Y Combinator is a startup accelerator that invests in a large number of startups twice a year. It created a new model for funding startups. Twice a year, the company invests a small amount of money ($150k) in a large number of startups. The startup accelerator works intensively with the companies for three months, to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day when the startups present their companies to a carefully selected, invite-only audience.

Y Combinator

Esas Ventures is the venture capital arm of Esas Holding, one of the largest family-owned investment firms in Turkey and is backed by the first and second generation family members of Şevket Sabancı, one of the founding members of Sabancı Holding, a leading Turkish conglomerate. With offices in Istanbul and London, Esas Ventures invests in early stage companies globally.

Esas Ventures

Polymath Capital is a venture capital firm that invests in pre-seed and seed stage companies with an emphasis on community, longevity, and financial democratization. As an operator-led firm, we partner with ambitious founders to build the next generation of market-changing companies.

Polymath Capital

Seed Investment Fund Looking to Back Scrappy Entrepreneurs

JAD Capital

Bek Ventures (f.k.a. Earlybird Digital East Fund) is one of the world’s leading early-stage venture capital investors, investing in tech startups with global ambitions and roots in Emerging Europe. Currently in its second decade, the firm has over $600m committed capital across its active funds and the team’s investment track record includes some of the multi-billion dollar successes emerging from the region, including UiPath, Payhawk, and Peak. The firm was recently named the top-performing VC  globally since 2010 by HEC-Dow Jones.

Bek Ventures

Orrick's global Emerging Companies Group provides advice on tactical approaches to companies from incubation to their strategic exit and future growth opportunities. Their  lawyers, who work intimately with founders in technology, are experts in the emerging space.  Orrick’s TOTAL ACCESS Event Series provides entrepreneurs business, tactical and legal education through complimentary breakfast panels and lunch seminars.

Orrick, Herrington & Sutcliffe

As an early stage VC firm, we invest in the people behind market-transforming ideas, and help them become enduring businesses. We partner up with high-growth technology and software companies. We value ambition and integrity.

Formus Capital

Index Ventures is a venture capital firm based in London, San Francisco, and Geneva, helping entrepreneurs turn bold ideas into global businesses.  Since 1996, Index has partnered with exceptional entrepreneurs who are using technology to reshape the world. The companies they’ve started include Adyen, Deliveroo, Dropbox, Farfetch, King, Slack, and Supercell.

Index Ventures

Draftwise

DraftWise provides an AI-powered contract and negotiation platform that assists law firms in procuring quality contracts. The company's platform provides lawyers with data-driven intelligence that improves the contract workflow, from first draft to client win.

DraftWise is an AI-powered contract and negotiation platform for lawyers. It employs GenAI to help law firms create higher-quality contracts more efficiently by providing instant access to the firm's collective institutional knowledge and data. The platform enables lawyers to leverage their firm's cumulative experience, such as decades of deal history, market trends, and client-favored terms, to make informed decisions during contract drafting and negotiation processes. This leads to better outcomes for clients.

Legal Tech Startup DraftWise Brings Secure Generative AI to Law Firm Intelligence

How AI is transforming legal tech — and DraftWise leads the way

Company Information, Competitors, News & FAQs

Legal Tech DraftWise Raises $20 Million in New Funding Round

DraftWise Raises $20M in Series A Funding

Bonterms – The New Player In Open-Source Contract Standardisation

Tech startup DraftWise secures funding to advance AI in legal drafting and negotiation

DraftWise Announces $20 Million Series A Round to Transform the Legal Industry with AI

DraftWise: AI-Based Contract And Negotiation Platform For Lawyers Raises $20 Million

DraftWise Announces $20 Million Series A Round to Transform the Legal Industry with AI-Powered Drafting and Negotiation Software

Promises increased productivity, cost-efficiency, and competitiveness in the legal industry

LegalTech

Draftwise Launches 'Markup', Gen AI-Powered Contract Drafting, Review and Redlining Tool

Cohere

To enhance DraftWise's retrieval accuracy and provide lawyers with more relevant deal history and contract information by integrating Cohere's enterprise AI suite, particularly its retrieval-augmented generation (RAG) capabilities.

Foundation Models

Foundation models that can handle a range of natural language processing (NLP) use cases. Typical tasks include generating summaries, translating, answering questions, and classifying text. These models typically use text inputs and generate text outputs.

DraftWise is an AI-powered contract and negotiation platform for lawyers. It employs generative AI technology to help law firms create higher-quality contracts more efficiently by providing instant access to the firm's collective institutional knowledge and data. The platform enables lawyers to leverage their firm's cumulative experience, such as decades of deal history, market trends, and client-favored terms, to make informed decisions during contract drafting and negotiation processes. This leads to better outcomes for clients.
DraftWise's AI allows associates to securely access and utilize their firm's data directly within the documents they are working on. This streamlines the contract workflow, reduces the risk of errors, and frees up partners from spending time correcting associate work. The platform is recognized as an essential tool by leading law firms across North America, Europe, and Australia, including Orrick, Gunderson Dettmer LLP, Herrington & Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, and Mishcon de Reya LLP, among other Vault 10, AM Law 100, Magic Circle, and Seven Sisters ranked firms.
Founded in 2020 by former Palantir engineering leaders James Ding and Emre Ozen, and Stanford Law graduate Ozan Yalti, DraftWise harnesses the power of law firms' data to enable more efficient and effective legal work.
Key customers and partnerships
DraftWise serves thousands of lawyers at prestigious law firms, including Vault 10, AM Law 100, Magic Circle, and Seven Sisters firms across North America, Europe, and Australia. Notable clients highlighted in the sources include Orrick, Gunderson Dettmer LLP, Herrington & Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, and Mishcon de Reya LLP.
"We've piloted several generative AI solutions and Draftwise really stands out. The tools saves our deal teams hundreds of hours by enabling them to tap data and spot trends with incredible speed and accuracy. Our lawyers give it high marks for value and ease of use, and it's quickly become a great use case for genAI technology in our practice," said Wendy Curtis, Chief Innovation Officer at Orrick.

DraftWise is an AI-powered contract and negotiation platform for lawyers. It employs GenAI to help law firms create higher-quality contracts more efficiently by providing instant access to the firm's collective institutional knowledge and data. The platform enables lawyers to leverage their firm's cumulative experience, such as decades of deal history, market trends, and client-favored terms, to make informed decisions during contract drafting and negotiation processes. This leads to better outcomes for clients.DraftWise's AI allows associates to securely access and utilize their firm's data directly within the documents they are working on. This streamlines the contract workflow, reduces the risk of errors, and frees up partners from spending time correcting associate work. The platform is recognized as an essential tool by leading law firms across North America, Europe, and Australia, including Orrick, Gunderson Dettmer LLP, Herrington &amp; Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, and Mishcon de Reya LLP, among other Vault 10, AM Law 100, Magic Circle, and Seven Sisters ranked firms.Key customers and partnershipsDraftWise serves thousands of lawyers at prestigious law firms, including Vault 10, AM Law 100, Magic Circle, and Seven Sisters firms across North America, Europe, and Australia. Notable clients highlighted in the sources include Orrick, Gunderson Dettmer LLP, Herrington &amp; Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, and Mishcon de Reya LLP.&nbsp;

Anecdotes is a compliance technology company that offers Compliance OS, the first operating system designed to meet the needs of modern compliance and governance. Compliance OS serves as a central workspace where teams can collaborate seamlessly on compliance activities. It employs a multi-layered architecture that collects data from various sources, processes it, and integrates it into different applications within the platform.
Compliance OS automates manual compliance tasks, enabling continuous compliance monitoring. It provides a unified view of an organization's compliance posture, allowing teams to manage all aspects of their program from a single platform. The platform offers customizable frameworks, requirements, and controls, ensuring precise alignment with an organization's specific needs. As of January 2024, Anecdotes claimed to have over 120 integrations with identity providers, security tools, collaboration software, ticketing systems, and cloud infrastructure platforms.
Compliance OS transforms compliance from a burden into a driver for growth by providing business-impacting insights to leadership. It caters to the needs of fast-growing companies, publicly traded organizations, and enterprises of all sizes. As of January 2024, Anecdotes' customer base included notable names like Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, and Payscale.
In June 2023, Anecdotes released the industry's first toolkit for secure implementation and consumption of generative AI, comprising risk registers, policy templates, and a dedicated AI framework. The toolkit aimed to assist organizations in integrating generative AI while maintaining compliance and mitigating associated risks.

Anecdotes

Exterro is a legal governance, risk, and compliance (Legal GRC) software company that provides an integrated platform to automate the interconnected processes of privacy, legal operations, digital investigations, cybersecurity response, compliance, and information governance. The company's flagship product is a comprehensive Legal GRC platform that empowers legal teams to proactively and defensibly manage their Legal GRC requirements.
Exterro's software leverages artificial intelligence (AI) to generate summaries, translations, and labels, guiding reviewers to insights faster. It offers industry-leading e-discovery, privacy, and data governance solutions with unmatched ingestion and processing speeds. The company's forensic toolkit, FTK, pioneered the field of digital forensics software and is widely trusted for its ability to acquire and analyze data admissible in court proceedings.
Exterro's solutions are designed to be easy to use, requiring no expensive certifications or training courses. The company's customizable workflows ensure that each project matches clients' unique needs and preferences. Exterro's project management software provides real-time dashboards, improving collaboration and eliminating fire drills with external partners by coordinating activities and connecting stakeholders through auditable workflows.

Exterro

Transcend is a data privacy and governance platform that helps companies manage personal data, automate privacy tasks, and oversee AI systems across their tech stacks. The company offers a suite of products designed to streamline privacy operations by encoding controls directly into business systems.
Transcend's platform covers the full privacy lifecycle, including continuous data discovery, mapping, classification, consent management, and automated workflows for privacy requests. It enables companies to understand where personal data resides, implement privacy controls, respond to data subject access requests (DSARs), and ensure compliance with regulations like GDPR and CCPA.
A key differentiator of Transcend's approach is encoding privacy directly into data systems rather than relying on manual processes. This allows for end-to-end automation, reducing the need for repetitive tasks and minimizing compliance gaps.
Transcend's technology comprises over a dozen integrated products, including Data Inventory, Data Lineage, Silo Discovery, Structured and Unstructured Data Discovery, DSR Automation, Consent Management, Preference Store, Privacy Center, Contract Scanning, Assessments, Pathfinder for AI governance, and Prompt Manager.
As of May 2024, Transcend has raised USD 90 million in funding from investors like Accel, Index Ventures, StepStone Group, and others. The company partners with Fortune 500 companies, Global 2000 firms, and fast-growing startups, delivering actionable data rights to over 1.2 billion people globally. Some of its customers include LG Electronics, Plaid, Brex, Hims & Hers, and Rippling.

Transcend

Evisort is an artificial intelligence (AI) powered contract lifecycle management (CLM) platform that enables organizations to streamline and automate various stages of the contract management process. At its core, Evisort leverages proprietary AI trained on millions of contracts to extract and analyze critical data points and clauses from agreements. This provides users with valuable insights, identifies risks and opportunities, and facilitates data-driven decision-making.
Evisort's flagship offering, Document X-Ray, is a generative AI solution that allows organizations to customize their AI models based on natural language queries. By simply posing questions like "Are any rebates or discounts available?", users can train the AI to automatically populate relevant data fields across their contract portfolio. Document X-Ray goes beyond traditional clause extraction by generating summaries, calculating dates and amounts, assigning risk scores, and more.
Complementing its AI capabilities, Evisort provides a comprehensive suite of features spanning the entire contract lifecycle. This includes intelligent contract drafting with clause libraries and in-app editing, automated workflows for approvals and negotiations, e-signature integration, and robust reporting dashboards. Evisort seamlessly connects with enterprise systems like Salesforce, ServiceNow, and SAP Ariba, enabling organizations to share contract data across departments and drive strategic business decisions.
In December 2023, Evisort achieved a significant milestone by creating the first large language model (LLM) specifically designed for legal agreements, further elevating its AI prowess in the contract intelligence space. The company has garnered recognition from industry leaders, with Microsoft lauding its ability to train custom algorithms, and Workday highlighting its effectiveness in rapidly extracting and sharing contract data.
Key customers and partnerships
Evisort boasts an impressive client roster that includes prominent global corporations such as Microsoft, BNY Mellon, NetApp, Western Union, and Workday. These industry leaders have leveraged Evisort's AI-powered platform to streamline their contract management processes, gain visibility into contractual obligations, and drive strategic business decisions.
In May 2023, Evisort announced a strategic integration with ServiceNow's Legal Service Delivery application. This collaboration combines Evisort's innovative contract data extraction capabilities with ServiceNow's advanced workflow capabilities, enabling enterprises to automate manual processes, deliver valuable contract data across departments, and drive enterprise-wide business workflows powered by AI-driven connected contract data.

Evisort

Icertis is a leading provider of AI-powered contract intelligence solutions. The company's flagship offering, Icertis Contract Intelligence (ICI) platform, turns contracts from static documents into strategic assets by structuring and connecting critical contract data. This enables organizations to automate processes, maximize contract value, ensure compliance, and manage risk through insights derived from their commercial agreements.
Icertis serves a diverse range of industries, and its solutions are used by major enterprises such as Google, Johnson & Johnson, Microsoft, Mercedes-Benz, and 30% of the Fortune 100 companies. The ICI platform processes over 10 million contracts worth more than USD 1 trillion across 90+ countries and 40+ languages.
Key product capabilities of the ICI platform include advanced AI for contract data analysis, industry-specific vertical solutions, integrations with enterprise systems like SAP and Microsoft, and robust enterprise-grade features for handling complex contracting needs at scale. In March 2023, Icertis earned top ratings from analyst firms like MGI Research and IDC MarketScape for its innovative product strengths and industry leadership.
In October 2022, Icertis launched a Contract Intelligence solution tailored for the Banking and Financial Services industry to address challenges like regulatory compliance, risk management, and contract authoring complexities. The company has also expanded its vertical solutions to sectors such as healthcare, Medical Technology, Consulting & IT Services, Technology, and Wholesale & Distribution.

Icertis

Platforms that connect lawyers to clients (includes online listing, reputation, comparison, and booking systems) and those that support networking among lawyers.

Includes tools for intelligently extracting information from documents and flagging anomalies, the automated creation and simplification of legal documents, filing and serving documents online, and exchanging documents for discovery. Also includes providers of white-labeled digital legal documents and notarization tools that allow the notarization of documents online, assuring their security, authenticity, and integrity.

Tools to manage and digitize the legal practice of individual lawyers and law firms. Features include intake management, legal case/project management, team and client management, team collaboration, client communication and engagement, document storage systems, time and expense tracking, and billing and invoicing.

Includes platforms that provide legal content from various publishers; tools that support legal teams with conventional and contextual search of relevant case law and authoritative sources; and tools that search, analyze, and organize copious numbers of documents and large datasets. AI-based legal research systems replicate the work of a human legal research assistant and are referred to as AI lawyers/attorneys, digital lawyers/attorneys, or virtual lawyers/attorneys. Analytics tools include those that support lawyers with tracking trial cases, receiving email alerts for cases, and predicting trial timelines, along with those that mine big data to determine lawyers' success rates, when to settle, and when to press the advantage. It also includes tools for corporations that predict the outcomes of litigation.

Includes tools to manage large volumes of data; identify key issues for litigation, internal investigations, and compliance projects; and select relevant web content for use as evidence.

Software solutions that support regulatory compliance. Includes platforms that promote compliance among employees by providing simplified summaries of applicable legislation on-demand, and those that support compliance teams with tracking changes in legislation, sharing and tracking documents within the organization, and collecting evidence. IP/trademark management platforms include those that protect brands from online counterfeiting, digital piracy, and distribution fraud by scouring online marketplaces and social networks, along with those that offer simplified licensing solutions using digital rights technology.

Includes platforms that offer contract lifecycle management from their creation, negotiation, compliance, review, and approval, to execution, tracking, and monitoring. They can automate the processing of routine contracts with a high degree of accuracy and may include technology to organize, understand, and extract data from contracts. Also comprises tools for identity verification, electronic signatures, electronic registered delivery, and electronic time stamp.

Includes commoditized law solutions and do-it-yourself legal services for consumers (individuals, families, and business owners), as alternatives to engaging a lawyer or law firm. Examples include platforms that aid with immigration and asylum applications, consumer claims, class actions, closing funding rounds, and drafting simple contracts, wills, and divorce documents. Litigation finance platforms facilitate third-party funding for litigation. Such pre-settlement funding allows victims to pay their legal fees while awaiting a resolution.

Companies that use GenAI as a core part of their product offering for legal tech

AI reviews documents and contracts and derives insights from multimedia data sources

LegalTech companies use GenAI to enhance efficiency in areas such as document review, document generation, legal research, litigation strategy, and client communication

PROMINENT_CATEGORY

<div>
 
 DraftWise and Cohere have entered into a partnership with the intent to enhance DrafitWise's GenAI search capabilities. The purpose of their collaboration is to improve the accuracy of DraftWise's retrieval, hence enabling lawyers to gain better access to deal history and contract information that are more pertinent. Cohere's enterprise AI suite, especially its retrieval-augmented generation (RAG) capabilities, will be synchronized with the proprietary models of DraftWise to provide results of higher quality to the clients of law firm.
 
</div>

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