a year ago

Definely Raises $7 Million to Boost AI Legaltech and US Expansion

  • Definely, an AI-powered legaltech startup backed by Microsoft and Google, has raised $7 million in Series A funding led by Octopus Ventures

  • The company plans to use the funds to build out more AI-based products and expand its US operations

  • Definely offers a suite of AI-powered tools for lawyers, including drafting, proofreading, and PDF scanning, and has 40,000 active users across the globe

  • The company is also exploring the use of natural language processing and generative AI to help link queries across multiple documents, and is using Mistral's AI model to train its software for multilingual document handling.

    • ProblemTechnology Infrastructure

      "Lawyers spend a lot of time reading and editing documents, which is tedious and time-consuming."

      Solution

      "Definely's AI-powered software helps lawyers understand and edit documents more efficiently by automating tasks like drafting, proofreading, and cross-referencing information."

      Covered on