Ontra Synapse is a legal operating system for the private markets, offering support around key legal workflows including:

Precedent Retrieval — Surface relevant past negotiations and associated markups.

Document Analysis — Assess a document’s complexity to optimize negotiations.

Summarization and Reporting — Aggregate and synthesize contracts for insights and reporting.

What makes Ontra Synapse unique?

Ontra Synapse has been especially created to serve the needs of private equity lawyers.

To deliver high-quality answers, AI depends on high-quality training data. There’s not a lot of information about private equity contracts in the public domain, which is why conventional AI can’t meet the needs of the industry in terms of relevance and precision. Ontra’s AI training data set contains unparalleled data from more than 800,000 negotiations, representing hundreds of millions of individual data points. The AI continuously learns from every document processed on Ontra’s platform.

In-depth contract frameworks: 
Private markets contracts contain nuances not found in contracts from other industries. For AI to be effective in contract automation, it needs a detailed understanding of all the clauses in a given document as well as the associated details. Ontra has seen nearly one million private equity contracts which have become the basis for our extensive, industry-specific contract frameworks. These “contract anatomies” can contain up to 500 fields.

Proprietary set of predictive and generative AI models:
Based on industry-specific use cases, Ontra has defined the types of answers private markets customers need to accelerate their legal work. For example, users may need to access precedent while negotiating a contract or quickly summarize an executed document. Based on Ontra's deep understanding of these requirements, it has built a set of predictive and generative AI models to produce the high-quality, context-specific outputs users need.

Funding Information:
Ontra has raised a total of $240M in funding over 2 rounds. Their latest funding of $200M was raised in October 2021 from a Series B round from Battery Vetures, Blackstone Group, and Mike Paulus.