Litera

Kira Systems was founded in 2011 in Toronto, Canada, by Noah Waisberg and Alma Asay to build software that identifies, extracts, and analyzes provisions in contracts and other legal documents using machine learning. The company grew out of Waisberg's experience as a corporate lawyer conducting manual due diligence review, which the software was designed to accelerate.

Kira's platform is used primarily for due diligence in mergers and acquisitions, lease abstraction, and contract analysis by law firms and corporate legal departments. Customers have included large law firms such as Latham & Watkins and corporate legal teams performing high-volume contract review. The product competes in the legal technology category alongside tools from Thomson Reuters, RELX, and other contract analytics providers.

Kira raised venture funding from investors before being acquired by Litera, a legal technology company, in a deal announced in 2021. Following the acquisition, Kira's technology was integrated into Litera's broader suite of document lifecycle and legal workflow products, and the Kira brand has continued to operate under Litera's ownership.