Cognizer offers a deep-learning platform that extracts and analyzes over 1,000 legal terms and clauses from contracts with 97% accuracy, organizing this data into a Knowledge Graph for advanced insights. Its Conversation AI interface allows users to query contract information in plain English, enhancing efficiency in legal document review and decision-making.
Funding
$19.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Legal professionals face challenges in efficiently reviewing and extracting key information from large volumes of contracts, leading to time-consuming manual processes and potential oversights in risk assessment and compliance. Traditional methods lack the speed and accuracy needed to effectively manage complex contractual obligations and opportunities.
Solution
Cognizer offers a contract intelligence platform that automates the extraction and analysis of over 1,000 legal terms and clauses from contracts with high accuracy. The platform leverages a deep-learning model to organize extracted data into a Knowledge Graph, enabling sophisticated analysis and insights. Users can interact with contract data through a Conversation AI interface, asking questions in plain English and receiving instant answers. Cognizer provides both a user application called Genius and a platform called Cortex, which offers web services for extraction, comparison, and graphing contract terms and clauses. The platform's Neural Vector Engine facilitates semantic comparison of contract language, identification of risks and opportunities, and compliance monitoring.
Target Audience
Cognizer targets legal departments, contract managers, and risk and compliance officers within enterprises, as well as providers of Contract Lifecycle Management (CLM), Enterprise Legal Management (ELM), and Contract Management (CM) solutions.
Features
- Automated extraction of over 1,000 legal terms and clauses from contracts with 97% accuracy
- Knowledge Graph representation of contract data for advanced analysis and relationship discovery
- Conversation AI interface for querying contract information in plain English
- Genius ICA Viewer for visually displaying identified terms and clauses within contract documents
- Few-shot learning capability allowing users to teach the system new terms and clauses
- Semantic comparison of contracts to identify similarities and differences in meaning
- Risk and opportunity assessment through graph-driven insights and advanced visualization
- API for enriching CLM, ELM, and contract management solutions with extracted contract data