Evisort, a San Mateo, CA-based artificial intelligence-powered contract intelligence system, closed a $15m Series A funding
The round was led by Vertex Ventures and M12, Microsoft’s venture fund, with participation from Amity Ventures and Serra Ventures
The company intends to use the new funds to grow its team, expand product offerings, enhance the customer experience, and launch a new research and development office in Montreal, Quebec. Evisort anticipates hiring 10 technical team members for the Montreal office
Founded in 2016 by Harvard Law and MIT researchers and led by Jerry Ting, CEO and co-founder, Evisort provides a proprietary AI solution that can read and understand the meaning in legal documents like sales contracts and vendor paperwork. The solution allows businesses to automate the work of reviewing, assessing, approving, and tracking any legal documents that define a business action or relationships, such as contracts, statements of work, invoices, purchase orders, and SLA or rebate tables. It reads and visualizes 50 plus key data points, such as payment tables and contract expiration dates, and key legal clauses, allowing teams to focus on strategic decision making versus document processing. The system can also learn to read all types of unstructured documents.
Evisort has secured more than 100 enterprise customers this year, from high-growth startups to some of the largest Fortune 500 companies, including Brooks Brothers, Cox Automotive, Fujitsu, TravelZoo, and Sweetgreen.
Source. FinSMEs, December 19, 2019
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Are you a Canadian GP/LP/CI or a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.
The round was led by Vertex Ventures and M12, Microsoft’s venture fund, with participation from Amity Ventures and Serra Ventures
The company intends to use the new funds to grow its team, expand product offerings, enhance the customer experience, and launch a new research and development office in Montreal, Quebec. Evisort anticipates hiring 10 technical team members for the Montreal office
Founded in 2016 by Harvard Law and MIT researchers and led by Jerry Ting, CEO and co-founder, Evisort provides a proprietary AI solution that can read and understand the meaning in legal documents like sales contracts and vendor paperwork. The solution allows businesses to automate the work of reviewing, assessing, approving, and tracking any legal documents that define a business action or relationships, such as contracts, statements of work, invoices, purchase orders, and SLA or rebate tables. It reads and visualizes 50 plus key data points, such as payment tables and contract expiration dates, and key legal clauses, allowing teams to focus on strategic decision making versus document processing. The system can also learn to read all types of unstructured documents.
Evisort has secured more than 100 enterprise customers this year, from high-growth startups to some of the largest Fortune 500 companies, including Brooks Brothers, Cox Automotive, Fujitsu, TravelZoo, and Sweetgreen.
Source. FinSMEs, December 19, 2019
This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian VCs, PEs, Angels, Endowments/Trusts, Family Offices, and Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.
Are you a Canadian GP/LP/CI or a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.
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