COMPANY PROFILE

Evisort

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Helps companies organize, understand and extract data from their contracts

San Mateo, United StatesFounded 2016AI

Valuation $250–500M Last recorded · 2022

Revenue $10–50M Latest reported FY

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About Evisort

Evisort is a startup that operates in the contract analytics and contract lifecycle management market. It uses artificial intelligence (AI) to help businesses, both large enterprises and growing companies, manage their contracts more efficiently. The company's AI technology has been trained on over 11 million contracts, allowing it to analyze over one billion contract data points with market-leading accuracy. This enables Evisort to support faster contract search and review times, reportedly by over 93%.

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Evisort's clients include directors of sales operations, chief financial officers, directors of legal operations, and IT directors. These clients come from diverse industries, including global streaming and production companies. The company's services help these clients focus on closing deals rather than managing paperwork, acting as a strategic partner to their businesses.

Evisort's business model is based on providing AI-powered contract analytics and lifecycle management services. The company makes money by charging clients for these services, which help to protect and accelerate their businesses. Evisort's AI technology goes beyond traditional contract lifecycle management (CLM) functionality, unlocking data that can help clients understand contractual security risks and streamline vendor audits.

In simple terms, Evisort uses AI to help businesses manage their contracts more efficiently, saving them time and reducing risk. It makes money by charging for these services.

Source: Dealroom company data