Overview

Evisort provides AI-powered contract analytics and lifecycle management services to help businesses manage their contracts more efficiently. The company's technology has been trained on over 11 million contracts, allowing it to analyze a vast amount of contract data with high accuracy. This capability enables faster contract search and review times, reportedly improving efficiency by over 93%. Evisort serves a diverse range of clients, including sales operations directors, chief financial officers, and legal operations directors from various industries, such as global streaming and production companies. Unlike traditional contract management solutions, Evisort's services not only streamline contract processes but also help clients identify security risks and simplify vendor audits. The goal of Evisort is to act as a strategic partner for businesses, allowing them to focus on closing deals rather than getting bogged down by paperwork.

Simplify's Take

What believers are saying

• Evisort's acquisition by Workday enhances platform capabilities and customer base.
• Partnership with Icertis could lead to innovative solutions and market expansion.
• Recognition as a 'Top Performer' highlights strong market position and customer satisfaction.

What critics are saying

• Workday acquisition may disrupt existing client relationships and service delivery.
• Partnership with Icertis may create conflicts of interest affecting market positioning.
• Document X-Ray(TM) may face adoption resistance or technical issues impacting satisfaction.

What makes Evisort unique

• Evisort uses AI to analyze over one billion contract data points accurately.
• Evisort's Document X-Ray(TM) offers unprecedented visibility into contract agreements.
• Evisort's AI technology transforms legal challenges into strategic opportunities for businesses.

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Funding

Total Funding

$151.4M

Above

Industry Average

Funded Over

4 Rounds

$100,000,000

Series C

May 2022

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$100M

View all funding stages