Company Research Report: BRYTER

Company Overview

• Name: BRYTER

• Mission: The mission of BRYTER is to enable legal and compliance experts to perform their jobs more effectively by combining the power of AI with precise workflows.

• Founded By: No information is available.

• Headquarters: BRYTER is a remote-first company with offices in New York, London, and Frankfurt.

• Key People:

• Michael Grupp, CEO, who was named a Changemaker by the Financial Times.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Notable Achievements: BRYTER is known as a leading legal technology company and has received accolades such as ranking Band 1 by Chambers and Partners for multiple years.

Products

BRYTER No-code Platform

• Description: A platform that allows legal and compliance professionals to automate workflows, incorporating document automation and signatory approvals.

• Key Features:

• Automates complex document workflows.

• Risk processing and database integration.

• Out-of-the-box integrations with applications like SharePoint and Salesforce.

BRYTER AI Agents

• Description: A solution designed to enhance productivity by automating standard processes and tasks in legal and compliance functions.

• Key Features:

• Automate responses to commercial team requests.

• Provide AI-driven assistance trained on company policies.

• Efficient and precise in handling repetitive legal tasks.

BRYTER Extract

• Description: Combines AI contract review and data extraction with workflows to tackle various legal use cases.

• Key Features:

• Streamlined contract review process.

• Data extraction for M&A due diligence and lease reviews.

• Integration with legal workflow automation.

Recent Developments

• New Products and Features:

• BRYTER Extract was launched, integrating contract review with data extraction and legal workflows on September 11, 2024.

• Introduction of "Pages," enhancing user interfaces with the ability to display static content and dynamic data.

• Partnerships and Collaborations:

• BRYTER has engaged in partnerships with established legal firms and educational institutions for knowledge workshops, such as the no-code building workshop with the University of Law and Trowers & Hamlins.

• Awards and Recognitions:

• BRYTER was featured in Gartner’s Legal Technology Report on October 24, 2024.

• Named a Top 100 AI & Cloud company by Accel in the 2024 Euroscape Report.

• Recognized as an "Established" vendor for enterprise low-code applications by Gartner on September 5, 2023.

• Raised $66 million in a Series B round led by Tiger Global.

• Strategic Appointments:

• Thomas Böckmann-Nalop was appointed as the new Head of Legal on February 8, 2024.

• Max Paterson joined as US Managing Director to enhance global relationships with law firms.

• Market Impact Data: A Forrester Consulting study indicated that BRYTER users experience an ROI of 368%, a reduction of 90% in time spent on repetitive tasks, and lowered legal and compliance risks.

This report is based on available data and does not include sections where information is not present.