NetDocuments Says Its PatternBuilder MAX AI Is Its ‘Most Successful Product Launch By A Factor of 10’

In information that’s maybe an indicator of the authorized business’s curiosity in generative AI, the doc administration firm NetDocuments stated at this time that its launch of PatternBuilder MAX AI was its “most profitable product launch by an element of 10.”

From the product’s initial launch in October to early final month, the product grew to some 13,000 customers in legislation companies, company authorized departments, and authorities, spanning the U.S., Canada, Europe, the Center East, Africa, and the Asia-Pacific area.

First launched in a limited launch final July, PatternBuilder MAX is a generative AI-driven model of the corporate’s PatternBuilder doc meeting product, designed to allow prospects to create customized generative AI automations tailor-made to the wants of their particular practices.

Along with permitting prospects to construct their very own apps, it comes with 9 “out-of-the-box” apps that can be utilized as-is or modified. These 9 apps handle widespread use circumstances together with doc summarization, drafting, extraction, matter timeline creation, and working contract playbooks.

PatternBuild MAX is constructed on the Microsoft Azure OpenAI Service, and NetDocuments just lately GPT-4 Turbo as an accessible AI mannequin for patrons within the U.S., providing a 128,000 token context window (or about 300 double-spaced pages) and sooner output speeds.

Since October, NetDocuments says, prospects have constructed over 500 PatternBuilder MAX apps and entered over 18,000 prompts. In a single particular occasion, a legislation agency person constructed a customized app, and, throughout the subsequent 5 weeks, ran it over 60 occasions.

“The general sentiment from NetDocuments prospects has and continues to be extraordinarily optimistic because it pertains to our general strategy to AI.” stated Dan Hauck, NetDocuments’ chief product officer. “They’re happy with the thoughtfulness and relevancy of how AI has been utilized throughout the platform, our roadmap technique, and the way we’re delivering innovation in a method that’s enabling them to ship even higher work product and enterprise outcomes on behalf of their very own prospects and purchasers.”