LexCheck provides an AI-powered contract analysis platform that uses natural language processing to automate editing, negotiating, and risk profiling of contracts. The product standardizes negotiations with digital playbooks that deliver redlines, comments, insertions, deletions and automatically escalate deviations from preferred positions. LexCheck says custom playbooks can be trained with only 24–50 sample documents and that its tools integrate with existing contract lifecycle management solutions. The company’s products are developed by practicing lawyers in collaboration with linguists and software engineers. LexCheck has tripled its customer base to include large financial institutions, tech providers and top law firms, employs 32 people, and has not disclosed revenue figures. Proceeds from the recent round will fund expansion of R&D and sales and marketing. LexCheck is a New York City–based provider of an AI-powered contract negotiation platform. Led by founder and CEO Gary Sangha, the company offers an AI-based solution that delivers near-instantaneous attorney-quality negotiation for contracts from NDAs to procurement, sales, and complex investment and acquisition agreements. Its proprietary AI can be tailored to a client’s specific needs with minimal training data while accounting for business context. Once deployed, LexCheck produces issues lists or contract language revisions within minutes of uploads, reducing the amount of time attorneys spend reviewing contracts by over 90%. The company plans to use the funds to accelerate growth in the legal technology sector and to continue the rapid expansion it experienced in 2021. In 2021 LexCheck opened new offices in London and Melbourne and increased staff headcount by 3x. LexCheck is an NYC-based artificial intelligence and legal technology platform that applies AI to help customers accelerate and automate contract negotiations. Its platform serves leading Fortune 500 companies and supports contract drafting and review across ordinary commercial contracts to complex, high-stakes agreements. LexCheck's tools improve the accuracy and consistency of contract review and revision. The platform can integrate with existing legal operations infrastructure to minimize the bandwidth and time required to approve and execute legal documents. It also provides the metrics needed to optimize legal operations performance. The company completed a $3M seed financing and intends to use the funds to expand its business internationally.

Total raised

$25M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2022