Contract Wrangler
Uses advanced machine learning technology to uncover hidden data in business relationships.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Founded in 2016, Contract Wrangler established itself as a software-as-a-service platform focused on contract intelligence and document management for clients in sectors like legal and finance. The company's core business involved transforming dense legal contracts into actionable, structured data to assist businesses in optimizing their commercial agreements.
The platform operated by ingesting a client's entire portfolio of contracts, including those on third-party paper. It then employed a combination of machine learning algorithms and a final verification by attorneys—a system referred to as "Attorney-in-the-Loop"—to accurately identify and extract critical terms, clauses, and obligations. This process provided clients with an intuitive interface to operationalize key insights, helping them to manage crucial dates, control spending, mitigate risks, and capitalize on hidden opportunities within their agreements. The software was designed to reveal how terms and obligations affect a company's revenue, risk, and costs after a contract is executed. Before its acquisition, the company had analyzed over 1.8 million contracts for clients such as Zscaler, Lucidchart, and HomeLight.
In a significant milestone, Contract Wrangler was acquired by Conga, a major player in Commercial and Revenue Operations transformation, on August 17, 2021. Following the acquisition, the Contract Wrangler platform was integrated into Conga's product suite and rebranded as Conga Contract Intelligence. This product is now offered both as a standalone solution and as a value-added feature for Conga's existing Contract Lifecycle Management (CLM) customers, aiming to provide a holistic system for managing all contracts to manage risk and optimize revenue.
Keywords: contract intelligence, contract analytics, legal technology, AI in legal, contract lifecycle management, CLM, revenue operations, risk mitigation, obligation management, spend control, automated data extraction, machine learning contracts, attorney-in-the-loop, contract performance, commercial agreements, document management, SaaS, Conga Contract Intelligence