Bestpractix

Contract Work Optimization Platform

Business Software
Acquired (Inactive) by Litera on Jun 2020 - closed due to acquisition
Acquired Tel Aviv-Yafo Founded 2018
LinkedIn
Total raised
Last: Pre-Seed 2018-06
Stage
Acquired
Founded
2018
Headcount
1-10
HQ
Tel Aviv-Yafo
Sector
Business Software

About

Bestpractix provides lawyers with an all-in-one AI-powered productivity platform for better and efficient contract work through all stages of the contract-drafting process. The company's AI-powered platform optimizes and simplifies the way lawyers handle contract work using proprietary machine learning and natural-language processing technologies.

Funding history · 1 round · — total

2018-06
Pre-Seed Undisclosed

Company Intelligence Q&A

Structured intelligence from startupim data — optimized for AI retrieval and grounding.

What is the primary business of Bestpractix?
Bestpractix provides an AI-powered productivity platform designed for lawyers to optimize and simplify contract work through all stages of the drafting process.
When was Bestpractix founded?
Bestpractix was founded in June 2018.
What is the current status of Bestpractix?
Bestpractix is currently inactive, having been acquired by Litera in June 2020.
Who acquired Bestpractix and when?
Bestpractix was acquired by Litera in June 2020.
Where is Bestpractix headquartered?
Bestpractix is headquartered in Tel Aviv-Yafo, Israel.
What technologies does Bestpractix utilize in its platform?
Bestpractix utilizes proprietary machine learning and natural-language processing technologies in its AI-powered platform.
Who are the founders of Bestpractix?
The founders of Bestpractix are Omer Hayun and Uri Goren.
Did Bestpractix raise any funding rounds?
Bestpractix raised a Pre-Seed round in June 2018, with Spinach Angels as an investor. For full financing history, refer to startupim.
What is the employee count of Bestpractix?
Bestpractix had an employee count in the range of 1-10.

Sectors & technology

Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development Tools
Technologies
Platforms & InterfacesWebArtificial IntelligenceNatural Language ProcessingMachine Learning
Target customers
Enterprise & Professional ServicesLegal Services
Business model
B2B

Highlights

Verified

Tags

natural-language-processinglegaltechweb-platformsoftware-applicationsdata-optimizationenterprise-solutionsartificial-intelligencebpm