Source: TechFundingNews
Estonian legal technology startup Avokaado has achieved a big milestone by securing €1.2 million in funding, with Tera Ventures leading the investment round. Furthermore, the company is preparing to introduce its latest AI-ready upgrade, which is poised to transform the landscape of contracts by converting structured text into dynamic, self-executing sets of invaluable data. Notably, Avokaado has already amassed a substantial user base exceeding 20,000, including top-level executives from major players in the telecommunications, retail, hospitality, and finance sectors.
The recent influx of funding will play a pivotal role in facilitating the company’s expansion into new markets and industry verticals. Avokaado’s most recent innovation centers around a document format referred to as aDoc, which seamlessly integrates clauses, metadata, workflows, and lifecycle management into a unified document structure. This development elevates contracts to intelligent entities capable of automating processes, monitoring changes, and adapting to various scenarios with remarkable flexibility…
Read full article: https://techfundingnews.com/estonian-legal-tech-avokaado-bags-e1-2m-for-their-ai-powered-contracts/
