Juro offers an AI-native contract automation platform designed to streamline the entire contract lifecycle.
Features and functions of Juro include:
Juro AI
Juro’s AI Legal Assistant streamlines contract lifecycle management by automating key tasks through three core capabilities: AI Extract, AI Draft, and AI Review.
- AI Extract allows users to extract any data point from contracts, transforming static documents into actionable data that can be connected to workflows like approvals and reminders. It also supports tagging, calculations, translations, and summaries to aid in triage and organization.
- AI Draft enables rapid contract creation and amendments, with customizable drafting guardrails to ensure compliance and quality.
- AI Review accelerates contract review by identifying risks and enabling amendments based on predefined playbooks.
Additionally, Juro has introduced beta agentic review capabilities, allowing users to mark up contracts based on internal playbooks directly within Juro or through tools like Slack and Teams, supporting more collaborative and efficient contract negotiations.
Create
Users can generate contracts swiftly using browser-native templates. Contracts can be initiated directly within Juro or through integrations with platforms like Slack and CRM systems, facilitating seamless contract creation from familiar tools.
Sign
Juro provides advanced electronic signature capabilities accessible on any device. This feature ensures a secure and efficient signing process, with a comprehensive audit trail maintained within the platform.
Approve
The platform offers no-code workflow builders that allow for the creation of customized approval processes. Conditional approvals can be set based on specific contract values, ensuring appropriate oversight and control throughout the approval stages.
Review
Juro facilitates secure, browser-based contract negotiations. Parties can comment, approve, and negotiate directly within the platform, with the AI Assistant providing support to expedite these processes.
Track
Automated reminders help manage contract deadlines and obligations effectively. The system provides real-time visibility into contract statuses, reducing the risk of missed renewals or compliance issues.
Store
Juro serves as a centralized repository for all contracts and associated data. Its intelligent storage system allows for quick retrieval and comprehensive reporting, enabling users to track obligations, renewals, and risks effortlessly.
By consolidating these features into a single AI-native workspace, Juro empowers legal and business teams to manage contracts more efficiently, reducing manual tasks and accelerating agreement processes.
Funding Information:
Juro has raised a total of $31M in funding over 5 rounds. Their latest funding of $23M was raised in January 2022 from a Series B round led by Eight Roads Ventures with support from Seedcamp, Union Square Ventures, Point Nine, and Taavet Hinrikus.
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