The idea of 'discovering' contracts struck me. Take it further to discovering agreements embedded in text. Does not have to be as complex as 'legal' contracts. Takes it beyond to the the discovery of the implications of these agreements. Like risks, embedded predictions, regulations, governance needs ... and the interaction of these and related considerations. Leads also to the need for better process models.
DocuSign invests $15 million in AI contract discovery startup Seal Software By Kyle Wiggers @Kyle_L_Wiggers in Venturebeat
DocuSign is investing heavily in AI. Literally. The San Francisco provider of electronic signature and digital transaction management services today announced that it's putting $15 million toward Seal Software, a seal contract discovery and analytics startup that uses machine learning to find and parse contracts, building on an existing partnership between the two companies.
It follows DocuSign's acquisition of intellectual property rights from machine learning startup Appuri in December 2017, and its purchase of text search and document indexing startup SpringCM last September. And it comes after Bay Area-based Seal — which was founded in 2010 by Kevin Gidney and Ulf Zetterberg, and which recently reported growth of more than 85 percent year-on-year — raised $30 million from Toba Capital, bringing its total raised to $43 million. .... "
Labels: Digital Contracts, Smart Contracts