DocuSign expands partnership with Seal Software with latest investment
DocuSign Inc. is making a $15 million investment in artificial intelligence software leader Seal Software, expanding their partnership and building on DocuSign’s AI capabilities.
Seal's artificial intelligence-based agreement discovery, extraction, and analytics solutions are currently offered as a pre-integrated extension to DocuSign eSignature.
This builds on the steps DocuSign has already taken to bring intelligence to its suite of products—including the acquisition of the IP rights of machine learning startup Appuri, another move centered on AI technology, in December 2017; and the acquisition of SpringCM, with document indexing and text search, in September 2018.
It also reflects the increasing importance that AI technologies play in helping to automate and connect a company's entire system of agreement—allowing business to be done faster with less risk, lower costs, and better experiences for customers, partners, and employees.
Seal Software currently powers two DocuSign Agreement Cloud product extensions: DocuSign Total Search and DocuSign Intelligent Insights.
Together, these enable DocuSign users to instantly and easily find agreements, regardless of their origin or storage location.
Users can then compare sections of similar agreements to identify inconsistent contract terms, areas of exposure, and potential revenue leakage.
They can also review auto-extracted terms and concepts to ensure compliance and minimize exposure to risk. These capabilities can help save companies millions of dollars while continuing to reduce corporate risk.
For more information about this investment, visit www.docusign.com.