eBrevia

eBrevia leverages artificial intelligence (AI) and natural language processing (NLP) to streamline and automate the process of contract analysis, due diligence, and document management for law firms, corporations, and financial institutions. Since the buy-back by its original owners, LLM capabilities have also been built into the core of the syste. The platform aims to increase efficiency, reduce costs, and minimize human error by simplifying complex legal tasks.

With the re-purchase of eBrevia from DFIN in December 2023, the founders intend to relaunch it with a focus on generative AI capabilites.

Use Cases and Segments

Contract Analysis: eBrevia's AI-powered system extracts key provisions and clauses from contracts and legal documents, allowing users to quickly review, compare, and assess them.

Due Diligence: The platform aids in accelerating due diligence processes by analyzing large volumes of documents, identifying risks, and generating detailed reports.

Document Management: eBrevia enables users to manage, store, and organize legal documents in a secure and centralized repository, making it easy to search, access, and collaborate on them.

Compliance and Regulatory Monitoring: The solution helps organizations ensure compliance with various regulations by continuously monitoring and analyzing legal documents for potential violations.

Key Technical Features and Capabilities

AI and NLP: eBrevia employs advanced AI algorithms and NLP techniques to accurately and quickly process, analyze, and understand complex legal language in documents.

Customizable Solutions: The platform is highly adaptable and can be customized to cater to the specific needs and requirements of different industries, practice areas, and jurisdictions.

Integration: eBrevia seamlessly integrates with other legal technology tools, document management systems, and client relationship management (CRM) platforms to provide a comprehensive legal tech ecosystem.

Security: The platform adheres to stringent data security protocols and uses state-of-the-art encryption methods to protect sensitive information and client data.

Funding Information:
eBrevia has raised a total of $4.3M in funding over 10 rounds. Their latest funding was raised on Dec 27, 2017 from a Convertible Note round. eBrevia is funded by 3 investors. Connecticut Innovations and CTNext are the most recent investors.

Past funding rounds include:

• Oct 2016 - 1.8M Series Unknown
• Nov 2014 - 1.5M Seed from Connecticut Innovations
• Apr 2014 - 10K Grant from CTNext
• Mar 2014 - 100K Grant from CT Dept. of Economic Developemnt
• Oct 2013 - 30K Grant from CT Dept. of Economic Development
• May 2013 - 25K Seed from Connecitcut Innovations
• Mar 2013 - $10K Grant from CT Dept. of Economic Development
• Feb 2013 - 425K Seed from Connecticut Innovations
• Mar 2012 - $25,000 Convertible Note from Connecticut Innovations