Elevator Pitch: AI-powered Contract Acceleration Platform – 80% faster contract execution with improved compliance – supports review, redlining, collaboration, and negotiation of contracts (including third party/counter party contracts). Uses AI to deep dive on legal topics, compare contracts based on legal topics, and supports European and Asian languages.
What makes you unique or innovative? AI assist (not provide legal advice), very easy to deploy, supports data centers and cloud environments. Lots of functionality, depending on contract review flow.
What problem do you solve? Dramatically Improved Contracting (pre-execution phase) – core to law firms and corporate legal teams.
Your competitors? Several vendors in the pre-execution contract review and execution.
Demo video: https://www.docgility.com/learn
Founded: 2/1/2020, Palo Alto, CA.
Target customer. largest law firms, large banks.
Price. Priced based on user.
Expected 2022/2023 gross revenue? Less than $1M/$1M – $5M
Number of users/paying customers? 1,001 – 10,000/51 – 100
Traction to date. Great traction – but not disclosed. Subscriptions and Corporate customers are treated differently.
Plan for growth over next five years. Expansion in both law firms and corporate legal. Also, continued support of online subscriptions.
Outside funding. No outside funding
Describe any ways in which your company is diverse or promotes diversity. We do not discriminate based on the protected categories.