# TermScout

> TermScout is a legaltech company that turns contracts into data. It analyzes and benchmarks B2B agreements against thousands of real-world contracts, then issues an independent TrustMark certification - a public badge signaling that a contract's terms are fair, balanced, and ready to sign. The goal is simple: replace slow, adversarial negotiation with trusted, data-backed agreements that close faster. Its Certify engine scores contracts on nearly 1,000 points, and its newer TrustMark AI program certifies the AI-specific terms buried in modern software contracts.

- **Founded:** 2021
- **Headquarters:** Denver, Colorado, United States
- **Founders:** Otto Hanson (Co-founder & former CEO (now Board Member)), Peter Fatianow (Co-founder)
- **Team size:** ~15 employees
- **Products:** TrustMark™, Certify™, TrustMark™ AI (Certify™ AI), Screens
- **Notable:** Raised an oversubscribed $5M seed round co-led by NFX and Ground Up Ventures (2022)., Built a benchmarking dataset spanning thousands of real-world B2B contracts., Launched Screens, the world's first marketplace for lawyers to build and sell contract-review AIs (2024).

## Products & services

- **TrustMark™** — An independent contract certification and public badge. TermScout benchmarks an agreement against thousands of real-world contracts; those rated Balanced or Customer-Favorable with zero deal-breaker clauses earn the TrustMark badge that signals fairness and deal-readiness to counterparties.
- **Certify™** — The internal contract intelligence engine that analyzes and benchmarks agreements on nearly 1,000 points against market standards, generating detailed reports and contract signals for sales, legal, procurement and RevOps teams.
- **TrustMark™ AI (Certify™ AI)** — The first independent AI contract certification program, launched Feb 2026. It validates AI-related contractual provisions against evolving standards across seven categories - use restrictions, transparency, data usage/ownership, security, communication, legal compliance, and best-practice commitment - and awards an AI compliance badge.
- **Screens** — A first-of-its-kind marketplace (launched 2024) where lawyers and contract experts could build and sell their own contract-review AIs. The Screens technology was acquired by Agiloft in 2025.

## Achievements

- Raised an oversubscribed $5M seed round co-led by NFX and Ground Up Ventures (2022).
- Built a benchmarking dataset spanning thousands of real-world B2B contracts.
- Launched Screens, the world's first marketplace for lawyers to build and sell contract-review AIs (2024).
- Screens technology acquired by Agiloft (2025).
- Launched TrustMark AI (Feb 2026), the first independent certification for AI contract terms, with HubSpot, Atlassian, DocuSign, Webflow and Hyland as founding partners.
- Adopted by 3,000+ businesses to benchmark and certify contracts.

## Latest updates

- **2026-02** — Launched TrustMark AI (Certify AI), the first independent AI contract-terms certification, with HubSpot, Atlassian, DocuSign, Webflow and Hyland as founding partners.
- **2025-04** — Olga V. Mack named CEO, succeeding co-founder Otto Hanson, who moved to a board role.
- **2025-01** — Agiloft acquired TermScout's Screens marketplace technology; Otto Hanson joined Agiloft.
- **2024-01** — Launched Screens, a marketplace for lawyers to build and sell contract-review AIs.
- **2022-05** — Closed an oversubscribed $5M seed round co-led by NFX and Ground Up Ventures.

## Links

- Website: https://termscout.com
- LinkedIn: https://www.linkedin.com/company/termscout
- Twitter/X: https://twitter.com/termscout
- YouTube: https://www.youtube.com/@termscout
- Instagram: https://www.instagram.com/termscout/
- Facebook: https://www.facebook.com/TermScout/

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Profile page: https://yespress.io/termscout
Published by YesPress — https://yespress.io
Last updated: 2026-07-02