Ontra

AI solutions for automating legal processes

San Francisco, California, United States

About Ontra

Ontra provides AI-powered solutions designed to automate legal processes specifically for investment firms. Its software streamlines the intake, negotiation, and execution of routine contracts, such as Non-Disclosure Agreements (NDAs), by leveraging a global network of freelance legal professionals. This automation allows legal teams to concentrate on more strategic tasks rather than routine paperwork. Ontra also offers services to ensure compliance with contract obligations, tailoring its solutions to the unique needs of each client in the private markets. Unlike its competitors, Ontra has a strong focus on the investment sector and has gained the trust of major clients like Blackstone, which has also invested in the company. The goal of Ontra is to transform legal workflows throughout the entire fund lifecycle, enhancing efficiency and effectiveness for its clients.

San Francisco, CaliforniaHeadquarters
2014Year Founded
$233.5MTotal Funding
SERIES_BCompany Stage
AI & Machine Learning, Financial Services, LegalIndustries
501-1,000Employees

Benefits

Remote Work Options
Unlimited Paid Time Off
Parental Leave
401(k) Retirement Plan
Phone/Internet Stipend
Professional Development Budget
Health Insurance
Dental Insurance
Vision Insurance

Risks

AI model biases in GPT-4 could lead to legal misinterpretations.
Rapid expansion may challenge service quality and customer satisfaction.
Reliance on freelance legal professionals poses data security and confidentiality risks.

Differentiation

Ontra combines AI with experienced attorneys for contract automation and intelligence.
The company serves over 600 investment firms, including Blackstone and AllianceBernstein.
Ontra's AI-enabled software automates routine contracts, freeing legal teams for strategic tasks.

Upsides

Integration of GPT-4 enhances Ontra's AI-driven legal operating system.
Launch of Ontra Atlas positions the company as a leader in legal workflow transformation.
Appointment of Eric Hawkins as CTO accelerates development of innovative product offerings.

Funding

Total raised$233.45 M
Latest valuation$1.00 B
StageSERIES_B
$200
$1.00 B
SERIES A
12/31/2018
$40
$200.00 M