Seattle legal tech startup Clearbrief is raising more cash to boost its technology aimed at helping lawyers find, summarize, and verify facts for cases.
Clearbrief’s software, which works inside of Microsoft Word, uses natural language processing and AI to scan through supporting evidence and instantly generate hyperlinked timelines, exhibits for filing, tables of authorities, fact sections, and more.
The software can also catch mistakes or fake cases cited in litigation documents.
Clearbrief serves hundreds of law firms across the world, including large global organizations. Microsoft’s in-house legal teams also use Clearbrief.
“We’re seeing exponential pipeline growth as more firms are hearing from users that we have a truly useful product for litigators,” Clearbrief CEO and founder Jacqueline Schafer told GeekWire.
Schafer is a former litigator who served as an assistant attorney general in Washington and Alaska. Her industry experience revealed the administrative inefficiencies for both lawyers and judges.
Jose Saura, who previously spent two decades at Microsoft, is Clearbrief’s chief technology officer.
Authentic Ventures, How Women Invest, and Reign Ventures led the latest round, which also included participation from an investment fund affiliated with law firm Wilson Sonsini.
Clearbrief, which launched in 2020, previously raised $3.5 million in 2021. Other investors include Sequoia, Madrona Venture Group, and several veteran tech executives.
Legal tech startups have pulled in $356 million so far this year, down slightly compared to last year, according to Crunchbase.
https://ift.tt/OXlu3Ss June 26, 2024 at 02:00PM GeekWire
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