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Covenant

AI-powered legal intelligence platform delivering real-time, data-driven insights and streamlined legal workflows for private market investors.

Pricing
Custom
Built for
In-house legal teams
Funding
Seed
Team size
1-10
Founded
2023
Industry
Legal Services

Use cases

Contract review/RedliningDocument summarizationKnowledge managementCompliance monitoring

Practice areas

Corporate / M&APrivacy & data protectionRegulatory

Company

Covenant (covenant.co) is a technology company embedded within a law firm, specializing in providing AI-powered legal solutions for private market investors. The company integrates advanced AI with legal expertise to reduce legal fees, increase transaction speed, and unlock actionable insights from legal data. Covenant offers several AI products, including: - An AI-powered legal intelligence platform (Covenant 2.0) that gives private market investors real-time access to verified legal data and portfolio insights. - An AI-powered MFN (Most Favored Nation) election tool designed for limited partners, which streamlines the analysis of complex legal documents. - A generative AI assistant that allows users to query their verified legal dataset in natural language and receive instant, data-grounded answers. The primary target audience for Covenant’s AI products is private market investors, such as limited partners and fund managers, who require efficient, data-driven legal services and insights for their investment activities.

Use cases in depth

Covenant is a technology company embedded in a law firm, focused on serving private market investors. Its platform integrates advanced AI with legal expertise to streamline legal processes and provide actionable insights. Key features and functions include: - Multi-Model AI Review: Utilizes multiple foundational AI models for reliable and efficient legal analysis, continuously improving as technology advances. - Lawyer Verification: Every AI-generated summary is reviewed by legal professionals to ensure accuracy and reliability. - Interactive Dashboard: Centralizes key legal terms, allows easy navigation, comparison across drafts and managers, and leverages historical data for strategic decision-making. - Security and Privacy: Zero data retention, no training on client data, clients retain full data ownership, and SOC 2 Type II compliance. Covenant primarily serves investors in alternative assets, such as endowments, foundations, sovereign wealth funds, and pension plans.

Practice area fit

Covenant is a technology company embedded in a law firm, focused on serving private market investors. Its platform integrates advanced AI with legal expertise to streamline legal processes and provide actionable insights. Key features and functions include: - Multi-Model AI Review: Utilizes multiple foundational AI models for reliable and efficient legal analysis, continuously improving as technology advances. - Lawyer Verification: Every AI-generated summary is reviewed by legal professionals to ensure accuracy and reliability. - Interactive Dashboard: Centralizes key legal terms, allows easy navigation, comparison across drafts and managers, and leverages historical data for strategic decision-making. - Security and Privacy: Zero data retention, no training on client data, clients retain full data ownership, and SOC 2 Type II compliance. Covenant primarily serves investors in alternative assets, such as endowments, foundations, sovereign wealth funds, and pension plans.

Security & compliance

Covenant offers services and consulting for compliance with SOC 2, ISO 27001, GDPR, HIPAA, and CCPA, among others. However, the information available indicates that they provide consulting and support for these standards, but it does not explicitly confirm that Covenant itself is certified or compliant under SOC 2 Type II, ISO 27001, GDPR, HIPAA, or CCPA. For confirmation of their own certifications, direct verification from the company would be required.

Data handling

Covenant.co explicitly states that it has formal retention and disposal procedures for secure retention and disposal of company and customer data. However, there is no explicit mention on the referenced page of "no data retention," "client data not used for training," "on-prem deployment," "private cloud," or "customer-managed encryption keys." The available information only confirms that data retention and disposal are managed securely according to formal procedures.