What Evisort does

Evisort is an AI-native contract intelligence platform founded in 2016 and headquartered in San Francisco. The company builds software that uses natural language processing, machine learning, and purpose-built legal AI models to extract clauses, flag risks, and automate workflows across the contract lifecycle — from drafting through renewal. Its technology stack includes a library of over 120 pre-built AI models, multimodal document processing for native, scanned, and image-based contracts, an Advanced AI Orchestration layer, and a suite of autonomous agents (Contract Intelligence Agent, Contract Negotiation Agent, and Revenue Contract Agent) with multilingual support for German, French, and Spanish. The platform is ISO 42001 Responsible AI certified and is positioned as an AI-native system of record for enterprise contracts.

Evisort serves enterprise legal, finance, and HR departments at large organizations, addressing manual contract review, fragmented operations, and slow data extraction from unstructured documents. Named customers include NetApp, L'Oréal, and unnamed healthcare and energy enterprises, with case-study outcomes reporting $2.5M+ savings, 50-90% review speedups, and 80% workload reductions. The company earned Visionary status in both the 2024 and 2025 Gartner Magic Quadrants for CLM and was a Strong Performer in the 2025 Forrester Wave for CLM Platforms.

Evisort operated as a venture-backed subscription SaaS business with quote-based enterprise pricing, raising approximately $156M cumulatively across six funding rounds (including a $100M round led by TCV in May 2022). In September 2024, Workday announced a definitive agreement to acquire Evisort, closing the transaction in November 2024 for an estimated $250-310M. Post-acquisition, Evisort's technology is embedded in Workday's enterprise platform, distributed through Workday's global direct sales organization, and has expanded into APAC markets and the EU (with Frankfurt-based data residency). Co-founder Jerry Ting transitioned to VP of Agentic AI at Workday following the acquisition.

Name

Evisort

Legal name

Evisort

Website

https://evisort.com

Company type

Private

Founded year

2016

Operating status

Acquired

Headcount range

251–500 employees

Short description

Evisort is an AI-native contract intelligence platform that automates contract analysis, risk detection, and lifecycle management for enterprise legal, finance, and HR teams, now operating as a Workday subsidiary embedded in the Workday platform.

Ownership category

akta.pro rank

Product category

Contract Lifecycle Management

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Contract Lifecycle Management (CLM) & Document Automation (BPAEAPAD)

akta.pro secondary industries

Contract Lifecycle Management (CLM) & Document Generation/Templating (HDAEAGAL), Document Capture, Scanning, OCR/ICR & Intelligent Document Processing (IDP) (HDAEAGAD)

Keywords

• Contract lifecycle management
• AI contract analysis
• Document intelligence
• Legal AI software
• Contract automation

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription-based SaaS: Evisort generates revenue through subscription-based licensing of its AI-powered contract intelligence and contract lifecycle management platform. Following the Workday acquisition, the platform is now offered as part of Workday's enterprise software suite, with pricing typically quote-based for enterprise deployments.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Evisort provides an AI-powered contract intelligence platform that uses natural language processing and machine learning to extract clauses, identify risks, and analyze contracts across their lifecycle. The platform ingests unstructured contract documents—including native files, scans, and images—and transforms them into structured, analyzable data for legal, finance, and HR teams. Following Workday's October 2024 acquisition, the offering is now embedded in the Workday platform as Contract Intelligence and Contract Lifecycle Management (CLM).

Product overview

Evisort is an AI-powered contract intelligence platform that provides end-to-end contract lifecycle management and document analysis capabilities. Following its acquisition by Workday in October 2024, Evisort's technology powers Workday's CLM solutions. The platform consists of Contract Intelligence (core AI analysis engine), Contract Lifecycle Management (end-to-end management), and specialized AI Agents (Contract Intelligence Agent, Contract Negotiation Agent, Revenue Contract Agent) that leverage over 120 pre-built AI models for comprehensive contract analysis. Advanced AI Orchestration enables enhanced coordination of AI workflows. The platform transforms unstructured contract documents into structured, analyzable data with NLP-powered clause extraction, risk detection, and semantic search capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Contract Intelligence AI-powered contract analysis platform that extracts insights, risks, and opportunities from contracts. It enables semantic search, clause extraction, and comprehensive contract review using proprietary AI models, and is for enterprise legal, finance, and HR teams managing large contract repositories.
• Contract Lifecycle Management (CLM) AI-native system of record for the entire contract lifecycle, managing contracts from drafting through renewal with AI-powered automation, risk detection, and opportunity identification for enterprise organizations.

Quantifiable outcome

• Healthcare provider cut contract turnaround from days to hours
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature6 records

Partnerships

Two partnerships are on record, tiered flagship.

• WorkdayflagshipOEM/ Whitelabel/ Licensing Partner · 27 March 2025Evisort's AI-powered contract intelligence and CLM solutions are now accessible through the Workday platform, enabling organizations to analyze contracts for insights, risks, and opportunities, and streamline the entire contract process using AI.
• WorkdayflagshipStrategic or Co-development Partner · 1 October 2024Workday acquired Evisort in October 2024 for approximately $250-310 million. Evisort's AI-powered document intelligence is now integrated into Workday's platform to enhance finance and HR solutions. Evisort's technology enables faster and more accurate data extraction from unstructured business documents.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ironclad: AI-native CLM platform serving legal, sales, and procurement teams at enterprises. Most direct head-to-head competitor to Evisort in purpose-built, AI-first contract lifecycle management with overlapping customer profiles and value propositions.
• Icertis: Enterprise CLM platform with deep contract intelligence, AI, and integration capabilities. Competes with Evisort for large-enterprise legal and procurement CLM deals, particularly in regulated and Fortune-500 segments.
• DocuSign CLM: DocuSign's Contract Lifecycle Management offering (including former SpringCM and acquired Lexion) competes directly with Evisort across contract authoring, analysis, and management for enterprise customers.
• Agiloft: Highly customizable enterprise CLM platform with AI capabilities for contract analysis. Direct competitor targeting the same legal, sales-operations, and procurement buyers as Evisort.
• SirionLabs: Enterprise CLM focused on post-signature contract management, analytics, and AI-driven obligation tracking. Overlaps with Evisort's strength in post-signature analysis and search.
• ContractPodAi: AI-powered CLM platform for legal teams, providing contract generation, analysis, and lifecycle management. Direct competitor in the AI-first CLM segment for mid-market and enterprise customers.

Emerging players

• LinkSquares: AI-first contract analysis and management platform focused on legal departments. Comparable to Evisort in its AI-native analytics posture, though typically serving mid-market customers with narrower scope.
• Lexion: AI contract management platform acquired by DocuSign. Comparable to Evisort in AI-powered contract review and repository capabilities, serving legal teams at growing and mid-sized companies.

Broad incumbents

• Coupa: Broad business spend management platform (now under Amadeus Capital/Broadcom) with embedded CLM capabilities. Competes indirectly by offering contract management as part of a wider procurement and finance suite.
• SAP Ariba / SAP CLM: Large incumbent in procurement and contract management with deep enterprise ERP integration. Overlaps with Evisort's enterprise CLM positioning, particularly for SAP-centric customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/evisort
• Facebookfacebook.com/evisort
• LinkedInlinkedin.com/company/evisort

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds6 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evisort