The contract management platform developer took its total funding to more than $55m in a round that included existing backer Microsoft.

US-based contract management platform provider Evisort secured $35m yesterday in a series B round featuring M12, a corporate venture capital unit for software producer Microsoft.

Growth equity firm General Atlantic led the round and was joined by Amity Ventures and Vertex Ventures.

Evisort’s cloud-based platform uses artificial intelligence technology to help businesses categorise and manage their contractual documents. Its contract lifecycle management software is used by customers operating in the banking, healthcare and enterprise technology sectors.

The company, which was…