Global legal AI company Jus Mundi announced the launch of Jus AI, its research and productivity assistant for global legal professionals. The company has also secured €20 million (US $22 million) in Series B funding, one of the largest rounds of funding for a European legal tech company.
This funding round was led by Germany-based Acton Capital and Singapore-based True Global Ventures, with participation from historic investors France-based C4 Ventures and US-based FJ Labs. And the funding will support R&D efforts to further develop its AI and expand beyond the 80 countries in which Jus Mundi currently has a presence.
Jus AI will enable Jus Mundi, a unique law and arbitration database, to transform the legal workflow of global legal professionals by making access to its unique content more convenient and efficient.
Jus AI has been piloted over several months, with more than 20 clients participating in the exclusive Jus AI Acceleration Program; they include DLA Piper, Reed Smith, Clyde & Co, Greenberg Traurig, Yulchon and Bredin Prat and have reported a doubling of productivity across legal research, analysis, drafting and translation tasks.
Over 70 partnerships with legal institutions around the world fuel Jus AI’s research, drafting and translation capabilities. And users’ insights remain private as Jus AI is designed to adhere to strict confidentiality standards.
KEY QUOTES:
“Jus AI’s sophisticated, multilingual capabilities enhance collaboration and include timely natural language responses to queries; reliable input backed by citations to informational sources; and a suite of tools that includes legal document summarization, translation and drafting to enhance efficiency.”
“Designed for legal research and increased productivity across jurisdictions, Jus AI can analyze documents uploaded by users and perform professional search sourced from Jus Connect’s thousands of data-backed profiles.”
“Acton Capital’s extensive experience in the legal tech space and True Global Ventures’ experience and expertise in AI and growing global unicorns will help Jus Mundi establish itself as the global leader in AI-based legal intelligence.”
-Jean-Rémi de Maistre, Jus Mundi CEO and co-founder
“Jus AI has significantly enhanced our efficiency, providing invaluable access to summaries of extensive decisions. It’s particularly useful when researching specific topics. By swiftly compiling relevant decisions, Jus AI has optimized our research, enabling us to focus more on strategic deliberation.”
-Rebeca Mosquera, Senior Associate, International Arbitration, Reed Smith; and President, ArbitralWomen
“Acton Capital has a proven track record in investing in legal technology innovations, which includes our investments in Clio and Henchman. We are thrilled by the tremendous value Jus Mundi already provides to its customers. Jus AI represents a sea change in how cross-border legal work is conducted, and we’re thrilled to participate in this round.”
-Acton Capital’s Managing Partner, Fritz Oidtmann
“Jus AI brings artificial intelligence technology to the legal field at scale, and our investment reflects our belief in how transformative it will be to the sector and how Jus Mundi can become a global market leader. TGV has a global presence, with a strong footprint across the San Francisco Bay Area, New York, Paris, London, Stockholm, Dubai, Singapore and Hong Kong. Our decade-plus experience in AI investments, positions us well to support Jus Mundi’s global growth plans.”
-True Global Ventures’ Founding Partner, Frank Desvignes
“As cornerstone investor in Series A, C4 Ventures is proud to support Jus Mundi and other technologies that have the potential to reshape entire industries. Jus Mundi’s vision for and execution of Jus AI will bring new AI-based innovations to an even wider global audience, further transforming the way legal professionals work.”
-C4 Ventures Partner Eric Boustouller
