Companies with a Cambridge address can benefit from a discount on ThoughtRiver’s contract review software that uses AI to help organisations of all sizes sign better deals, faster.
ThoughtRiver’s founder Tim Pullan moved from Singapore to Cambridge in 2016 with the aim of building a company that made every contract understandable by everyone. He knew there was no better place in the world than Cambridge to build and grow a company that would rely on deep AI and legal expertise. And he has been proven right! Over the past six years the pioneering legal technology company has grown to serve clients including PWC, Singtel and G4S, building a product that helps organisations accelerate their contracting.
At the end of 2021 ThoughtRiver announced a new, affordable solution for reviewing and negotiating Non-Disclosure Agreements – Purely NDA. Designed to be used by legal and non-legal users alike the software uses cutting-edge technology to make the review process quicker and more efficient. ThoughtRiver are keen to ensure even the smallest of Cambridge companies can take advance of their product and are offering a discount to any organisation with a Cambridge office.
“Cambridge has provided us with a pool of incredibly talented staff, committed supporters and investors, and a strong local customer base, right from the very start of our journey. We want to support other local businesses by offering them an affordable way to speed up contract reviews and get on with what they do best: helping to make Cambridge a vibrant and entrepreneurial place to live.” Says Tim Pullan, ThoughtRiver’s Founder and CEO. “We know our home city is full of businesses who could benefit from our technology, and we want to make sure it is accessible to them.”
Purely NDA is out-of-the-box software that allows organisations of all sizes to review third-party NDAs in moments, providing them with a list of issues that should be reviewed and discussed before signature. The software uses a combination of Natural Language Processing and Machine learning to ‘read’ an NDA in seconds and understand the rights and obligations it contains. Anything deemed risky or unusual is flagged in a list of issues along with advice on why it has been flagged, and suggestions for alternative wording. This list can be shared as an issues report with the other side of the negotiation, clearly outlining the clauses that need revision.
ThoughtRiver are offering a 10% discount on Purely NDA to any company with a Cambridge office as a way of paying back to the city that is part of the company’s DNA. You can trial the software free for 14 days (no credit card details required) and prices start from as little as £49 a month for an individual licence.
To find out more about ThoughtRiver and sign up for a free trial visit their website: www.thoughtriver.com