After an extensive evaluation process, Reddit selected Ivo for its contract review and repository capabilities. With Ivo, Reddit’s legal team will streamline its review processes, improve contract insights, and drive business impact.

Traditional contract management systems are difficult to maintain and often rely on manual tagging, which is expensive, time-consuming, and prone to error. Attempts to automate this with CLMs have largely failed, as traditional CLMs lack robust search and data retrieval capabilities.

Contract management should be efficient, insight-driven, and effortless to manage. Ivo’s purpose-built AI engine, AiRE, powers its Repository: automatically extracting, linking, and clustering contract data without the need for manual tagging, setup, or maintenance. Legal teams can instantly query their contracts for insights that inform strategy and strengthen operations.

In addition, Ivo’s native integration with Microsoft Word and other tools legal teams already use minimizes workflow disruption and delivers rapid time to value. The ability to work within familiar systems makes adopting Ivo effortless. 

“Technology leaders like Reddit recognize that legal teams have a strategic impact on their business,” said Min-Kyu Jung, CEO & Co-Founder of Ivo. “Reddit’s investment in Ivo is an investment not only in speed and efficiency, but also in insights that drive powerful business outcomes.”

Companies that use Ivo see up to a 75% efficiency gain in contract review—an advantage that’s critical in industries where speed defines success.

Ivo is transforming contract review and management for companies across tech and beyond. Learn more about Ivo’s impact.

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