Kira Systems closes $66 mln Series A with Insight Venture Partners

Funding Rounds

▤ Summary

Founded in 2011 by CEO Noah Waisberg and CTO Alexander Hudek , Kira’s platform leverages machine learning technology to automatically identify and extract relevant information from contracts and related documents.TORONTO, Canada – September 5, 2018 – Kira Systems, an AI-driven contract analytics software vendor, announced today a $50M USD minority investment from Insight Venture Partners.Kira Systems’ co-founders Noah Waisberg (CEO, a former corporate lawyer) and Dr. Alexander Hudek (CTO, who holds a PhD in Computer Science with emphasis on machine learning) bring a unique combination of legal and technological expertise to the company.With Quick Study, Kira’s machine learning tool, both technical and non-technical users can easily enhance Kira’s knowledge base, by teaching the software to recognize desired concepts by simply highlighting relevant examples.“There is vast opportunity to improve contract review, enabling previously impossible levels of insight into the details of companies’ agreements,” said Noah Waisberg, co-founder and CEO of Kira Systems.

$ Funding

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Amount $49.3M Total raised
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Date September 5, 2018 Announcement date
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Investors - Lead investors
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Company http://www.kirasystems.com Funded company

▥ Classifications

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applications
Data Management

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▦ Linked Companies

Kira Systems
$10M to $25M