What is Evisort?
Headquartered in San Mateo, California, Evisort is a pioneering force in the artificial intelligence contract management sector. The company specializes in the design and development of sophisticated AI algorithms that empower legal, procurement, and sales professionals to streamline the management, analysis, and execution of complex contracts and legal documents. By leveraging machine learning to extract actionable insights from unstructured data, Evisort enables organizations to mitigate risk, ensure compliance, and optimize operational efficiency. Its platform serves as a centralized intelligence hub, transforming static legal agreements into dynamic assets that drive business performance across the enterprise.
How much funding has Evisort raised?
Evisort has raised a total of $154.5M across 4 funding rounds:
Angel/Seed
$4.5M
Series A
$15M
Series B
$35M
Series C
$100M
Angel/Seed (2019): $4.5M, investors not publicly disclosed
Series A (2019): $15M led by M12 and Vertex Ventures
Series B (2021): $35M supported by M12, Vertex Ventures, General Atlantic Service Company, L.P., and Amity Ventures
Series C (2022): $100M featuring M12, Technology Crossover Ventures, Amity Ventures, General Atlantic, Breyer Capital, and Vertex Ventures
Key Investors in Evisort
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies.
General Atlantic
General Atlantic is a global growth equity firm that provides capital and strategic support to high-growth companies in sectors such as consumer, financial services, healthcare, life sciences, and technology.
Technology Crossover Ventures
Technology Crossover Ventures (TCV) specializes in providing growth capital for technology companies, focusing on acquisitions, mergers, and recapitalization strategies to drive long-term value.
What's next for Evisort?
With the successful closure of its latest funding round, Evisort is well-positioned to scale its go-to-market operations and deepen its technological moat. The strategic focus will likely center on enhancing the platform's generative AI capabilities and expanding its footprint within the global enterprise market. By integrating deeper analytical tools and fostering interoperability with existing enterprise resource planning systems, Evisort aims to redefine the standard for digital contract governance. As the company matures, the emphasis will shift toward sustaining high-growth metrics while maintaining the agility required to navigate the rapidly evolving landscape of B2B software and applied artificial intelligence.
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