Hyperlex, a Paris, France-based legaltech startup, raised €4M in Series A funding.
The round was led by Elaia followed by Axeleo Capital and its historical investors ISAI Venture and Kernel Investissements.
The company intends to use the funds to strengthen its artificial intelligence technology and support commercial development.
Founded in September 2017 by Alexandre Grux (CEO) and Alexis Agahi (CTO), Hyperlex provides SaaS based contract management and analysis solutions using artificial intelligence. It offers:
- a centralized space for storing and sharing documents;
- search functions to automatically find any contract, clause or contractual condition, including scanned documents;
- a system for managing key deadlines with automatic alerts;
- an automatic synthesis of the information contained in contracts;
- analytics derived from contractual data to facilitate decision-making, particularly in the negotiation phases.
Hyperlex has already been adopted by clients including Rakuten, the Paris Chambre des notaires, Zadig & Voltaire and the UIMM (Union of Metallurgy Industries and Crafts).
The company now has a team of 20 people (including several lawyers).