“Do more than humanly possible” – legal AI pioneer receives millions in funding

Print This Post

12 October 2017


Arruda: coming to the UK eventually

Leading legal artificial intelligence company ROSS Intelligence has unveiled a new $8.7m (£6.6m) funding round, some of its from Nextlaw Labs, the business accelerator backed by UK-based global firm Dentons.

It was joined by Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures and Apple’s deep learning lead, Nicolas Pinto. The money adds to the $4.3m raised in ROSS’s seed funding round, of which Nextlaw was also a part.

A little over two years old, ROSS Intelligence – based in Canada and the US – has developed AI technology that can read and answer questions about the law, streamlining legal research processes.

It says it has clients in almost every state in the US and they include Latham & Watkins, Dentons, Shearman & Sterling, Sidley Austin, Bryan Cave and K&L Gates.

The company said it would use the additional financing to expand its current offerings into other practice areas – with employment law coming next – launch new product lines outside of legal research, “accelerate product growth and innovation”, and invest in expanding sales and marketing resources.

CEO Andrew Arruda said: “Our goal is to continue to bring the power of artificial intelligence to the legal industry, allowing lawyers to enhance and scale their abilities and do more than ever before humanly possible.”

Mr Arruda told Legal Futures that the plan was eventually to bring the technology to the UK, but for the time being he was focused on the US.

He added: “This capital infusion allows us to continue our aggressive growth, continue to fill our team with fabulous hires… head into new practice areas and also start scoping out other potential product lines.”

Kai Bond, principal of Comcast Ventures Catalyst Fund, said: “We pride ourselves in identifying the companies who will bring transformative change to their verticals. ROSS Intelligence is challenging the methods of the traditional legal industry with their transformational NLP and machine learning-fueled approach.”



Leave a comment

* Denotes required field

All comments will be moderated before posting. Please see our Terms and Conditions

Legal Futures Blog

Preparing for the GDPR – What do you need to know right now?

Craig Forsyth

On 25 May 2018, the EU General Data Protection Regulation (GDPR) comes into force. That might seem like a long time, but that’s just over 100 days away at the time of writing. Actually, GDPR was adopted back in April 2016, May 2018 is the end of the two-year grace period. The GDPR brings with it a whole host of changes, and the penalties for non-compliance are higher than ever, either 4% of your annual turnover or £20m, whichever is higher. But how do you prepare? What do you need to change first? Where do you even start?

February 19th, 2018