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 clients to search and review contracts significantly faster, reportedly improving efficiency by over 93%. Evisort serves a diverse range of clients, including sales operations directors, CFOs, and legal operations directors from various industries, helping them focus on closing deals instead of dealing with paperwork. Unlike traditional contract management solutions, Evisort's services also provide insights into contractual security risks and streamline vendor audits. The goal of Evisort is to protect and accelerate its clients' businesses by reducing risks and saving time in contract management.

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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

$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