# Heretik

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/heretik

- Industry: Software
- Headquarters: Chicago, US
- Website: www.heretik.com
- Total disclosed funding: $2.4M
- Latest round: Seed (Dec 18, 2017)
- Investors on record: 3

## About

Heretik, Inc. specializes in advanced contract review solutions, utilizing artificial intelligence to streamline contract management for legal, corporate, and governmental entities worldwide.Founded in 2017 and headquartered in Chicago, US, Heretik, Inc. develops software to enhance contract management processes. The company was acquired by Relativity ODA LLC in August 2022, in a deal involving Chicago Ventures, Corazon Capital, and Relativity Capital, with undisclosed financial terms. The founders are Andy Abbott and Charlie Connor, the latter serving as the CEO.Heretik, Inc. offers innovative contract management solutions primarily through its flagship product, Relativity Contracts. This platform allows organizations to efficiently manage and analyze contracts, leveraging advanced AI for enhanced review capabilities. Key features include customizable data extraction, robust comparison tools, and versatile viewing options, catering to law firms, corporate legal teams, and government agencies across North America, Europe, and Asia-Pacific.Heretik, Inc. generates revenue through subscription-based pricing for its products, including Relativity Contracts. Clients subscribe through various tiers tailored to their organization size, facilitating predictable cash flows through annual or monthly plans. This model supports ongoing updates and client partnerships.Following its acquisition by Relativity ODA LLC, Heretik, Inc. aims to develop integrated contract review and intelligence capabilities. Recent funding from its Seed round in August 2022, which raised USD 2.40 mn, will support these initiatives, allowing for the introduction of new products and expansion into additional markets.

## Funding rounds

- Seed, Dec 18, 2017, $2.4M — Relativity Capital, Chicago Ventures, Corazon Capital

## Investors

- Relativity Capital (https://capitalatlas.ai/funds/relativity-capital) — Seed
- Chicago Ventures (https://capitalatlas.ai/funds/chicago-ventures) — Seed
- Corazon Capital (https://capitalatlas.ai/funds/corazon-capital) — Seed