ClaimScore, a startup that uses artificial intelligence to help detect fraudulent claims in class action lawsuits, has closed a $3.15 million seed funding round led by ROC Venture Group, a private investment firm based in Naples, Fla. Founded in 2022, ClaimScore says it is the only software product dedicated to resolving the problem of claims
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Thomson Reuters Lays Out Plan To Provide CoCounsel AI Assistant Across Every Professional Vertical It Serves
Thomson Reuters, continuing to build on its acquisition last June of Casetext and its CoCounsel generative AI legal assistant for a whopping $650 million cash, today disclosed plans to deploy CoCounsel as a single and continuous AI assistant across its entire portfolio of products spanning every professional its serves in legal, tax, risk and fraud,
Two Launches Today from vLex: A Gen AI Document Analyzer for Litigation and Transactions, and A Co-Development Lab to Help Customers Adapt AI
The global legal research company vLex today announced the launch of Vincent AI Document Analyze, a new tool in its suite of generative AI features that enables legal professionals to analyze litigation and transactional documents and surface legal and factual information that they can use in preparing a response. Also today, vLex said it has
On LawNext: How iManage Is ‘Making Knowledge Work’ for Legal Professionals, with CEO Neil Araujo
With the tagline “Making Knowledge Work,” the document management company iManage is enormously successful within the legal industry, with more than 4,000 customers across six continents, including 80% of the Am Law 100 and more than 40% of Fortune 100 companies. Just last year, it recently reported, it added more than 300 new law
Legal Tech Investment News this Week: Luminance for Contracts, Scrut for GRC, TRĒ for CRM, VXT for VoIP
It is only Wednesday, but already this week has brought news of four notable investment deals in legal tech.
Luminance
Luminance, a UK-based company that uses artificial intelligence to automate the generation, negotiation and analysis of contracts, and whose product is also used for e-discovery, has raised $40 million in a Series B funding
NetDocuments Says Its PatternBuilder MAX AI Is Its ‘Most Successful Product Launch By A Factor of 10’
In news that is perhaps an indicator of the legal industry’s interest in generative AI, the document management company NetDocuments said today that its launch of PatternBuilder MAX AI was its “most successful product launch by a factor of 10.”
From the product’s initial launch in October to early last month, the product grew to