
DraftWise is an AI-powered platform designed to transform the legal industry by helping law firms draft and negotiate better contracts more efficiently. Leveraging AI and the firm's own historical data, DraftWise enables attorneys to access and apply precedent and legal guidance directly within Microsoft Word. The platform accelerates every stage of the contract process, from initial drafting to final review and negotiation, by turning legal knowledge into actionable insights. It provides features like 'Smart Draft' for drafting with deal history, 'Markup' for AI-generated contract review with redlines, and negotiation assistance by summarizing key points and flagging risks. DraftWise is built with enterprise-grade security, adhering to SOC 2 Type II and ISO 27001 certifications, and importantly, does not train on client data. The company is backed by prominent VCs and Y-Combinator, and is generating revenue from major law firms including Vault 10, Magic Circle, and Am Law 100 firms, indicating strong market traction.

DraftWise is an AI-powered platform designed to transform the legal industry by helping law firms draft and negotiate better contracts more efficiently. Leveraging AI and the firm's own historical data, DraftWise enables attorneys to access and apply precedent and legal guidance directly within Microsoft Word. The platform accelerates every stage of the contract process, from initial drafting to final review and negotiation, by turning legal knowledge into actionable insights. It provides features like 'Smart Draft' for drafting with deal history, 'Markup' for AI-generated contract review with redlines, and negotiation assistance by summarizing key points and flagging risks. DraftWise is built with enterprise-grade security, adhering to SOC 2 Type II and ISO 27001 certifications, and importantly, does not train on client data. The company is backed by prominent VCs and Y-Combinator, and is generating revenue from major law firms including Vault 10, Magic Circle, and Am Law 100 firms, indicating strong market traction.
What they do: AI-powered contract drafting, review and negotiation platform for law firms and in-house legal teams
Founded / HQ: Founded 2020; New York, NY
Customers / traction: Used by AmLaw 100, Vault 10 and Fortune 500 law teams; customers include Katten and Orrick (per company)
Security: Enterprise-grade security with SOC 2 Type II and ISO 27001 certifications; does not train on client data
Funding: Raised seed ($5M) and Series A ($20M); total reported funding ~$27.95M
Contract drafting, review and negotiation for law firms and in-house legal teams
2020
Legal technology
5000000.00
Seed round announced June 28, 2023
20000000.00
Series A announced March 14, 2024
“Backed by investors including Index Ventures, Earlybird, Y Combinator and Formus Capital”