Overview

Evisort provides AI-driven solutions for contract analytics and lifecycle management, helping businesses manage their contracts more effectively. 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 clients to search and review contracts significantly faster, improving efficiency by over 93%. Evisort serves a variety of clients, including sales operations directors, CFOs, and legal operations directors from different industries, allowing them to focus on closing deals instead of handling paperwork. Unlike traditional contract management services, Evisort's AI technology also helps clients identify security risks in contracts and streamline vendor audits. The goal of Evisort is to protect and accelerate business operations by providing valuable insights and reducing risks associated with contract management.

Simplify's Take

What believers are saying

• Integration with Workday enhances Evisort's reach in finance and HR sectors.
• Partnership with Icertis opens avenues for collaboration in contract lifecycle management.
• Recognition in Deloitte Technology Fast 500™ boosts Evisort's reputation and client attraction.

What critics are saying

• Workday acquisition may disrupt Evisort's existing operations and client relationships.
• Partnership with rival Icertis could lead to strategic misalignments in the CLM space.
• Rapid growth may strain Evisort's resources, affecting service quality.

What makes Evisort unique

• Evisort uses AI to analyze over one billion contract data points accurately.
• The platform connects contract data across critical business systems, enhancing efficiency.
• Evisort's Document X-Ray(TM) offers customizable AI solutions for tailored contract management.

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Funding

Total Funding

$155.6M

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