Jerry Ting, CEO and co-founder of Evisort: Ting, along with a few Harvard Law classmates and collaborators at MIT, began developing Evisort to analyze language in contracts and categorize the content. Although founding Evisort as a startup wasn't necessarily part of Ting's original plan for law school, but decided to dive into the legal tech market after hearing from attorneys about the frustrations of inefficiency in contract work. “Lawyers across every company are struggling to find a way to manage their contracts, and we're excited to be tackling the problem during such an exciting time,” Ting told LTN. Jerry Ting, CEO and co-founder of Evisort
|

Contract management company Evisort recently announced it raised $4.5 million, joining other legal tech companies in securing investments early in the year.

The seed funding was led by Village Global and Amity Ventures with participation from Accenture, SAP, Walt Disney executives and an undisclosed partner from Ropes & Gray. Serra Ventures is a new investor, said Evisort co-founder and CEO Jerry Ting.

Evisort's artificial intelligence (AI)-powered features include classifying documents by document and contract type and extracting provisions, financial information and other data. For legal, Evisort provides instant analysis of thousands of contracts in a short time frame, allowing attorneys to focus on pertinent data. But the benefits of such speedy analysis also extends to non-law departments. Indeed, Evisort touts its usability for non-lawyers for extracting data from documents for billing and revenue reporting to drive negotiations.