Dioptra Launches ‘PromptIQ’ For High Accuracy Contract Review

Dioptra, the New York-based legal tech startup which until now has kept a low profile, has launched PromptIQ to improve contract review accuracy. In a nutshell it allows you to turn feedback on review performance into sophisticated prompts the tool can benefit from, thereby pushing up accuracy levels.

I.e. most lawyers will want to refine the way a genAI review tool works, but with this tool that feedback is turned into a sophisticated prompt that will engage more productively with the LLMs Dioptra uses, thereby allowing the ….let’s call it the ‘corrective feedback loop’ to improve.

Here’s a short video, made by Dioptra, but which has been re-formatted by this site. Press Play to watch inside the page.

Dioptra video, 2024, Reformatted by AL TV.

The company said its total offering includes:

– ‘Customizable AI Agents: Legal teams can self-serve high-accuracy redlines tailored to their specific contract positions and business needs.

Effortless Iteration: With just a handful of feedback instances, PromptIQ helps teams iterate on their playbook rules, refining them to be more specific and AI-understandable.

Continuous Improvement: The AI agent learns and improves over time, ensuring that the quality of redlines becomes increasingly precise with each use.

Accuracy at Scale: Dioptra has cracked the code on scaling accuracy, ensuring that AI-assisted reviews are consistently reliable.

User Empowerment: By providing tools directly to users, legal teams gain control over the AI’s performance without the need for extensive training or technical expertise.

Tailored Solutions: Recognizing that no two businesses are the same, PromptIQ allows for customization that other legal AI tools can’t match.’

And here are some use cases that Dioptra is currently working on:

So, there you go. And it’s worth mentioning that the head of innovation at one of America’s most innovative law firms said a few months ago that Dioptra was his contract review tool of choice, given its focus on improving accuracy.

Pierre Arnoux, CEO at Dioptra, commented: ‘PromptIQ is a game-changer for legal teams seeking real ROI from AI. By making accuracy our starting point, we’ve developed AI that legal professionals can truly trust. We’re excited to offer PromptIQ because it allows our customers to focus on strategic, high-value work, while the AI handles the complexities of applying the playbook rules to the redlining process and its own continuous improvement.’

Is this a big deal? Well, accuracy is everything when it comes to use cases like reviewing a contract versus a playbook. So, any approach that helps to drive up better performance is welcome.

It’s also the beginning of a new stage of growth for the company, which was part of the Y Combinator cohort of 2022, as it now becomes more open about what it can do. Artificial Lawyer is looking forward to seeing how Dioptra grows.