BHSN, a Seoul, South Korea-based AI-based contract management solution provider, secured 6 billion KRW (South Korean Won) in Series A funding.
SaaS Investors
The investment was from Altos Ventures.
Founded in 1996, Altos Ventures is a technology investment firm based in Silicon Valley. The firm seeks to make early-stage investments in the consumer and enterprise sectors.
BHSN Use of Funds
With the investment received, the company plans to accelerate the development of private large language models (LLMs) capable of understanding causal relationships between legal documents and knowledge, as well as multilingual language models.
About BHSN
Founded in 2020 by Lim Jeong-geun, BHSN specializes in providing an "all-in-one enterprise AI legal solution" designed to assist businesses in digitizing and managing their legal processes and data. BHSN's solution, powered by BHSN-BERT, offers businesses a comprehensive view of their contracts by analyzing individual clauses. It aids in streamlining the entire contract process, covering aspects such as creating standard contracts by business units, legal review, coordination, agreement processes, internal approval, e-signature, contract storage, and performance management. Leading companies like CJ Cheiljedang and SK Telecom have adopted the solution to enhance system efficiency and productivity.
Funding Details
Company: BHSN
Raised: 6 billion KRW
Round: Series A
Funding Month: August 2023
Lead Investors: Altos Ventures
Additional Investors:
Company Website: https://bhsn.ai/
Software Category: Contract Lifecycle Management Solution
Source: https://wowtale.net/2023/08/31/62699/