DocJuris, a leader in AI contract review, announced the closing of its Series A funding round, raising $8 million in new capital, bringing the total capital raised to date to $11.2 million. Silverton Partners, the most active venture capital firm in Texas, led the funding round, with participation from previous investors Watertower Ventures, Surface Ventures, and Seed Round Capital.
DocJuris’s AI-based contract negotiation software automates key tasks during the review, redlining, and negotiation of contracts. And these capabilities come at a critical time for enterprise teams and general counsels. In a DocJuris survey of 700+ in-house attorneys and contract administrators, which is 74% of companies manually review and draft contracts, amounting to significant errors and time lost in legal operations, sales cycles, and supply chain management.
Ky to DocJuris’ success has been rooted in AI functionality that makes contract negotiations lightning-fast, compliant, and more enjoyable. And several Fortune 500 companies — including Siemens, Dell, FedEx, Toyota, and Duke Energy — utilize DocJuris for various contract management tasks. They use this platform to screen third-party contracts in seconds, redline clauses with playbook-compliant edits in one click, and generate perfectly formatted track changes, exception tables, and amendments — all from a streamlined, cloud-based application.
KEY QUOTES:
“DocJuris AI has become an industry-leading platform that empowers enterprise legal, procurement, and sales teams to close deals faster while reducing risk. With this funding, we will continue scaffolding our platform around generative AI, expand our customer success team, and grow our user base.”
- Henal Patel, CEO and Founder of DocJuris
“The average turnaround time for redlining a complex supply chain agreement was eight days, and our contract volumes were increasing. It was time for a change. We wanted to replace repetitive, manual tasks and free up valuable time for our employees to focus on more impactful work. To achieve this, we developed a turnkey solution for AI-driven contract reviews together with the DocJuris team.”
- Iringo Csifo-Nagy, Lead Attorney for Flex’s Global Procurement and Supply Chain
