Contract intelligence AI provider showcased as a “Soonicorn” in recognition of its potential for rapid growth
SAN MATEO, Calif.–(BUSINESS WIRE)–#AI—Evisort, the leading provider of artificial intelligence (AI) solutions for contract management, has received the Emerging Startups of Legal Tech award from research firm Tracxn. Tracxn also singled out Evisort as a “Soonicorn” in recognition of its potential to become a “Unicorn,” or a company with a $1 billion valuation, in the near future.
The Tracxn Emerging Award series recognizes the topmost companies from across the globe in legal tech and many other industries. In addition to acknowledging current Unicorns, the Awards also recognize “Soonicorns” (companies with strong short-term potential to become Unicorns) and “Minicorns” (which have potential to become Unicorns in the long run.) Tracxn shared in a statement that “[t]hese ratings are based on a detailed analysis by our internal sector specialist teams coupled with a combination of multiple publicly available signals such as market size, investment by marquee investors, execution excellence and future growth prospects.”
Evisort is pleased to celebrate this award, its first for 2022, after receiving an array of accolades and doubling revenue in less than one year in 2021.
The company operates in the highly competitive contract management category, which includes contract analytics, contract lifecycle management (CLM), and contract repositories. Evisort combines these three critical capabilities in its cloud-based Contract Intelligence Platform and is known for its exceptional ability to deliver results for a range of business teams including legal, operations, procurement, sales, finance, and IT. Evisort’s solution leverages a proprietary AI engine that extracts data from any business document without any prior preparation or special formatting.
“We are incredibly grateful to Tracxn for acknowledging Evisort as one of the top Emerging Startups of Legal Tech and a Soonicorn, as part of the firm’s Emerging Awards program,” remarked Jerry Ting, CEO of Evisort. “Tracxn has enormous reach worldwide and understands how businesses thrive. Their ability to select and recognize companies who are achieving high levels of success in legal tech and other industries is a great service to business on the whole.”
Founded in 2016 by Harvard Law and MIT alumni, Evisort is the leading provider of contract management and AI technology for legal, procurement, sales, finance, and IT teams. Evisort’s Contract Intelligence Platform delivers rapid ROI in 30 days by centralizing contracts without migration, using AI to track and search metadata and provisions without manual data entry, and enabling teams to draft, redline, approve, sign, report on, and renew contracts. Evisort is headquartered in Silicon Valley and backed by leading strategic and institutional investors including General Atlantic, Vertex Ventures, M12 (Microsoft’s venture fund), Amity Ventures, Village Global, and Serra Ventures. Learn more by visiting the website and follow @Evisort on LinkedIn, Twitter, and Facebook.
Christy Burke, Burke & Company PR, PH: 212-620-7711, email@example.com