WASHINGTON, July 30,
2024 /CNW/ -- DecoverAI, a pioneering legal
technology company, is excited to announce that it has raised
$2 million in seed funding, led
by Leo Capital, with participation from other prominent
investors. This funding marks a significant milestone in
DecoverAI's mission to transform the legal industry through
cutting-edge AI solutions.
Introducing DecoverAI
DecoverAI Raises $2M to Revolutionize Legal Technology with "Legal
Brain" and Generative Defense
At DecoverAI, we harness the power of AI to save legal
professionals time and money, addressing systemic flaws in both
civil and criminal litigation that often result in widespread
injustice. Our goal is to build a comprehensive "Legal Brain" - an
Intelligent AI system that encompasses the capabilities needed for
real world legal workflows, including discovering evidence,
combining that with research and even generating different
strategies for narratives to assist legal professionals. This
includes eDiscovery, legal research, and case strategy
development, providing a seamless and integrated experience. Under
the technical leadership of Janar
Ramalingam, our CTO, DecoverAI's flagship
technology, Generative Defense, is set to elevate the practice
of law by automating complex legal analysis and enabling legal
professionals to craft compelling defense strategies with
unprecedented efficiency.
A New Era for Legal Research and eDiscovery
One of DecoverAI's standout features is its ability to query
several million documents or several terabytes of data
simultaneously, providing legal professionals with rapid and
comprehensive access to vast amounts of data and analytics. This
capability is a game-changer for general counsels and law firms of
all sizes, from boutique practices to the largest AmLaw 200 firms,
as well as for plaintiffs seeking to leverage advanced technology
for their cases. By offering a scalable solution that meets diverse
needs, DecoverAI is positioned to become an indispensable tool
across the entire legal industry.
Mission and Vision
At DecoverAI, our mission is to empower legal professionals with
the tools they need to achieve better outcomes, faster. At
DecoverAI, we envision a world where legal teams will be augmented
with human-like intelligence served by smart AI-assisted
platforms.
Lawyers handling both criminal defense and civil litigation will
be able to harness the power of thousands of associates with
perfect memory at their fingertips at a fraction of the cost of
what it costs today.
Funding Utilization
The $2 million raised will be used
to accelerate the development and deployment of our innovative
technologies. The funds will be allocated to enhance our AI
capabilities, expand product features, grow our teams, and invest
in marketing and sales efforts to bring our solutions to a wider
audience.
Quotes from Leadership and Investors
"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," said Ravi Tandon, CEO of DecoverAI. "This funding
will allow us to take significant strides towards realizing this
vision and making a real difference for legal professionals."
"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,"
added Kevin J. Van Horn, COO
& CRO of DecoverAI.
"DecoverAI's proposition is perfectly aligned with Leo Capital's
focus on supporting tech-centric global solutions designed for
large-scale disruption. As legal disputes increase, the burden on
lawyers and judicial systems worldwide has become overwhelming,
making it essential to harness the power of AI to transform legal
workflows in a highly targeted way. DecoverAI's proprietary
'Generative Defense' is a groundbreaking solution that is poised to
be transformative for law firms of all sizes,"
said Ravi Srivastava, Partner
at Leo Capital.
About DecoverAI
Founded in 2024, DecoverAI is a Washington, D.C.-based legal technology
company focused on delivering AI-driven solutions to enhance the
efficiency and effectiveness of legal professionals. By integrating
advanced AI with legal workflows, DecoverAI is setting new
standards in the industry and driving the future of legal
technology.
About Leo Capital
Leo Capital is a venture capital firm that invests in
groundbreaking startups across various sectors, with a focus on
technology-driven innovation. Leo Capital is dedicated to
supporting visionary entrepreneurs and companies that have the
potential to disrupt industries and create lasting impact.
Contact Information:
Kevin J. Van Horn
Chief Operating Officer & Chief Revenue Officer
DecoverAI
Email: info@decoverhq.com
For more information, visit DecoverAI's website.
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