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How Ultria CEO Digesh Panchal grew to $8.5M revenue with a 65 person team in 2023.

Ultria develops and licenses enterprise-critical SaaS solutions to deliver value to Legal, Sales, Procurement, and HR teams. Ultria software products have been built around intuitive user experience, leveraging a comprehensive knowledge base, robust Artificial Intelligence technology, and encapsulates industry's best-of-breed processes and methodologies.

Ultria offers Contract Lifecycle Management (CLM) an end-to-end contract management solution for the enterprise. It is a market-proven solution with a legacy of successful deployments over more than seven years.

With a workflow-based authoring and approval tool, and a comprehensive repository of contracts and clauses, Ultria CLM helps companies across the spectrum derive greater value from their contracts. By connecting with eSignature and CRM solutions, Ultria CLM seamlessly streamlines the quote-to-contract conversion process.

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Ultria Revenue

In 2023, Ultria's revenue reached $8.5M. The company previously reported $7.6M in 2021. Since its launch in 2012, Ultria has shown consistent revenue growth.

Ultria Revenue GrowthReported revenue / ARR over time$0$2M$4M$6M$8M$10M2012201420162018202020222023$0$8M$9MSource: GetLatka.com
YearMilestoneQuote
2023Ultria Hit $8.5m revenue in December 2023
2021Ultria Hit $7.6m revenue in April 2021
2012Launched with $0 revenue

Ultria Valuation, Funding Rounds

Ultria is a bootstrapped AI & Machine Learning Operationalization (MLOps) Software startup. Founded in 2012, Ultria has grown to $8.5M in revenue without raising any venture capital or outside funding.

As a self-funded AI & Machine Learning Operationalization (MLOps) Software SaaS company, Ultria has built its business with no outside investment.

Ultria Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$12012Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Digesh Panchal

Digesh Panchal is Vice President of Products and Delivery at Ultria and Verdantis, Inc. An ardent promoter and practitioner of Theory of Constraints and Critical Chain Project Management, Digesh brings with him deep domain expertise from his long and rich personal experience in manufacturing. He spearheads the product, delivery, and consulting teams at Ultria and has led highly complex implementations of Master Data Management solutions for multiple master domains, across various industries and varied deployment models.

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Customers

We do not have customer count information for Ultria yet.

Ultria Employees & Team Size

Ultria employs approximately 65 people as of 2026, up from 61 in 2022, including 3 sales reps that carry a quota.

Ultria Team GrowthReported headcount over time0204060801002012201420162018202020222023006565Source: GetLatka.com
YearMilestone
2023Reached 65 employees (December 2023)
2022Reached 61 employees (December 2022)
2021Reached 69 employees (December 2021)
2021Reached 90 employees (April 2021)

Frequently Asked Questions about Ultria

What is Ultria's revenue?

Ultria generates $8.5M in revenue.

Who founded Ultria?

Ultria was founded by Digesh Panchal.

Who is the CEO of Ultria?

The CEO of Ultria is Digesh Panchal.

How much funding does Ultria have?

Ultria raised $0.

How many employees does Ultria have?

Ultria has 65 employees.

Where is Ultria headquarters?

Ultria is headquartered in United States.

Compare Ultria to the industry

Ultria operates across multiple industries. Browse revenue, funding, and growth data for Ultria in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Ultria Revenue 2023: $8.5M ARR (Bootstrapped)