LinkSquares, the AI Startup Tackling Contract Analytics, Raises $4.8M in Financing

Latest Investment Round Led by Hyperplane Venture Capital and
MassMutual Ventures

BOSTON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AI?src=hash” target=”_blank”gt;#AIlt;/agt;–LinkSquares,
the company disrupting legal ops with artificial intelligence
(AI)-powered contract analytics software, today announced the completion
of a $4.8 million heavily oversubscribed financing round. The round was
led by Hyperplane
Venture Capital
and MassMutual
Ventures
, the corporate venture capital arm of Massachusetts Mutual
Life Insurance Company (MassMutual). The round included additional
participation from a top Am Law 50 firm. As part of the financing, John
Murphy of Hyperplane is joining the LinkSquares board.

The most recent financing brings LinkSquares’ total venture funding to
$6.9 million. The company previously raised nearly $2.2 million in its
first funding round in 2017, led by Regent Private Capital, a Tulsa,
Oklahoma-based private equity and VC investment firm.

“We are very excited about working with all our new investors for this
round. Both of the co-leads share the vision and excitement around using
technology to replace historically manual processes. LinkSquares is
extremely passionate about helping in-house counsel, and this round of
funding enables us to continue to build an incredible product experience
and ultimately enable these teams to operate more efficiently in support
of business operations,” said Vishal Sunak, LinkSquares CEO.

John Murphy, Co-Founder and Managing Partner at Hyperplane, comments,
“As intelligent tools continue to proliferate, we believe there is a
huge opportunity to use AI to automate the routine, recurring processes
within different functional areas of an organization. LinkSquares
provides an elegant solution that allows legal professionals to automate
these manual, low value tasks and focus on what’s really important.”

Founded in 2015, LinkSquares has quickly grown as a leading provider of
AI-powered contract management and analytics software. Coming off a
banner year in 2018, LinkSquares’ customers include high-growth
companies such as VMware, DraftKings, Kensho, Wish.com, Asurion, and
Carbonite. With the funding LinkSquares will continue to expand the team
with great talent, invest in advancing AI capabilities, and focus on a
customer-centric go to market strategy.

“The thousands of PDF and scanned vendor and customer agreements sitting
in a company’s files are hiding potential revenue opportunities as well
as possible legal obligations and financial liabilities. Instead of
paying a first-year associate at an outside law firm to manually read
through these documents, LinkSquares allows in-house counsel to manage
their contractual environment with a real-time summary and graphical
view of key contract terms, e.g., renewal dates, cancellation clauses,
and confidentiality obligations,” said Eric Emmons, Managing Director at
MassMutual Ventures. “We see LinkSquares’ AI contract management quickly
becoming requisite technology for all in-house counsel teams.”

Vishal Sunak concludes, “It is incredible to be on the forefront of the
AI industrial revolution inside of the legal market, bringing first of
its kind machine learning capabilities to solving age old legal
challenges.”

About LinkSquares:
LinkSquares
is a web application designed to help legal and finance teams work
smarter. The AI-powered contract repository automatically finds and
extracts key terms and meta-data from contracts and provides key
insights with deep search, custom reporting, and analytics. LinkSquares
saves high-growth companies hundreds of hours and thousands of dollars
by eliminating manual contract review and the need for outside counsel.

About Hyperplane
Venture Capital
:
Hyperplane Venture Capital is a
seed stage firm based in Boston, Massachusetts. The firm partners with
exceptional founders who are harnessing machine intelligence, sensor
technology, and cloud computing to design solutions at the nexus of
perception, communication, and insight. Hyperplane’s portfolio covers a
wide array of industries including financial technologies, robotics,
digital health, industrial automation, and others.

About MassMutual
Ventures
:
MassMutual Ventures is a return-focused
corporate venture capital firm investing in seed to growth stage
companies. Key areas of investment focus include financial technology,
cybersecurity, data analytics, digital health and enterprise software.
MassMutual Ventures helps companies navigate early growth and achieve
significant enterprise value over time. The firm manages US$250M across
two funds: MassMutual Ventures a US$200M Boston MA based fund investing
in North America, Europe and Israel and MassMutual Ventures SEA, a
US$50M Singapore based fund investing across Southeast Asia.

Contacts

Vishal Sunak, CEO
hello@linksquares.com
617-701-7696

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