Evisort, the leading provider of artificial intelligence (AI) solutions for contract management, more than doubled its revenue and headcount in less than one year, creating tremendous momentum for the company’s ambitious agenda after closing a $35 million Series B funding round led by General Atlantic and Microsoft in February.
New hires came from over 15 states and provinces, including in key positions such as Director of Commercial Sales, Director of DevOps, and Director of Quality Engineering. These additions help Evisort continue to provide market-leading products and service to clients with the best talent available, regardless of location.
Evisort’s Contract Intelligence Platform is the first and only product suite to integrate contract analytics, contract lifecycle management, and a central document repository in one end-to-end platform that can be implemented in fewer than 30 days.
This year, Evisort released the breakthrough Intelligent Dashboarding feature, a significant addition to the company’s widely-used AI Contract Intelligence Platform. Intelligent Dashboarding set a new standard as the first-ever self-populating dashboards that instantly visualize contract data and summarize key metrics without manual data entry. Additional upgrades include new collaboration, negotiation, and redlining features, and Salesforce integration to accelerate deals.
Giving back to the legal community is extremely important to Evisort’s mission. To that end, two of the company’s founding team, CEO Jerry Ting and EVP Memme Onwudiwe, will be returning to their alma mater, Harvard Law School (HLS), to teach a reading group entitled “Startup Entrepreneurship and Innovations in Legal Technology” from March 28 through April 6, 2022. The course aims to provide Harvard Law students with a firm foundation on legal tech entrepreneurship by combining case studies, prominent guest speakers, and supplemental readings.
In November 2021, Evisort also hosted its first industry event, the virtual “Future of Contracting” Conference. Drawing attendees from across the globe, the Conference brought speakers from well-known enterprises including BNY Mellon, Keller Williams, Adobe, and Jelly Belly together with Evisort’s own technology experts to weigh in on the future of contract management and AI. Evisort also participated in both virtual and in-person legal industry events hosted by ALM, Consero, LegalGC, and the Association of Corporate Counsel.
Evisort received several awards this year, recognizing the company’s leadership and the outstanding performance of its technology. Award highlights include the following:
Evisort was recognized as a market leader in the Fall 2021 Spend Matters SolutionMap for Procurement Technology Vendors. Evisort was also selected for the 2021 Spend Matters “50 Providers to Watch” list.
“2021 was a transformative year for Evisort, marked by hard work, sustained innovation in the AI contract intelligence space, and success,” said Jerry Ting, CEO of Evisort. “We set ambitious goals to make groundbreaking technology and expand our community with our first conference and other initiatives, and we accomplished those objectives. Memme and I are looking forward to teaching at Harvard Law this spring, having graduated just a few years ago. Evisort is very excited for a very strong, innovative year.”
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