ThoughtRiver

About

ThoughtRiver is a legal technology company based in Cambridge, United Kingdom, founded in 2016. The company specializes in AI-powered contract review and analysis, aimed at automating legal document processing for in-house legal teams, law firms, and businesses. ThoughtRiver's software utilizes machine learning and natural language processing to enhance contract pre-screening, risk assessment, and insights extraction, significantly reducing review times while maintaining high accuracy. The flagship product, Lexible®, is a large language model trained by expert lawyers, achieving over 97% accuracy in identifying risks and providing instant answers to contract questions. ThoughtRiver also offers the Contract Acceleration Platform (CAP), which automates contract scans and management, enhancing collaboration and minimizing risks across various sectors, including legal, finance, and real estate. The company has raised approximately $10.77M in funding and employs around 37 people, focusing on delivering efficient solutions for contract management.