ThoughtRiver nabs $10M to speed up deal-making with AI contract review – TechCrunch

ThoughtRiver, a London-based legaltech startup that's applying AI to speed up contract pre-screening, has announced a $10 million Series A round of funding led by Octopus Ventures. Existing seed investors Crane, Local Globe, Entrée Capital, Syndicate Room, and angel investor Duncan Painter also participated in the round. The UK startup is one of a number applying AI to automate work that would otherwise be done by legal professions with the aim of boosting operational efficiency. Other startups playing in the space include the likes of Kira Systems, LawGeex and Luminance to name a few. ThoughtRiver argues it has a different focus vs the majority of contract view companies because it's focusing on pre-signature contracts -- with the aim of making securing a deal faster. "Almost all others are just employed to pull data from existing contracts.