Contract lifecycle management leader attributes 1,800% revenue growth to its AI strength, evolution of legal’s strategic business role
LinkSquares, provider of the fastest and most comprehensive AI-powered contract lifecycle management and analysis platform, announced it ranked No. 90 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. To date, LinkSquares has processed more than four million documents and extracted more than 100 million unique data points. The company grew more than 1,800% during the last three years, placing fifth among New England winners.
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“We’ve grown the team with the best and brightest talent, and their unwavering dedication to solving the biggest pains for general counsels and our homegrown AI is an unstoppable combination that has fueled our stellar growth to date.”
The legal industry seeks new approaches to keep company contracts and precious data accessible, secure, and actionable in the face of crisis. Deloitte’s recognition of LinkSquares follows a banner year for the company, raising a $40-million Series B financing round and achieving rank No. 253 on the Inc. 5000 list of fastest-growing private companies, placing the company ninth among companies in Massachusetts. Vishal Sunak, CEO and co-founder of LinkSquares was also named an Entrepreneur of the Year® 2021 New England Award winner.
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
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LinkSquares CEO credits the company’s rise to the modern legal department’s pursuit of an all-encompassing approach to managing contracts and data of strategic consequence to the business. “Artificial intelligence and machine learning can help accelerate and automate the manual business processes of the past, but off-the-shelf AI isn’t cutting it for legal teams and their specialized needs,” Sunak said. “We’ve grown the team with the best and brightest talent, and their unwavering dedication to solving the biggest pains for general counsels and our homegrown AI is an unstoppable combination that has fueled our stellar growth to date.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media, and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
