Contract Automation

Key Features and Functions include:

Purpose-Built Contract Negotiation Software
A dedicated platform for routine contract workflows tailored to private market legal operations, helping teams centralize and manage negotiations with AI-assisted tools.

Contract Dashboard & Workflow Management
A centralized view of ongoing negotiations supports tracking status across multiple agreements, enabling team collaboration and oversight.

Digital Playbooks
Create and maintain firm-specific negotiation protocols that document preferred, fallback, and final positions to enforce consistency and streamline decision-making.

Similar Documents & Precedent Insights
Proprietary algorithms surface similar past documents and relevant precedent to inform negotiation strategies and accelerate contract review.

Markup Builder
AI-enabled markup suggestions based on precedent and firm playbook data help reduce manual effort in drafting and revising contract language.

AI-Powered Summaries
Automatic generation of key contract summaries highlights crucial legal and business terms after negotiation to improve clarity and reporting.

On-Demand Reports & Data Insights
Custom reporting tools enable analysis of historical documents and negotiation trends to inform future strategy and operational decisions.

Ontra was formerly known as InCloud Counsel before branding in 2021.

Funding Information:
Ontra has raised a total of $325 in funding over 3 rounds. 

• June 2025 - Ontra closed a $70 million financing round led by Silicon Valley Bank (SVB), a division of First Citizens Bank. 
• October 2021 -  $200M was raised from a Series B round from Battery Vetures, Blackstone Group, and Mike Paulus.  
• January 2019 - $40M raised in a Series A from Battery Ventures.