This Indian startup is creating an AI assistant for all your legal needs – VCCircle
Despite being an important part of everyday dealings for most businesses and big-ticket purchases, negotiations and drafting of contracts can be tricky. Moreover, oversights can lead to unnecessary costs or loss of revenue in the long run, and can end up being a drain on company resources.
Enter SpotDraft, an artificial intelligence-powered platform that uses advanced machine learning algorithms to automate drafting and negotiating of legal contracts.
The Gurgaon-based startup, run by Draft Spotting Technologies Ltd, provides solutions to complex legal dealings, including drafting, managing and storing paperwork online, analysing contracts and automating invoices, besides sending reminders and offering expert advice on legal compliances.