The startup offers an online editor that utilizes AI to analyze legal documents as collections of clauses, automatically identifying and correcting errors such as indentation issues. This technology significantly reduces the time businesses spend on document corrections, enhancing productivity and accuracy in legal workflows.
Funding
$3.6M 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
Creating and editing legal documents often involves tedious manual corrections of formatting inconsistencies, such as incorrect indentation and numbering, which can be time-consuming and error-prone. Furthermore, ensuring consistency in terminology and identifying relevant clauses across large document collections presents a significant challenge.
Solution
FRAIM offers LAWGUE, an AI-powered cloud document workspace designed to streamline legal document creation and editing. The platform's core technology includes a rich text editor that automatically corrects indentation, numbering, and other formatting issues, significantly reducing manual effort. Its AI-driven paragraph suggestion engine identifies and suggests similar or missing clauses, ensuring consistency and completeness. Additionally, the platform provides data extraction capabilities, enabling users to automatically extract key information from contracts and other legal documents.
Target Audience
The primary target audience includes legal professionals, businesses, and government entities that create, review, and manage large volumes of legal documents.
Features
- **FRAIM Rich Editor:** A browser-based online editor with patented technology for automatic correction of indentation, numbering, and notation inconsistencies.
- **FRAIM Paragraph Suggest:** An AI-powered engine that suggests similar paragraphs or expressions based on a proprietary algorithm.
- **FRAIM Data Extraction:** An engine for automated extraction of key information from documents, including complex clauses from contracts.
- **FRAIM Scan Parser:** An engine that analyzes scanned document images, providing high-precision text recognition (including handwriting), layout analysis, and conversion to editable formats like docx and JSON.
- Integration with online chat platforms and support for Word document conversion.
- Automatic learning capabilities to optimize suggestions based on the types of documents being used.