LinkSquares, a Boston, MA-based provider of artificial intelligence (AI)-powered contract analytics software, closed a $4.8m financing round.
The round, which brought total venture funding to $6.9m, was led by Hyperplane Venture Capital and MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual), with participation from a top Am Law 50 firm. As part of the financing, John Murphy of Hyperplane is joining the LinkSquares board.
The company intends to use the funds to expand the team, invest in advancing AI capabilities, and focus on a customer-centric go to market strategy.
Founded in 2015 and led by Vishal Sunak, CEO, LinkSquares is a provider of AI-powered contract management and analytics software. Customers include high-growth companies such as VMware, DraftKings, Kensho, Wish.com, Asurion, and Carbonite use the system’s contract repository, which automatically finds and extracts key terms and meta-data from contracts and provides key insights with deep search, custom reporting, and analytics.