Kira Systems

A Kira Systems is a Contract Analysis Platform that utilizes AI and machine learning for efficient contract review and analysis.

• AKA: Kira (Contract Analysis Platform).
• Context:
  • Website: https://kirasystems.com/
  • ...
• Example(s):
  • ...
• Counter-Example(s):
  • Casetext CoCounsel.
  • Evisort Contract AI,
  • LawGeex AI Contract Review Platform,
  • Ironclad CAI.
  • DoNotPay (Virtual Legal Assistant,
  • Cognitiv+,
• See: Contract AI System, Legal AI Chatbot, Contract Analysis, Contract Management System, Litera Corp, Zuva Inc., Zuva, Inc..

---

---

References

2024

• GPT-4 (Web)
  • The company's business model combines SaaS with services, integrating a 'lawyer-in-the-loop' with the latest machine learning technology. Robin AI has grown significantly, reviewing over 12,000 contracts per year, and has acquired a portion of its competitor, LawGeex​​. [1].
  • Here are brief profiles of some of Robin AI's potential competitors in the legal tech sector:
    1. . LegalOn Technologies, Inc.:
       • Focus: AI contract review
       • Founded: Not specified
       • Headquarters: Operates globally with businesses in Japan and the US
       • Special Features: Trusted by over 4,000 companies worldwide, backed by $130M+ in global funding
       • Leadership: Daniel Lewis (CEO), Paul Drobot (Chief Sales Officer), Gabor Melli (VP of AI), Mike Contillo (Head of Product), Corey Longhurst (Head of Growth), Jeffrey Shimamoto (Head of Legal Content)
       • Website: [LegalOn Technologies](https://www.legalontech.com/about)【16†source】.Certainly! Here's the updated list, including Robin AI, for a more comprehensive view of the competitive landscape in the legal tech sector:
    2. . Robin AI, Ltd.:
       • Focus: Automating contract drafting and negotiation processes using AI
       • Founded: 2019
       • Headquarters: London, England, with significant operations in the US
       • Special Features: Integration of Anthropic's Claude Large Language Model for complex legal documents, unique "SaaS + services" business model with a 'lawyer-in-the-loop' approach
       • Website: [Robin AI](https://www.robin
    3. . Kira Systems:
       • Focus: AI-powered contract analysis and review
       • Founded: 2011
       • Headquarters: Toronto, Canada
       • Special Features: Offers solutions for law firms, corporations, retail, insurance, real estate, financial services, audit, accounting, and advisory
       • Market Presence: Global presence with law firms, professional service firms, Fortune 100 corporations, and financial services
       • Website: [Kira Systems](https://kirasystems.com)【20†source】【21†source】.
    4. . LawGeex:
       • Focus: AI platform for contracting legal terms, contract review automation
       • Founded: 2014
       • Headquarters: Tel Aviv, Israel; additional offices in the US
       • Special Features: Enterprise customers (2K as of Jan 2024), types of integrations (6 as of Jan 2024), and partners (12 as of Jan 2024)
       • Website: [LawGeex](https://www.lawgeex.com)【25†source】.
    5. . LexCheck:
       • Focus: Contract acceleration and intelligence platform, AI-powered contract review
       • Founded: 2015
       • Headquarters: New York, NY, US
       • Special Features: Copilot software for legal contract review and proofreading, automated clause generation, contract playbooks, contract analytics
       • Total Funding: $3 million
       • Key People: Gary Sangha (Founder & CEO), Michael Ross (CCO), Vishal Singhania (VP of Product), Qi Chen (VP of Engineering), Charles Lu (VP of Operations)
       • Website: [LexCheck](https://www.lexcheck.com)【29†source】【30†source】.

2023a

• (ChatGPT, 2023) ⇒ "What is a "Kira Systems"? Summarize in 2-3 paragraphs (context:Contract Analysis Platform )" prompt. ChatGPT, August 3 Version, OpenAI, 24 Sept. 2023. https://chat.openai.com.
  • ANSWER: Kira Systems is a well-known contract analysis platform that leverages artificial intelligence and machine learning technologies to streamline the contract review and analysis process for businesses and legal professionals. The platform is designed to help organizations extract critical information from large volumes of contracts quickly and accurately. Kira Systems uses natural language processing algorithms to identify and categorize key clauses, provisions, and data points within contracts, making it easier for users to review, manage, and analyze their contractual agreements.

     Kira Systems' advanced capabilities enable it to handle various types of contracts, such as sales agreements, vendor contracts, and legal documents, among others. Users can customize the platform to suit their specific needs, allowing for tailored contract analysis and due diligence. Kira Systems has gained popularity for its ability to improve efficiency and reduce the time and effort required for contract review, ultimately helping organizations make more informed decisions and mitigate risks associated with their contractual obligations. It's a valuable tool in the legaltech landscape, contributing to increased productivity and enhanced contract management.

2023b

• (GBard, 2023) ⇒ https://bard.google.com
  • Kira Systems can be used for a variety of contract-related tasks, including:
    • Identifying and extracting key contract terms, such as pricing, payment terms, and termination clauses.
    • Analyzing contract risks, such as potential liability or compliance issues.
    • Comparing contracts to identify inconsistencies or red flags.
    • Generating reports on contract data.
    • Automating the contract negotiation process.

2023c

• (LinkedIn) ⇒ https://linkedin.com/company/kirasystems/about/
  • Kira Systems helps enterprises uncover relevant information from their contracts.

    Our easy-to-use machine learning software requires no consulting engagement and no technical expertise to get started.

  • About Kira
    • Kira is powerful, award-winning software that excels at searching and analyzing contract text. Kira offers pre-built, machine learning models covering due diligence, general commercial, corporate organization, real estate and compliance. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. Kira can be deployed on virtual data rooms and other large repositories of contracts, creating summary analyses within minutes.

      Customers, who include some of the world's largest corporations and professional services firms, have trusted Kira on hundreds of billions of dollars of transactions to date. They also deploy Kira for knowledge management, contract search, analytics, and other use cases where visibility into contract provisions is critical.

  • Website: https://kirasystems.com/
  • Company size: 48 on LinkedIn
  • Headquarters: Toronto, Ontario
  • Founded: 2011
  • Specialties: contract review software, lease abstraction, M&A due diligence, and contract management database population

---