Evisort is a prominent player in the AI-powered contract lifecycle management (CLM) sector, offering an innovative, end-to-end platform that tackles contract management's complexities. Established in 2016, this company harnesses AI to automate the processes involved in managing contracts, focusing on surfacing risks, tracking obligations, and pinpointing business opportunities.
The incorporation of the first large language model specifically for contracts sets Evisort apart from competitors, making it a trusted solution among contracting professionals at global brands. The company operates at the intersection of multiple industries including AI, Analytics, Legal Tech, and CRM and Sales.
Evisort secured a substantial $100.00M in Series C funding on May 11, 2022, backed by notable investors such as Vertex Ventures, Amity Ventures, General Atlantic, Breyer Capital, TCV, and M12 - Microsoft's Venture Fund. Such robust financial backing underscores the company's compelling value proposition and growth potential.