Automated contract review and analytics provider eBrevia announced on Nov. 25 it raised $1.5 million in seed funding to make $2.1 million available to scale its sales and marketing efforts to law firms, corporate law departments, financial institutions and real estate companies. The software-as-a-service provider will use the influx of cash, primarily from Connecticut Innovations, to expand and support its business in the U.S. and U.K.
EBrevia started up in 2011 to commercialize natural language processing to analyze, summarize, and extract information from legal documents. Its machine learning technology helps lawyers accomplish due diligence in advising clients on mergers and acquisitions, analyzing contract liability in commercial real estate deals, and identifying and tracking obligations in effective contracts.
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