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 Ventures, Inovia Capital, The LegalTech
Continue Reading Spellbook, An ‘AI Copilot’ for Contract Drafting in Word, Raises $10.9M from Moxxie, Thomson Reuters, Others
Previously called Rally Legal, Spellbook offers a generative AI-powered contract tool of the same name. As the company looks to scale, it hinted at a broader partnership with Thomson Reuters in the future.
Continue Reading Legal Tech Startup Spellbook Raises $10.9 Million, With Thomson Reuters Investing
After joining the lineup of CLM companies leveraging generative AI solutions, Evisort also announced that it would be partnering with ServiceNow to offer its contracting capabilities to the organization’s customer base.
Continue Reading CLM Provider Evisort Announces Generative AI Integration, Partners With ServiceNow
Via a chat interface, ExploreAI allows users to extract insights from their contract data, summarize and translate contracts into different languages, and monitor contracts for certain obligations, among other tasks.
Continue Reading CLM Provider Icertis Launches ExploreAI, a Generative AI Contract Intelligence Tool
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
“Legal innovation means delivering accurate results faster through new technology that surfaces and centralizes vital business insights for better visibility and collaboration,” says Jessica Bicknell, Vice President of Customer Success at LinkSquares.
Continue Reading Contract Lifecycle Management, Vendor: LinkSquares
The use of AI is becoming essential, but humans will always be necessary in the business of law, says the head of one of the legal sector’s fastest growing tech firms.
Continue Reading Luminance’s CEO on the Future of Lawyers and Why ChatGPT Is Only ‘Dinner Party’ Smart
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
The Wilson Sonsini-backed CLM provider noted it will leverage its newest investment to further enhance its product and AI capabilities.
Continue Reading Lexion Raises $20 Million in Series B Round, Bringing in New Venture Capital Investors
The public launch of AI Assist, which now leverages OpenAI’s newest large language model GPT-4, also comes with the release of new offerings within Ironclad AI more broadly.
Continue Reading Ironclad Publicly Launches AI Assist, Now Powered by GPT-4
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
As more legal tech providers are integrating artificial intelligence to power their solutions, CLM company BlackBoiler is seeking to provide insight into why its AI makes the decisions it makes.
Continue Reading BlackBoiler Releases Context AI, Aiming to Eliminate 'Black Box' of AI Contract Review
BlackBoiler, a company whose AI-driven contract review software automatically reviews and redlines contract drafts using Microsoft Word’s Track Changes, is today releasing a new feature, ContextAI, that enhances the markup by showing the user the reason for every redline.
Last year, I reported on BlackBoiler’s launch of Playbook Builder, a feature that helps companies automate the creation of
Continue Reading BlackBoiler Enhances Its Contract Redlining with ‘ContextAI,’ Which Gives the Reason for Every Redline
This week marked the annual Legalweek show in New York, one of the world’s largest and most prominent legal technology conferences. Although COVID kept me from attending, it is not keeping me from covering the news coming out of the show.
Previously, I posted part one of my roundup of Legalweek news, featuring news from Reveal-Brainspace, Casepoint, DISCO, ContractPodAi, Haystack
Continue Reading Legalweek News Roundup Part 2: CASEpeer, Evisort, Everlaw, Hanzo, LawPay, LexCheck, LinkSquares, LegalEase, Logikcull, Milestones, MyCase