Record #341523 - GSI Repository

Bounsel AI

Making contracts more human with state-of-the-art natural language processing techniques in Spanish

Grant period	2023-07-01 - 2024-06-30
Funding body	European Union
Call number	HORIZON-EIE-2022-SCALEUP-02
Grant number	101114381
Identifier	G:(EU-Grant)101114381

Note: Bounsel S.L. is a young innovative deep-tech company that focuses its activity on the use of Information Technology (IT) with the aim of offering, in the form of a service (SaaS), a software platform for the intelligent and comprehensive management of contracts powered by a Big Data infrastructure and driven by advanced Artificial Intelligence techniques (AI). For this purpose, the company's technological base is based on the application of Machine Learning and Deep Learning models, based on cutting-edge Natural Language Processing (NLP) techniques, applied to the legal field and unstructured content in Spanish and Portuguese. The company already has the platform on the market, and its activity for the coming years will focus, following the product roadmap, on its R&D strategy and the technical-functional improvements obtained from user feedback, on the development of new functionalities based on software and AI for the intelligent management of contracts making them more human-like so that a regular middle person can easily understand its content (Bounsel AI). The business model proposed by Bounsel is a transactional B2B SaaS that has different annual subscription pricing plans, and with an international projection focused on South America. Bounsel has currently a team of 8 people and is located in the Polytechnic City of Innovation of the UPV and maintains close collaboration with the Technological Institute of Informatics (ITI). The great relationship capacity of the founding team and its position in the legal tech market are exceptional. The wide recognition in the ecosystem is also remarkable. Among others, Bounsel counts on the support of the Women's Institute, the Youth Institute, IVACE, CDTI, Google for Startups, and the Polytechnic University of Valencia.

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Record created 2023-08-27, last modified 2023-08-27

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