LawGeex, the leading A.I. contract review platform for businesses, has been selected by Gartner, Inc. as a Cool Vendor in the inauguralCool Vendors in AI for Legal Affairs, 2017 report.
Every year, Gartner selects tech companies with a product or service that is “interesting, new and innovative”. More importantly, the global consultancy also flags to the business world major new disruptive sectors they need to know about. This year for the first time ever Gartner recognized legal Artificial Intelligence (AI) companies making a “profound efficiency impact on the way legal services are delivered.”
LawGeex was selected for “driving technology advancement and delivering technologies that aim to further automate legal service delivery and provide new insight for better decision making”, according to the report.
The distinction of being Gartner Cool Vendor has been achieved in the past by names such as Box, Dropbox, Evernote, Cloudera, and Instagram-then operating in disruptive spaces they created, but which we now take for granted as obvious leaders and benchmarks.
LawGeex is proud to be named in this first ever report, along with three other legal AI companies: Neota Logic, Onna and Ravel Law. These companies are part of a rapidly expanding industry of legal technologies, recently chronicled by LawGeex in The In-House Counsel’s LegalTech Buyers Guide, featuring more than 100 legaltech innovators and 40 Legal AI players.
Gartner subscribers can access the Cool Vendors in AI for Legal Affairs, 2017 report.
LawGeex (http://www.lawgeex.com) is transforming legal operations using artificial intelligence, and helping businesses save hundreds of hours and thousands of dollars reviewing and approving everyday contracts. Founded in 2014 by international lawyer Noory Bechorand leading AI expert Ilan Admon, LawGeex enables businesses to automate their contract approval process, improving consistency, operational efficiency and getting business moving faster. LawGeex combines machine learning algorithms, text analytics and the knowledge of expert lawyers to deliver in-depth contract reviews using the legal team’s pre-defined criteria. LawGeex removes the legal bottleneck, helping customers and their legal teams focus on the big picture without getting lost in the paperwork.
On April 19, 2016, LawGeex, the leading online contract review platform, announced today a $2.5 million funding round led by lool Ventures, along with LionBird VC and top angel investors Eilon Tirosh and Rami Lipman, opening its online contract review solution free of charge for consumers.