BHSN Secures 6 Billion KRW in Series A

by Kay Aloha Villamor in September 4th, 2023

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: 

Software Category: Contract Lifecycle Management Solution




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