Evolution AI
London-based NLP provider specializing in contract analysis and financial document processing for enterprises including NatWest and Deutsche Bank.
Overview
Evolution AI develops natural language processing systems for extracting structured data from unstructured text, with particular focus on legal contracts and financial documents. Founded in 2015, the London-based company processes over 1.5 million pages daily for clients including NatWest, Deutsche Bank, and Dun & Bradstreet. Their platform combines visual reasoning with NLP to interpret document layouts, tables, and semantic context.
The company received seed funding from Firstminute Capital and has demonstrated measurable client outcomes, including a 75% cost reduction for Swiss asset manager Unigestion on quarterly report extraction. While the broader enterprise AI market shows 90% of employees underutilizing AI capabilities for basic tasks, Evolution AI's specialized approach targets sophisticated document processing workflows that deliver measurable productivity improvements beyond simple text manipulation.
Key Features
- Visual Reasoning and NLP: Combined computer vision and natural language processing for understanding document layout, tables, and text semantics
- Contract Data Extraction: Specialized NLP for detecting legal terms, obligations, permissions, and references to external documents
- Financial Document Processing: Automated extraction from quarterly reports, financial statements, and banking documents
- Lexical Nuance Detection: Recognition of subtle differences in contract language such as obligations versus permissions
- High-Volume Processing: Capability to process 1.5+ million pages per day
- Structured Output: Extracted data available as CSV or Excel for integration with downstream systems
Use Cases
Contract Portfolio Analysis
Legal departments analyze large contract repositories by uploading hundreds of agreements for batch processing. Evolution AI extracts key terms including parties, dates, obligations, payment terms, and renewal clauses, identifying cross-references between contracts and flagging non-standard language.
Banking Document Processing
Financial institutions automate extraction from account statements, transaction reports, and regulatory filings. Deutsche Bank and NatWest use the system to reduce manual data entry for corporate banking operations, interpreting varied document layouts from different banking systems.
Investment Document Analysis
Asset managers process quarterly reports and financial disclosures from portfolio companies. Swiss asset manager Unigestion achieved a 75% cost reduction using Evolution AI to process quarterly reports, enabling faster investment decisions based on structured portfolio data.
Technical Specifications
| Feature | Specification |
|---|---|
| Core Technology | NLP, visual reasoning, computer vision |
| Processing Capacity | 1.5+ million pages per day |
| Document Types | Contracts, quarterly reports, financial statements, invoices, account statements |
| Output Formats | CSV, Excel |
| Language Capabilities | Legal and financial terminology processing |
| Contract Features | Obligations, permissions, external references, clause extraction |
| Notable Clients | NatWest, Deutsche Bank, Dun & Bradstreet, Unigestion |
Resources
Company Information
Headquarters: London, United Kingdom
Founded: 2015
Investors: Firstminute Capital (seed round)
Case Study: 75% cost reduction for Unigestion on quarterly report extraction