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00:00:00
thank you very much good morning everyone i'm david c. owing cofounder of like like this
00:00:05
we had like carcass automated the car and the analysis of contracts
00:00:11
let me take you to a legal department i know for all the non lawyers in here
00:00:15
and sorry nevertheless handling contracts can be quite difficult
00:00:21
it can be complex and time consuming
00:00:23
before the signature you want to understand you content as quickly as possible
00:00:29
after the signature you want to find the relevant content as easily and as quickly as well as
00:00:35
possible and at the same time you want to manage your documents without pain at all
00:00:42
i'd like art is we can do that um as you can see 'em at with the
00:00:47
interface and they are we give you either direct and structured access to the relevant content
00:00:53
at the same time we extract automatically the relevant information
00:00:59
and last but not least we detect automatically messing critical
00:01:04
or unusual content within a a a contract
00:01:09
we do that in german as well as in english our business model is pretty much what you can
00:01:14
expect it to be to be model focusing on big companies i'm offering a software as a
00:01:21
service solution and a focusing on the german speaking market
00:01:25
or pricing consists of four factors number of
00:01:28
documents analyst a customised security solution our support service
00:01:33
and and offered a p. i. x. s.
00:01:35
um our journey has been quite fun over the past month we've been able
00:01:40
to develop a function prototype or no finalising our m. b. p.
00:01:44
we've been talking to twenty five interested prospects and been able to acquire three um pilot
00:01:50
customers we handed in as well an application for a d. c. t. i. project
00:01:55
i'm over it the next month two thousand eighteen we plan to um require um
00:02:01
recruit for their personnel and in order to develop various feature a product features
00:02:08
our team besides me i have a legal per a legal background
00:02:12
and there's michael he's or c. t. uh with a software engineering
00:02:16
background you worked uh in canada as well as in switzerland
00:02:19
for various companies and then there's on our computer linguist who holds a p. h. d. in that respect the field
00:02:26
i'm on the board there's mark from sounds on my co founder and customise our
00:02:31
work jointly looking for seed um money uh in the amount
00:02:35
of about one million we're gonna use the money
00:02:38
to recruit a product development and to and to the market in sweats and as well as in germany
00:02:44
very good thank or not some time left perfect gonna use that time for a key when they
00:02:53
please off
00:03:00
um we defined that i'm with each customer that's based on our
00:03:04
legal professional experience if i'm basically when you look at
00:03:09
let's say an employment contract it's always the same um criteria
00:03:13
which are interesting after the signature of a contract
00:03:19
question over there please
00:03:25
huh
00:03:28
what is when the system misses something important in the contract
00:03:33
we make sure that the system won't miss anything uh we did
00:03:37
some testing on and we figure when we realised that
00:03:40
um the machine is already quite accurate we uh haven't
00:03:44
it like yourself and ninety five percent already
00:03:48
one last question uh i have too many questions from you but i think actually it's great but let me take another one
00:03:55
please
00:04:00
right
00:04:02
yeah
00:04:05
it it's not based on any law it's we really detect the relevant
00:04:10
information within the contract and that's not based on any other jurisdiction

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