Contractbook

Contractbook is a contract management software that aims to streamline the entire lifecycle of contracts for businesses. The platform utilizes artificial intelligence (AI) to automate various processes, making it more efficient and reducing manual errors. Contractbook's key offerings include:

1. Contract Import and Extraction: Users can import legacy contracts and static PDFs into a centralized library. Contractbook's AI extracts essential data from these contracts, such as legal, financial, or other relevant information, eliminating the need for manual data entry.

2. Deadline and Renewal Tracking: The software automatically tracks contract deadlines and renewal dates, sending proactive reminders to users. This feature enables businesses to start renegotiations faster, leading to better deals and cost savings.

3. AI-powered Data Extraction: Contractbook's AI technology can automatically extract specific data fields from contracts, such as names, dates, or clauses. Users can filter and analyze this data, saving time and enabling quicker decision-making.

4. Workflow Automation: The platform allows companies to automate their contract workflows across departments, fostering better collaboration and decision-making based on smart analytics derived from the contract data.

In June 2022, Contractbook secured USD 30 million in Series B funding led by Tiger Global, with participation from existing investors Bessemer Venture Partners, byFounders, and Gradient Ventures (Google's AI fund). This investment aimed to fuel the company's expansion into the US market.

Contractbook claims to have over 100,000 active users across more than 2,000 customers as of December 2020, managing their contract workflows on the platform.