Ontra, formerly InCloudCounsel, builds an AI-driven contract automation platform combined with a crowdsourced network of corporate lawyers to process and review legal agreements. The product pairs NLP and other algorithmic techniques with RPA-like document processing to triage contracts and surface unusual provisions before routing documents to human lawyers for final checks. Ontra also offers workflow analytics and a full invoicing platform to streamline legal workflows and payments. Its labor model sources corporate lawyers who provide on-demand hours, while some customers use only the automated processing component. The company processes roughly 20,000 NDAs monthly and will use recent funding to expand its automation tools and meet demand for its services. Valuation was not disclosed; the company previously raised $40 million in July 2019 in a round led by Battery Ventures.

Total raised

$200M

Funding rounds

1

Latest round

Series B

Latest activity

Oct 2021