Investing $115 million in a Series C round, contractPODAI, a legal software company, is expanding its capabilities to handle the entire, end-to-end legal lifecycle. The company has acquired customers from Lexion, LinkSquare, Malbek, Evisort, and DocuSign, and its valuation has risen fivefold from its previous Series B round jobexpressnews.
Raising $115 million in Series C investment
Taking the best of both worlds, ContractPodAI is a contract lifecycle management provider that combines the power of artificial intelligence with the ubiquity of public cloud services. The company offers AI-powered, no-code contract management, analytics, and guided forms. Its users include Bosch Siemens, IBM, LexisNexis, and Bloomberg Law makeidealcareer.
ContractPodAI was founded in 2012 by Sarvarth Misra, an attorney-turned-entrepreneur. The company has a small but impressive team of 200. The company has outposts in Mumbai, New York, Glasgow, and Toronto. ContractPodAI is a leader in naasongs.net the end-to-end contract lifecycle management space, and has a platform that offers a variety of pre-built applications, as well as configurable solutions to help clients tackle the most common contract lifecycle tasks.
As a legal technology startup, ContractPodAI is well positioned to capitalize on a growing market. The company aims to digitize legal resources and help in-house counsel automate contract and document management tasks. The company is one of many legal technology startups to raise fresh capital this year. mediaposts.net
Acquiring customers from Lexion, LinkSquare, Malbek, Evisort, and DocuSign
Using the AI power of IBM Watson, ContractPodAI offers an end-to-end contract lifecycle management solution. The platform includes an intuitive interface, configurable applications and document automation. These features are meant to save time and reduce risk in corporate legal departments.
One of the biggest time wasters in the legal department is contract management. The time it takes to review, draft, negotiate and sign a contract can be as long as eighteen hours, and the process has been historically cumbersome. ContractPodAI helps legal departments get a better handle on their net sales cycle by creating a full audit trail. It also offers a robust reporting function, which lets users stay on top of key legal obligations.
ContractPodAI offers an end-to-end solution to streamline the legal process, which includes document automation, an audit trail and a robust reporting function. The company is also known for its no-risk digital transformation delivery model, which is a win for in-house counsel.
Expanding its capabilities to handle the entire, end-to-end legal lifecycle
Founded by lawyer-turned-entrepreneur Sarvarth Misra, ContractPodAI is a technology company that aims to digitize legal tools, resources, and processes. The company’s software is designed to help legal teams author, manage, and review contracts and other legal documents. ContractPodAI offers guided forms, templates, and analytics. It integrates with IBM and DocuSign. It has been recognized by several awards, including the Edison Award and AI Breakthrough Award.
The company is headquartered in London, Glasgow, and New York. It has offices in Mumbai, Sydney, and Toronto. ContractPodAI’s technology could be applied to any company’s workflows, including data protection compliance and litigation management. It has been named a Visionary in Gartner’s Magic Quadrant report for 2021. ContractPodAI was also named Legal Company of the Year by the 2021 International Business Awards.
Conclusion
ContractPodAI’s technology offers a no-code interface that enables legal teams to author, manage, and review contracts. Its pre-configured AI training automates getcareergoal contract review and extraction. The company also has an automated Contract Risk & Compliance solution. This offers an easy way for legal teams to identify risk and quickly take corrective action. It also has a library of playbooks that guide users to key legal obligations.
