Contract Intelligence Powered by AI
Evisort, a leading no-code contract intelligence platform, has recently made headlines with its successful funding round. The company announced that it has raised $100 million in capital, including equity and venture debt financing[1]. This significant investment was led by TCV (Technology Crossover Ventures), a prominent venture capital firm known for backing successful technology companies[3]. Evisort’s platform is powered by artificial intelligence (AI) and is designed to revolutionize contract management and analysis[2]. In this article, we will delve into the details of Evisort’s AI-powered 100M series and explore how it is transforming the way organizations handle contracts.
Contract Intelligence Powered by AI
Evisort’s AI-powered 100M series is built on cutting-edge technology that enables organizations to streamline their contract management processes. The platform leverages AI algorithms that have been trained on over 10 million documents, allowing it to deliver accurate and efficient contract analysis[3]. By automating the extraction and interpretation of key contract data, Evisort eliminates the need for manual review, saving valuable time and resources for legal, procurement, and sales operations teams[1].
One of the key advantages of Evisort’s AI-powered platform is its ability to provide actionable insights from contracts. By analyzing contract terms, obligations, and risks, the platform enables organizations to make informed decisions and mitigate potential legal issues[2]. This not only enhances compliance but also improves overall contract management efficiency.
Scalability and Customer Experience
TCV’s investment in Evisort highlights the scalability and potential of the company’s AI-powered platform. Evisort’s technology is purpose-built for contracts, ensuring a differentiated customer experience and rapid return on investment (ROI)[3]. The platform’s ability to handle large volumes of contracts and deliver accurate results at scale sets it apart from traditional contract management systems.
Evisort’s AI-powered platform also offers a user-friendly interface, making it accessible to users with varying levels of technical expertise. The no-code approach allows users to easily configure the platform to meet their specific contract management needs, without requiring extensive coding knowledge[1]. This flexibility ensures that organizations can quickly adopt and integrate Evisort into their existing workflows, minimizing disruption and maximizing efficiency.
Data Security and Compliance
In an era where data security and compliance are paramount, Evisort prioritizes the protection of sensitive information. The company is the first in its industry to achieve certifications such as ISO 27001, SOC 2 Type 2, and 27701[5]. These certifications demonstrate Evisort’s commitment to maintaining the highest standards of data security and privacy.
By implementing robust security measures, Evisort ensures that customer data is safeguarded throughout the contract management process. This includes secure storage, encryption, and access controls to prevent unauthorized access or data breaches[4]. Organizations can trust Evisort to handle their contracts and sensitive information with the utmost care and compliance.
Conclusion
Evisort’s AI-powered 100M series is revolutionizing contract management by leveraging the capabilities of artificial intelligence. With its scalable platform, actionable insights, user-friendly interface, and commitment to data security, Evisort is empowering organizations to streamline their contract lifecycles and make informed decisions. The recent funding round led by TCV further validates the potential of Evisort’s technology and its ability to transform the way contracts are managed. As more organizations recognize the benefits of AI-powered contract intelligence, Evisort is poised to become a key player in the contract management industry.
