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Evisort

AI-powered contract analytics and lifecycle management

Overview

Evisort provides AI-powered contract analytics and contract lifecycle management to enterprises and growing companies, helping teams organize, search, review, and manage contracts efficiently. Its AI, trained on millions of contracts, analyzes billions of data points to extract key clauses and obligations, enabling faster search, automated data extraction, and lifecycle tasks while surfacing security risks and supporting vendor audits. The platform combines analytics with end-to-end CLM, using a large, proven model to deliver accurate data insights and acting as a strategic partner rather than just software. Its goal is to protect and accelerate growth by turning contract data into actionable insights, speeding up processes, reducing risk, and supporting better decision making across sales, legal, finance, and operations.

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About Evisort

Simplify's Rating
Why Evisort is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine Learning

Company Size

51-200

Company Stage

Acquired

Total Funding

$155.6M

Headquarters

San Mateo, CA

Founded

2016

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Simplify's take

What believers are saying

  • Workday introduced Contract Workflow Agent in September 2026, pushing Evisort toward agentic CLM.
  • Workday's July 2026 release added bundled e-signatures and Word connector AI tools.
  • Workday cited $21 million cost avoidance in May 2026 from Evisort-powered procurement workflows.

What critics are saying

  • Evisort lost standalone distribution after Workday's October 2024 close, shrinking brand pull.
  • Icertis partnership pressure persists, while Ironclad and specialized rivals sell independent CLM.
  • If Workday deprioritizes CLM, Evisort becomes a feature, not a company.

What makes Evisort unique

  • Workday closed Evisort on October 8, 2024, embedding contract AI into finance and HR.
  • Evisort's native integrations now span Workday, Salesforce, SAP Ariba, Microsoft 365, and DocuSign.
  • Its AI engine powers Workday Contract Intelligence and Workday CLM across one data model.

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Funding

Total Funding

$155.6M

Above

Industry Average

Funded Over

6 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

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%
Investing.com
Sep 17th, 2024
Workday to acquire AI document intelligence firm Evisort

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.

HotNewHipHop
Sep 17th, 2024
Workday acquires AI-powered document platform Evisort

"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."

Artificial Lawyer
Sep 17th, 2024
HR Company Workday Buys CLM Evisort

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…

PR Newswire
Aug 27th, 2024
Evisort Extends Its AI Leadership with Advanced AI Orchestration for Contract Intelligence

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.

Artificial Lawyer
May 8th, 2024
Wow, What A CLM Story...Icertis + Evisort Start 'Partnership'

CLM Icertis has announced a 'partnership' with rival CLM Evisort, in what is a very unusual type of deal.

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