Kira, now from Litera (acquired August, 2021) is software that searches and analyzes contract text. Kira offers pre-built, machine learning models covering due diligence, general commercial, corporate organization, real estate and compliance. Using Kira Quick Study, anyone can train additional models that can identify any desired clause. Kira can be deployed on virtual data rooms and other large repositories of contracts, creating summary analyses.
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Luminance
Score 6.5 out of 10
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Luminance is artificial intelligence platform for the legal industry from the company of the same name in London, allowing users to dig deeper into data, providing contract analytics.
I believe the version of RAVN is Extract rather than Insight. In this regard, Kira stacked up well. UI is much better, and the support and expertise seem to be of a much higher level. Kira seems to be more mature as a product and company in this area. Luminance seems to provide …
The most important reason for selecting Kira was its commercial range. We observed that Kira was used worldwide and by the largest law firms in the US, so we presumed it had better features than Luminance. Other than that, Kira seemed to have more tools for training clauses in …