DecoverAI, a pioneering legal technology company, announced that it had raised $2 million in seed funding, led by Leo Capital, with participation from other notable investors. This funding round marks a significant milestone in DecoverAI’s goal of transforming the legal industry through cutting-edge AI solutions.
At DecoverAI, the company harnesses the power of AI to save legal professionals time and money, addressing systemic flaws in civil and criminal litigation that often result in widespread injustice. The company’s 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. And with the technical leadership of CTO Janar Ramalingam, 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.
One of DecoverAI’s standout features is the ability to query several million documents or several terabytes of data simultaneously, offering legal professionals with rapid and comprehensive access to wide amounts of data and analytics.
And this feature is a game-changer for general counsels and law firms of all sizes, from boutique practices to the largest firms, along with the plaintiffs seeking to leverage advanced technology for their cases.
DecoverAI is prepared to become an indispensable tool across the legal industry by offering a scalable solution that meets diverse needs.
At DecoverAI, the goal is to empower legal professionals with the tools they need to achieve better outcomes, faster. And at DecoverAI, the company envisions a world where legal teams will be augmented with human-like intelligence served by smart AI-assisted platforms.
Lawyers handling 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 what it costs today.
The $2 million raised will accelerate the development and deployment of our innovative technologies. These funds will be allocated to enhance AI capabilities, expand product features, grow the teams, and invest in marketing and sales efforts to bring our solutions to a wider audience.
KEY QUOTES:
“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.”
— Ravi Tandon, CEO of DecoverAI
“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.”
— 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.”
— Ravi Srivastava, Partner at Leo Capital
