IPO filing, or leadership/cost-cutting move within the next year. Would show whether PE ownership is pushing Agiloft toward an exit or restructuring.
Next Gartner Magic Quadrant CLM refresh placement of Agiloft versus DocuSign, Ironclad, Icertis. Would show whether analysts see Agiloft gaining or losing ground to named rivals.
Any KKR-driven sale, IPO filing, or leadership/cost-cutting move within the next year. Would show whether PE ownership is pushing Agiloft toward an exit or restructuring.
Key numbers
- ~$71.4M estimated 2024 revenue
- KKR took majority stake, May 2024
- ~$67,000 average annual customer spend
Named risks
- KKR private-equity ownership since May 2024 may prioritize cost control or exit over growth investment.
- Astra free tier launched July 2026 could cannibalize ~$67K enterprise deals instead of expanding revenue.
- Horizontal LLMs (Copilot, ChatGPT Enterprise) commoditize AI-adjacent review and redlining features.
- DocuSign's six-year Gartner Leader incumbency and full-CLM expansion pressures Agiloft's differentiation.
- Key growth and customer figures rely on vendor press releases and third-party estimates, not audited data.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| DocuSign | losing to | Named Gartner Magic Quadrant CLM Leader for 6th consecutive year, extending into full CLM as of 2025-11-13 |
| Microsoft Copilot / ChatGPT Enterprise | losing to | Horizontal LLMs increasingly perform contract review, redlining and extraction Agiloft sells as AI features (2026) |
| Icertis | contesting | MGI Research (Sept 2025) ranks Icertis, Conga, Agiloft jointly highest on Solution and GTM Strength |
| Ironclad | contesting | MGI Research notes Ironclad leading the mid-market CLM segment as of 2026-02-12 |
Questions people ask
- Who owns Agiloft now?
- KKR, via its Next Generation Technology III Fund, acquired a majority stake in Agiloft in May 2024, with FTV Capital adding investment and JMI Equity joining as a new investor. No public valuation was disclosed for the deal as of July 2026.
- Is Agiloft profitable in 2026?
- No audited financials are public. Agiloft has raised $45M total (FTV Capital, 2020) plus an undisclosed KKR majority investment in May 2024, suggesting it still relies on private capital rather than confirmed profitability.
- Could AI replace Agiloft's contract review tools?
- Agiloft's own AI features (Screens, acquired January 2025, claims 97.5% accuracy; reviews cut time up to 80%, vendor-claimed June 2026) overlap heavily with tasks horizontal tools like ChatGPT Enterprise and Microsoft Copilot can also perform, exposing that layer to commoditization.
- How does Agiloft compare to DocuSign in contract management?
- DocuSign was named a Gartner Magic Quadrant CLM Leader for a sixth consecutive year in November 2025, having expanded from e-signature into full CLM. Agiloft is also a named Leader (Forrester Wave Q1 2025) but lacks DocuSign's incumbency and signature-workflow distribution.
- What is Agiloft Astra?
- Astra is Agiloft's standalone contracts-AI platform, announced April 21, 2026 and reaching general availability July 14, 2026, offering a free plan with unlimited users, AI-assisted contract intake, guided contract updates, and a 'Clean Data Promise' that customer data is never used to train AI models.
- Who is Agiloft's biggest competitor?
- DocuSign is Agiloft's most credible incumbent threat, holding six consecutive years as a Gartner Magic Quadrant CLM Leader (through November 2025) and having extended from e-signature into full Intelligent Agreement Management, directly overlapping Agiloft's core CLM market.
Timeline
- 2026-07-14Agiloft Astra reaches general availability with free tier and agentic features
- 2026-04-21Agiloft announces Astra, a standalone contracts-AI platform with waitlist early access
- 2026-01-27Agiloft reports 250% AI-user growth and 12x usage growth in Screens since Dec 2024
- 2025-12-07Agiloft launches AI-driven Obligation Management; hires ex-Microsoft CLO Jason Barnwell
- 2025-04-15Agiloft launches 'AI on the Inside,' embedding Screens AI into base CLM package
- 2025-01-14Agiloft acquires Screens, an AI contract review and redlining vendor
- 2024-05-30KKR acquires majority stake in Agiloft; FTV Capital and JMI Equity also invest
- 2020-08Agiloft raises $45M growth equity from FTV Capital
- 2012Company renamed from SaaSWizard lineage to Agiloft
- 1990-10-12Founded in Redwood City as Integral Solutions Corporation by Colin Earl
Revision history
22 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Agiloft (2026-01-16)
- KKR Acquires Majority Investment in Agiloft (2026-07-13)
- Agiloft Stock Price, Funding, Valuation, Revenue & Financial Statements (2025-11-09)
- $71.4M Est. ARR, $45M Raised (2024-10-16)
- Agiloft Launches Enterprise-Grade Obligation Management (2025-12-07)
- Agiloft Reports Strong Growth in AI Adoption (2026-01-27)
- Agiloft - Headcount, Funding & Open Jobs (2026-07-08)
- Agiloft Announces General Availability of Agiloft Astra (2026-07-13)
- Cost + Features + Reviews (2026-05-07)
- Agiloft Acquires Screens (2025-01-14)
- Agiloft Sets New Benchmark in CLM with Industry-first AI on the Inside (2026-07-13)
- Agiloft Launches Astra™ (2026-07-13)