27 March 2017 at 11:24 BST

AI interest high with $12M Casetext investment

Casetext has closed its series B funding round at $12 million demonstrating the continued fascination with artificial intelligence applications in the legal sector.

Casetext is a legal research platform where the company leverages AI as part of its premium service, CARA (Case Analysis Research Assistant), to find cases that are relevant to briefs. The company said that since its founding in 2013 Casetext has whipped up the interest and business of an impressive number of the country’s top firms, including DLA Piper, Fenwick & West, Ogletree Deakins and Greenberg Traurig.

One of the biggest

This level of funding marks one of the bigger investments in legal technology. Leading the investment round was Canvas Ventures, whose partners have also invested in Evernote and Siri. Other investors included Red Sea Ventures, Union Square Ventures and 8VC.

 
   
 
 
 

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