DecoverAI, a trailblazing legal technology company, has successfully secured $2 million in seed funding. The round was led by Leo Capital, with participation from other prominent investors, marking a significant milestone in DecoverAI’s mission to revolutionize the legal industry through advanced AI solutions.
The company is in the process of developing a comprehensive “Legal Brain” – an Intelligent AI system designed to streamline real-world legal workflows. This cutting-edge system integrates capabilities such as evidence discovery, legal research, and strategy generation, providing a seamless and integrated experience for legal professionals. DecoverAI’s flagship technology, Generative Defense, aims to elevate the practice of law by automating complex legal analysis and enabling legal professionals to craft compelling defense strategies with unprecedented efficiency.
Janar Ramalingam, DecoverAI’s CTO, who previously built authentication systems used by over 1 billion people at Yahoo, leads the technical team. Under his leadership, the development of the “Legal Brain” and Generative Defense is set to bring transformative changes to the legal sector.
The $2 million raised will be utilized to accelerate the development and deployment of DecoverAI’s innovative technologies. The funds will enhance the ‘Legal Brain’ capabilities, expand generative defense, grow the engineering and customer success teams, and invest in marketing and sales efforts.
Ravi Tandon, CEO of DecoverAI, expressed his excitement about the funding, stating, “We are incredibly excited about the potential of DecoverAI to revolutionize the legal industry. Our goal is to empower the best attorneys in the fraternity with the immense power and capabilities of large language models, enabling them to significantly uplevel themselves against their competitors. This funding will allow us to take significant strides towards realizing this vision and making a real difference for legal professionals.”
Kevin Van Horn, COO and CRO of DecoverAI, added, “DecoverAI’s Generative Defense is a game-changer for the legal industry. It represents the next generation of legal technology, providing tools that were previously unimaginable. We are thrilled to have the support of our investors as we embark on this journey.”
Ravi Srivastava, Partner at Leo Capital, commented on their investment in DecoverAI, saying, “Leo Capital is proud to support DecoverAI in their mission to transform the legal landscape. The innovative approach of creating a ‘legal brain’ and pioneering Generative Defense sets DecoverAI apart in the legal tech space. We are confident that this technology will drive significant improvements in how legal professionals work.”
Startup Story Entrepreneur Awards 2024 – Celebration of entrepreneurial excellence and a recognition of outstanding achievements in the business world.
The Startup Story Entrepreneur Awards will recognize the best and brightest in entrepreneurship.
Free nominations are open. Nominate Now!