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About Ontra
Industries
AI & Machine Learning
Financial Services
Legal
Company Size
501-1,000
Company Stage
Series B
Total Funding
$233.5M
Headquarters
San Francisco, California
Founded
2014
Overview
Ontra.ai provides AI-powered solutions designed to automate legal processes specifically for investment firms. The company's software streamlines the intake, negotiation, and execution of routine contracts, such as Non-Disclosure Agreements (NDAs), by leveraging a global network of freelance legal professionals. This automation allows legal teams to concentrate on more strategic tasks rather than routine paperwork. Ontra also offers services to ensure compliance with contract obligations, tailoring its solutions to the unique needs of each client based on their investment strategies. Unlike many competitors, Ontra has a strong focus on the private markets and has gained the trust of over 600 investment firms, including notable clients like Blackstone, which has also invested in the company. The goal of Ontra is to transform legal workflows in the investment sector, enhancing efficiency and allowing legal teams to add more value to their organizations.
Simplify's Take
What believers are saying
- Integration of GPT-4 enhances Ontra's AI-driven legal operating system.
- Launch of Ontra Atlas positions the company as a leader in legal workflow transformation.
- Appointment of Eric Hawkins as CTO accelerates development of innovative product offerings.
What critics are saying
- AI model biases in GPT-4 could lead to legal misinterpretations.
- Rapid expansion may challenge service quality and customer satisfaction.
- Reliance on freelance legal professionals poses data security and confidentiality risks.
What makes Ontra unique
- Ontra combines AI with experienced attorneys for contract automation and intelligence.
- The company serves over 600 investment firms, including Blackstone and AllianceBernstein.
- Ontra's AI-enabled software automates routine contracts, freeing legal teams for strategic tasks.
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Funding
Total Funding
$233.5M
Above
Industry Average
Funded Over
2 Rounds
Battery VenturesIndustry standards
Benefits
Remote Work Options
Unlimited Paid Time Off
Parental Leave
401(k) Retirement Plan
Phone/Internet Stipend
Professional Development Budget
Health Insurance
Dental Insurance
Vision Insurance
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -2%SAN FRANCISCO, Jan. 8, 2025 /PRNewswire/ -- Ontra, the leading provider of AI-powered legal technology solutions for private capital investment firms, is proud to announce it has earned the 2025 Great Place To Work® Certification™. This prestigious recognition is based entirely on feedback from its employees, with an impressive 94% of respondents stating that Ontra is a great place to work – far exceeding the 57% average for typical U.S.-based companies.*[1]
SAN FRANCISCO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Ontra, the leading provider of AI-powered legal technology solutions for private capital investment firms, today announced the appointment of Eric Hawkins as its Chief Technology Officer.As Chief Technology Officer, Eric will spearhead the continued growth of Ontra’s private markets technology platform, which streamlines and optimizes critical legal and compliance workflows across the full fund lifecycle. Under Eric’s leadership as SVP of Engineering, Ontra leveraged cutting-edge technology to rapidly deliver valuable product innovations to its customers. Notable enhancements include AI Search, which provides quick and actionable answers to GPs, and Markup Builder, which accelerates contract negotiations through automated review and markup. In his new role, Eric will continue to accelerate the development of Ontra’s industry-leading private markets technology platform by introducing new products and enhancing existing products to solve more problems faced by private fund managers in critical private market workflows.“Eric has been instrumental in up-leveling Ontra over the past year. He has materially improved the productivity of our engineering organization by making meaningful improvements to our engineering culture, processes, and talent,” said Troy Pospisil, Ontra’s CEO and founder
SAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ - Ontra, the leading provider of AI-powered legal technology solutions for private capital investment firms, today announced the launch of automated Corporate Transparency Act (CTA) filing in Atlas, its AI-powered entity management solution.
Private markets AI and intelligence software Ontra has announced the addition of its AI engine Synapse to its search tools.
SAN FRANCISCO, April 2, 2024 /PRNewswire/ -- Ontra, the leading provider of AI-powered legal technology solutions for the world's most prominent private markets firms, today announced the appointment of John Lofy as Senior Vice President of Customer Success. In this role, John will lead the management and strategic direction of Ontra's customer success function, driving product adoption and ensuring the company's customers realize the full value of Ontra's solutions.Ontra counts over 700 GPs, investment banks, and advisors among its customers and partners worldwide, including Blackstone, KKR, Apollo, Carlyle, many prominent investment banks, and several private markets law firms from the AM Law 50. Ontra's customers comprise 9 of the top 10 PEI-ranked firms and nearly 50% of the PEI 300."John's deep understanding of the customer journey, leadership experience in legal technology companies, and expertise in building world-class customer success teams make him an invaluable asset to Ontra," said Troy Pospisil, Ontra's CEO and founder. "As we continue to scale operations to meet the growing demand for AI-powered legal solutions, his leadership will be instrumental in ensuring our customers maximize the value they receive from Ontra."John joins Ontra from Litera, where he served as Vice President of Customer Success. He brings over 25 years of experience in cross-functional leadership, including key roles at Thompson Reuters, HighQ, and Lexmark, where he successfully led Customer Success, Sales, Services, and Operations functions. At Ontra, John will focus on expanding the reach of Ontra's Legal Operating System and ensuring Ontra continues to deliver a world-class experience to its robust and growing customer community."Ontra is transforming how private markets firms leverage technology to manage contract data, legal workflows, and investor relationships," said John
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About Ontra
Industries
AI & Machine Learning
Financial Services
Legal
Company Size
501-1,000
Company Stage
Series B
Total Funding
$233.5M
Headquarters
San Francisco, California
Founded
2014
Ontra is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today