Zuva,
the
company
that
spun
off
from
AI
contract
review
pioneer
Kira
when
it
was
acquired
by
Litera
in
2021,
today
released
its
own
AI
contract
review
tool,
Zuva
Analyze,
which
it
says
will
enable
in-house
legal
teams
to
review
contracts
2-3
times
faster
than
reviewing
them
manually.
Developed
by
the
same
team
that
originally
created
Kira,
Zuva
Analyze
uses
generative
AI
and
machine
learning
to
give
reliably
accurate
and
granular
results
over
large
numbers
of
documents,
the
company
says.
One
way
Zuva
is
distinguishing
Analyze
from
other
contract
review
products
on
the
market
is
on
pricing.
While
other
products
typically
must
be
purchased
on
a
subscription
basis,
Zuva
offers
the
choice
of
subscribing
or
paying
on
a
project
basis.
In
testing
by
beta
users,
the
company
said,
Zuva
Analyze
enabled
them
to
review
contracts
2-3
times
faster
than
manual
review.
“AI
has
really
advanced
since
we
sold
Kira
in
2021,”
said
Zuva
founder
and
CEO
Noah
Waisberg.
“We
thought
this
change
in
technology
presented
an
excellent
opportunity
to
solve
problems
we couldn’t
back
in
the
day.
“We’re
extremely
excited
to
introduce
Analyze
to
the
market.
We’ve
heard
very
positive
things
about
it
from
early
users,
and
seen
it
dramatically
ease
contract
review.”
You
Can
Try
It
Free
Partially
due
to
Kira’s
success,
the
contract
analysis
software
market
has
become
fairly developed.
But
Zuva
says
its
product
is
distinguished
by
its
speed,
pricing
options,
and
modern
user
interface.
You
can
try
Zuva
Analyze
for
free,
right
away,
without
having
to
go
through
a
salesperson,
at
https://zuva.ai.
Since
Zuva
spun
off,
the
business
has
focused
on
selling
access
to
the
company’s
AI
review
technology
through
an
application
programming
interface
(API).
Its
customers
for
the
API
include
other
legal
technology
companies
and
corporations.
One
customer,
for
example,
is
Microsoft,
which
uses
it
to
automate
a
workflow
wherein
developers
are
seeking
approval
from
legal
of
licensing
terms
for
third-party
software
they
want
to
try
out.
But
given
the
growing
market
for
contract
review
software
and
the
opportunities
presented
by
generative
AI,
Waisberg
told
me
in
a
recent
interview,
Zuva
saw
the
opportunity
to
develop
a
product
that
would
benefit
from
its
prior
experience
in
designing
and
building
Kira.
Because
of
restrictions
in
the
acquisition
agreement
between
Litera
and
Kira,
Zuva
will
sell
this
product
only
to
corporate
legal
departments,
and
not
to
law
firms.
But
Waisberg
sees
that
as
an
opportunity,
not
a
restriction.
“Being
able
to
go
faster
for
a
corporate
is
pretty
attractive,
especially
if
it’s
a
corporate
who’s
thinking
about
doing
some
of
their
own
deals
so
they
don’t
have
to
send
stuff
over
to
a
law
firm,”
he
said.
He
also
believes
Zuva’s
pricing
model
will
be
attractive
to
corporate
legal.
Many
legal
departments
do
not
have
budgets
to
subscribe
to
products
on
a
continuing
basis.
But
when
they
need
that
product
for
a
specific
project,
they
have
the
funds
to
purchase
the
product
on
a
per-project
basis.
“I
think
there
are
situations
when
they
will
feel
like
subscriptions,
but
there
are
other
situations
where
they’d
rather
do
one
off,
and
so
we’re
happy
to
do
either,”
he
said.