Draftwise raised a US$20 million Series A led by Index Ventures, the company said on 14 March 2024. Y Combinator and Earlybird Digital East participated.
Draftwise helps lawyers draft and negotiate contracts using a firm's own precedents. Orrick's CIO Wendy Curtis spoke in the announcement about time savings for deal teams.
The founders combine engineering experience from Palantir with law firm practice, and the New York company had around 65 staff.
Law firms should ask how precedent data stays within firm boundaries and how the tool integrates with document management systems.
Figures and customer claims in this piece are those stated by the company or counterparties in the cited materials.
AI-360 has not independently audited operating metrics named in the announcement.
Nothing in this archive note is investment advice or a recommendation to buy or sell securities.
Product roadmaps and deal timelines remain subject to the usual commercial and regulatory conditions.
Readers should treat scale and outcome metrics as company-stated unless a filing or independent audit is cited.
This archive note records the announcement as published at the time; later developments may have changed the picture.
AI-360 tracks enterprise AI vendors serving banking, insurance, capital markets and legal buyers, and adds archive news to company profiles as primary sources are confirmed.