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Overview
Evisort provides AI-powered contract analytics and contract lifecycle management (CLM) for businesses of all sizes. Its AI, trained on millions of contracts, extracts key terms and obligations to enable fast search, automated data extraction, and lifecycle tasks. It combines analytics with end-to-end CLM and emphasizes high data accuracy from a large contract dataset, helping teams close deals and manage risk. Its goal is to help businesses protect and accelerate growth by turning contract data into actionable insights and reducing risk.
About Evisort
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series C
Total Funding
$155.6M
Headquarters
San Mateo, California
Founded
2016
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Simplify's Take
What believers are saying
- Workday closed Evisort on October 8, 2024 and launched it through Workday by March 2025.
- Workday reported $28.1 billion total subscription backlog and 11,500 customers on July 19, 2026.
- Icertis’ 2026 report shows 44% AI review adoption, expanding Evisort’s enterprise budget pool.
What critics are saying
- Workday cut 2% of staff in February 2026, signaling tighter budget scrutiny around Evisort.
- DocuSign expanded AI contract management in May 2026, directly attacking Evisort’s territory.
- Evisort lost standalone independence in October 2024; Workday can relegate it behind higher-priority products.
What makes Evisort unique
- Workday Contract Intelligence embeds Evisort inside Workday HCM and Financial Management, March 27 2025.
- Evisort’s contract-trained AI powers Workday’s custom model library and clause extraction, October 22 2025.
- Workday’s 2026 case study says Evisort delivered roughly 3,500% ROI for Workday contracts.
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Funding
Total Funding
$155.6M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Benefits
Unlimited PTO
Medical, dental, & vision
Remote-first work
Holiday shutdown
Wellness resources
Team events
Growth & Insights and Company News
6 month growth
↓ -40%1 year growth
↓ -40%2 year growth
↓ -40%LAS VEGAS - Workday, Inc. (NASDAQ: NASDAQ:WDAY), a leader in enterprise management for human resources and finance, has announced its intention to acquire Evisort, an innovative artificial intelligence (AI) document intelligence platform.
"We are excited to combine Evisort's document intelligence technology with Workday's integrated finance and HR platform, which will empower customers to use business-critical data effectively, within one true system."
Breaking News – Publicly-listed Workday, the HR platform, has signed a definitive agreement to acquire Evisort. Workday will add AI-powered document intelligence solutions across its finance and HR…
SAN FRANCISCO, Aug. 27, 2024 /PRNewswire/ - Evisort, the leader in AI-native contract intelligence and contract lifecycle management (CLM), today announced enhancements to its proprietary AI engine that empowers customers to ask anything and track everything in their contracts to drive high-value business outcomes.
CLM Icertis has announced a 'partnership' with rival CLM Evisort, in what is a very unusual type of deal.
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About Evisort
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series C
Total Funding
$155.6M
Headquarters
San Mateo, California
Founded
2016
There are no jobs for Evisort right now.
Find jobs on Simplify and start your career today