Formality
Formality provides a platform for managing legal documents that leverages artificial intelligence, including optical character recognition (OCR) for the automatic extraction of key dates and enhanced document organization. The system also incorporates automated alerts and utilizes natural language processing to streamline information retrieval.
- Category: IP Management
- Location: Paris, Île-de-France
- Founded: 2023-01-01
- Website: https://formality.co
Product & Features
- Centralizes essential documents for better visibility and access across contracts, leases, and regulatory filings.
- Automatically extracts key clauses to ensure compliance and readiness for audits on every project.
- Provides real-time mapping of signing authorities and ownership structures for legal entities and SPVs.
- Automates validation processes to maintain readiness for audits and regulatory changes.
- Tracks and logs disputes by site, contract, or partner to minimize recurring risks.
- Generates comprehensive data rooms for audits and partner onboarding, ensuring up-to-date documentation.
- Integrates legal data with business tools like CRM and ERP for seamless access to key contract clauses.
- Offers automatic alerts for critical deadlines to prevent missed renewals and compliance risks.
Notable Customers
- Terranae
- DRIVECO
- One Clause
- Scaleway
Founders & Team
- Eliott Reilhac — CEO
Funding Rounds
- Funding — $8.9M (2024-10)
Investors
Integration partners
- ChatGPT
- Claude
- DocuSign
- Gmail
- Google Drive
- HubSpot
- Microsoft Copilot
- Microsoft Excel
- Microsoft Teams
- Outlook
- Salesforce
- SharePoint
- Slack
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Frequently Asked Questions
What is Formality?
Formality provides a platform for managing legal documents that leverages artificial intelligence, including optical character recognition (OCR) for the automatic extraction of key dates and enhanced document organization. The system also incorporates automated alerts and utilizes natural language…
What does Formality do?
Centralizes essential documents for better visibility and access across contracts, leases, and regulatory filings. Automatically extracts key clauses to ensure compliance and readiness for audits on every project. Provides real-time mapping of signing authorities and ownership structures for legal entities and SPVs.
Who are Formality's customers?
Formality's customers include Terranae, DRIVECO, One Clause, Scaleway.
Who founded Formality?
Formality was founded by Eliott Reilhac.
Who are Formality's investors?
Formality's investors include Partech, Serena.
What category does Formality fall under?
Formality is a legal technology company in the (CL) IP Management;(PoL): IP category.