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A typical enterprise grapples with hundreds or thousands of agreements, contracts and other legal documents every year, and it usually engages costly legal counsel either inside or outside the company to assess those documents on their behalf. Now, a startup called InCloudCounsel that is part RPA and part BPO — it has built tools to both automate and, in some cases, outsource this work — is announcing a Series B round of $200 million, money that it will be using to meet demand for its services.

Alongside this, the startup is rebranding to Ontra — signifying “getting to the heart of contracts”, according to the startup’s CEO and founder Troy Pospisil.

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From terrible to bad. An upgrade I guess?


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