Startup Klarity Raises $70 Million to Automate Document Reviews

Read through enough contracts, invoices or purchase orders—any business documents, really—enough times, and your eyes probably glaze over. Ondrej Antos experienced it as a law clerk nearly a decade ago. 

When Antos met Nischal Nadhamuni at the Massachusetts Institute of Technology in 2016, the pair went on a three-hour-long walk in Cambridge, Mass., and decided to start a company to tackle the problem.

Klarity, their startup, began in 2017 by building document review tools for law firms and pivoted in 2020 to target accounting and compliance teams. Its customers now include public companies such as DoorDash, Moody’s and Zoom.