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Ironclad vs Relativity

Side-by-side on valuation, funding, investors, founders & more

Comparison updated: April 2026

Neck and neck — Ironclad ($3.2B) and Relativity ($3.6B) are valued within 20% of each other.

Head-to-Head Verdict

Relativity leads on 3 of 4 metrics

Ironclad

1 win

-Valuation
+Awaira Score
-Team Size
-Experience

Relativity

3 wins

+Valuation
-Awaira Score
+Team Size
+Experience

Key Numbers

Valuation
$3.2B
$3.6B
Total Funding
$333M
N/A
Awaira Score
80/100
75/100
Employees
400
1750
Founded
2014
2001
Stage
Series E
Private
IroncladRelativity
Winner
Ironclad logo
Ironclad

🇺🇸 United States · Jason Boehmig

Series EAI LegalEst. 2014

Valuation

$3.2B

Total Funding

$333M

Awaira Score80/100

400 employees

Full Ironclad Profile →
Relativity logo
Relativity

🇺🇸 United States · Andrew Sieja

PrivateAI LegalEst. 2001

Valuation

$3.6B

Total Funding

N/A

Awaira Score75/100

1750 employees

Full Relativity Profile →
Market Context

This is a head-to-head contest: both operate in AI Legal and share a home market in United States. Different stages (Series E vs Private) mean these companies face fundamentally different operational priorities.

🔬

Analyst Summary

Built from real data · Updated April 2026

Companies

In the AI Legal market, Ironclad and Relativity represent two distinct approaches. Ironclad is a legal AI platform founded in 2014 that specializes in contract management and analysis. Relativity is a cloud-based legal technology platform founded in 2001 that provides software solutions for legal discovery, case management, and document review.

Funding & Valuation

The two trade at comparable valuations — Relativity at $3.6B versus Ironclad at $3.2B. Ironclad has raised $333M in disclosed funding.

Growth Stage

Relativity (est. 2001) predates Ironclad (est. 2014) by 13 years, a significant head start in building market presence. Growth stages differ: Ironclad (Series E) versus Relativity (Private), a distinction that matters for both deal structure and competitive positioning. Headcount tells a story too: Ironclad has 400 employees and Relativity has 1750.

Geography & Outlook

Both companies are headquartered in 🇺🇸 United States, competing for the same regional talent pool and customer base. On Awaira's 0-100 scale, the gap is minimal — Ironclad scores 80 and Relativity scores 75. Under Jason Boehmig and Andrew Sieja respectively, both companies continue to chart aggressive growth paths.

Funding Velocity

Ironclad

Total Rounds5
Avg. Round Size$66.6M
Funding Span4.2 yrs

Relativity

Total Rounds1
Avg. Round Size$50M

Funding History

Ironclad has completed 5 funding rounds, while Relativity has gone through 1. Ironclad's most recent round was a Series E of $118M, compared to Relativity's Series A ($50M). Ironclad is at Series E while Relativity is at Private — different points in their growth trajectory.

Team & Scale

Relativity has the bigger team at roughly 1750 people — 4x the size of Ironclad's 400. Relativity has a 13-year head start, founded in 2001 vs Ironclad's 2014. Both are based in United States.

Metrics Comparison

MetricIroncladRelativity
💰Valuation
$3.2B
$3.6BWINS
📈Total Funding
$333M
N/A
📅Founded
2014WINS
2001
🚀Stage
Series E
Private
👥Employees
400
1750
🌍Country
United States
United States
🏷️Category
AI Legal
AI Legal
Awaira Score
80WINS
75

Key Differences

💰

Valuation gap: Relativity is valued 1.1x higher ($3.6B vs $3.2B)

📅

Market experience: Relativity has 13 years more (founded 2001 vs 2014)

🚀

Growth stage: Ironclad is at Series E vs Relativity at Private

👥

Team size: Ironclad has 400 employees vs Relativity's 1750

⚔️

Direct competitors: Both operate in the AI Legal market segment

Awaira Score: Ironclad scores 80/100 vs Relativity's 75/100

Which Should You Choose?

Use these signals to make the right call

Ironclad logo

Choose Ironclad if…

Top Pick
  • Higher Awaira Score — 80/100 vs 75/100
  • Stronger investor backing — raised $333M
  • Ironclad is a legal AI platform founded in 2014 that specializes in contract management and analysis
Relativity logo

Choose Relativity if…

  • More established by valuation ($3.6B)
  • More market experience — founded in 2001
  • Relativity is a cloud-based legal technology platform founded in 2001 that provides software solutions for legal discovery, case management, and document review

Funding History

Ironclad raised $333M across 5 rounds. Relativity raised N/A across 1 round.

Ironclad

Series E

Mar 2022

Lead: Accel

$118M

Series D

Apr 2021

Lead: Accel

$100M

Series C

Sep 2020

Lead: Accel

$65M

Series B

Jan 2019

Lead: Andreessen Horowitz

$30M

Series A

Jan 2018

Lead: Andreessen Horowitz

$20M

Relativity

Series A

Jan 2008

Lead: Thoma Bravo

$50M

Investor Comparison

No shared investors detected between these two companies.

Unique to Ironclad

AccelSequoia CapitalSalesforce VenturesCoatueNotion CapitalAndreessen Horowitz

Unique to Relativity

Thoma Bravo

Users Also Compare

FAQ — Ironclad vs Relativity

Is Ironclad bigger than Relativity?
By valuation, Relativity is the larger company at $3.6B versus $3.2B — a 1.1x difference. Size can also be measured by team: Ironclad employs 400 people while Relativity has 1750 employees.
Which company raised more funding — Ironclad or Relativity?
Ironclad has raised $333M in disclosed funding across 5 known rounds. Relativity's funding history is not publicly available.
Which company has a higher Awaira Score?
Ironclad leads with an Awaira Score of 80/100, while Relativity sits at 75/100. That 5-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded Ironclad vs Relativity?
Ironclad was founded by Jason Boehmig in 2014. Relativity was founded by Andrew Sieja in 2001. Visit each company's profile on Awaira for a full founder biography.
What does Ironclad do vs Relativity?
Ironclad: Ironclad is a legal AI platform founded in 2014 that specializes in contract management and analysis. The company develops software designed to automate contract review, negotiation, and lifecycle management using artificial intelligence and machine learning. Ironclad's core technology focuses on natural language processing to extract key terms, identify risks, and accelerate contract workflows across organizations. The platform serves enterprise customers across multiple industries including financial services, technology, and healthcare, helping legal teams reduce time spent on routine contract tasks. Ironclad has raised $333M in total funding and achieved a valuation of $3.2B, positioning it as a significant player in the legal tech space. The company operates at Series E stage, indicating substantial market validation and revenue generation. Ironclad competes with other contract management solutions and legal AI platforms, though it has differentiated itself through focus on enterprise-grade AI capabilities. The legal AI category has expanded significantly as organizations seek to optimize contract operations and reduce legal department bottlenecks. Ironclad's funding trajectory and valuation reflect growing market demand for AI-powered legal solutions. The company continues expanding its product capabilities and customer base as the legal tech sector matures and enterprises increasingly adopt automated contract workflows. Ironclad combines AI-powered contract analysis with enterprise workflow automation, addressing a core pain point in legal operations at scale. Relativity: Relativity is a cloud-based legal technology platform founded in 2001 that provides software solutions for legal discovery, case management, and document review. The company's core product, Relativity One, is a SaaS platform that enables law firms, corporations, and government agencies to manage large-scale document collections during litigation and investigations. The platform uses artificial intelligence and machine learning to automate document review, predict document relevance, and identify patterns across unstructured data. Relativity's RelativityAssist AI suite incorporates generative AI capabilities for legal workflows, including document summarization and contract analysis. The company serves major law firms, Fortune 500 companies, and government organizations globally. With a valuation of $3.6 billion as a private company, Relativity has established significant market presence in the legal tech sector. The platform processes billions of documents annually and handles complex eDiscovery workflows. Relativity competes against platforms like Everlaw, LexisNexis, and Thomson Reuters' legal solutions. The company has expanded beyond traditional eDiscovery into contract lifecycle management and legal operations. Growth has been driven by increasing demand for AI-assisted legal work and digital transformation in law departments. Relativity's ecosystem includes integrations with third-party applications and a developer community supporting customization and extension of platform capabilities. Relativity dominates the legal tech AI space by processing billions of documents annually through its cloud-native platform, making it essential infrastructure for large-scale legal operations.
Which company was founded first?
Relativity got there first, launching in 2001 — that's 13 years of extra runway. Ironclad didn't arrive until 2014. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.
Which company has more employees?
Ironclad has about 400 employees; Relativity has about 1750. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are Ironclad and Relativity competitors?
Yes — they're direct rivals. Both Ironclad and Relativity compete in AI Legal, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

It's close. Both Ironclad and Relativity are strong players, and picking a winner depends on what you're looking for. Check each profile for the full picture.

Who Should You Watch?

This one's genuinely too close to call. Both companies are competitive, and the winner will likely come down to execution over the next 12-18 months. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive