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Zurich-based DeepJudge, a authorized AI startup, introduced on Tuesday, June 18, that it has secured $10M (roughly €9.3M) in an oversubscribed seed funding spherical led by Coatue, with participation from notable angel buyers reminiscent of Gokul Rajaram, Michele Catasta, and others.
The Swiss firm will use the funds to speed up its growth to boost group and infrastructure.
Many legislation corporations and authorized departments depend on curated paperwork as their predominant supply of institutional data, together with authorized briefs, settlement templates, and clause libraries.
Whereas curated archives are worthwhile, they will’t deal with all challenges.
Because of this, a complete search perform is essential for locating distinctive client-specific language variations.
AI-powered search presents new potentialities, reminiscent of figuring out traits and enterprise alternatives throughout the consumer base.
Right here’s the place DeepJudge steps in.
The Swiss firm goals to make authorized groups extra knowledgeable and proactive, envisioning real-time alerts for rising apply points.
DeepJudge: Serving to authorized professionals with data administration
Based in 2021 by Paulina Grnarova, Yannic Kilcher, and Kevin Roth, DeepJudge is an AI-powered Information Search that helps authorized professionals immediately find related content material throughout the enterprise, together with doc administration techniques, the Microsoft 365 ecosystem, and different instruments.
The corporate’s proprietary search expertise utilises intent-based, permission-aware rating to ship probably the most correct search outcomes for authorized paperwork.
The Information Search comprehensively ingests work merchandise, briefs, memos, consumer communication, and different doc sorts in all widespread file codecs and makes them out there in a single, unified interface.
The corporate additionally supplies a DeepJudge Information Assistant, a generative AI interface for legislation corporations and authorized departments powered by the institutional data contained inside all of a agency’s paperwork.
DeepJudge Information Assistant makes use of Retrieval-Augmented Era (RAG) expertise to offer probably the most related, up-to-date data, guaranteeing high-quality solutions are grounded in every organisation’s complete inner data base.
The investor
Primarily based out of New York, Coatue invests in private and non-private fairness markets specializing in the expertise, media, and telecommunications industries.
“DeepJudge is likely one of the first merchandise on a mission to empower authorized groups to harness their inner knowledge to make strategic choices. From a expertise standpoint, we’re impressed by DeepJudge’s strategy to fixing knowledge retrieval, which we consider is essential to attaining high-quality generative outcomes. We’re excited to help DeepJudge as they search to realize traction within the authorized trade and develop their consumer base,” says, Caryn Marooney, Common Companion at Coatue.
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