Evisort sits at the intersection of the enterprise contract management and contract lifecycle management markets, using deep NLP to relieve legal and procurement organizations from tedious, risk-prone, manual processes. For example, a user can upload various types of contracts to the platform, and the system will automatically pull out contract parties, amounts, expiration dates, and 50+ key legal clauses. The product removes the need to manually enter data into document management systems and easily integrates with existing file repositories to deliver detailed reporting that empowers better-informed decisions. The technology has already proven to be extremely powerful for advanced analysis and post-signature process optimization with early customers.
We are excited to co-lead this round alongside In Sik at Vertex Ventures, and join existing investors Amity Ventures and Serra Ventures and accelerate Evisort’s growth leveraging the resources of the broader Microsoft team.
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