Contract Automation and Drafting (Through Signature)

Spellbook, a company formerly known as Rally Legal, and whose product uses GPT-4 and other generative AI models to speed contract drafting and review directly within Microsoft Word, has raised $10.9 million to drive hiring, development and expansion.
The funding was led by Moxxie Ventures, with participation from Thomson Reuters VenturesInovia CapitalThe LegalTech
Continue Reading Spellbook, An ‘AI Copilot’ for Contract Drafting in Word, Raises $10.9M from Moxxie, Thomson Reuters, Others

The CLOC Global Institute, the conference of legal operations professionals now underway now in Las Vegas, has become a leading venue for legal technology companies to announce product news — particularly when that news relates to products that serve corporate legal departments and legal ops. This year has brought a slew of announcements of new products, enhanced products, and
Continue Reading Roundup Of Legal Tech News from CLOC Institute: with News From Agiloft, Casepoint, ContractPodAI, Evisort, LinkSquares, LiquidText, Ontra, PERSUIT

Two months after raising $26 million in Series A funding, SpotDraft, a cloud-based contract lifecycle management platform for in-house legal teams, is today launching a deep integration with Microsoft Word that it says will simplify the contract drafting and review process for businesses of all sizes.
Developed in partnership with Microsoft, the integration makes Microsoft Word the primary editor
Continue Reading Aiming to Simplify Contract Drafting, SpotDraft Partners with Microsoft to Integrate Word within its CLM Platform

Bloomberg Law has announced the launch of Bloomberg Law Contract Solutions,  a new AI enabled contract workflow for In-House Counsel. The product is designed to help lawyers streamline drafting and negotiation with tools for profiling, searching and extracting clauses.  The product was designed in consultation with corporate legal teams.

 Live Virtual Event Bloomberg Law Contract Solutions will be introduced at
Continue Reading Bloomberg Law Contract Solutions Offers AI Enabled Drafting for In House Counsel -Launch Even May 11th

Last December, LegalOn, one of Japan’s largest providers of AI contract review technology to corporations and law firms, announced its expansion into the U.S. market, offering limited early access to its product to select users and organizations. 
Today, LegalOn is making its platform commercially available to all customers in the U.S., and as it does, it is releasing
Continue Reading As It Opens Commercial Availability in the U.S., LegalOn Releases GPT-Powered Contract-Editing Tool ‘AI Revise’

Seattle-headquartered contract management vendor Lexion has raised a $20m Series B funding round led by Point72 Ventures, with participation from Citi Ventures, and existing investors Khosla Ventures, Madrona Venture Group, …
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The post Contract management: Lexion raises $20m Series B appeared first on Legal IT Insider.
Continue Reading Contract management: Lexion raises $20m Series B

Lexion, an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, said today that it has raised $20 million in Series B funding, bringing its total amount raised to more than $35 million.
This latest funding round was led by Point72
Continue Reading AI Contract Management Platform Lexion Raises $20M Series B to Further Develop Its Technology

As the contract lifecycle management company Ironclad is today releasing its AI redlining tool AI Assist out of beta, is has revealed that the tool is powered by OpenAI’s GPT-4, making it what Ironclad says is the first contract redlining application powered by the latest version of Open AI’s generative AI. 
“The results with AI Assist have been beyond what
Continue Reading Ironclad’s AI Contract Redlining Tool ‘AI Assist’ Comes Out Of Beta, New Using GPT-4