Source: Inc42 Media
AI-powered legal tech startup jhana.ai raised $1.6 Mn in its ongoing maiden funding round, led by Freshworks cofounder Girish Mathrubootham’s venture capital firm Together Fund.
The round also saw participation from angel investor Shyamal Anadkat, former VMWare executive Scott Davis, Razorpay cofounders Harshil Mathur and Shashank Kumar, CRED’s Kunal Shah and angel investors Cory Levy and Ojas Shukla.
The fresh capital will be utilised to develop proprietary datasets and AI models. A portion of the funds will also be deployed to hire researchers across both law and AI domains.
Together Fund managing partner Manav Garg said, “jhana’s AI-driven paralegal solution has the potential to transform how legal professionals operate, enhancing efficiency and accessibility within the domestic market. We look forward to partnering with the team as they continue to redefine the future of legal support.”
The startup’s AI Paralegal product leverages AI to read files and produce output such as citations, advisories, and memos for lawyers and law firms. Meanwhile, another offering called Document Intelligence reviews documents to flag risks, suggests edits, identifies deviations from standard practice, among others.
Read the full article: https://inc42.com/buzz/jhana-ai-bags-funding-to-build-an-ai-powered-research-drafting-tool-for-lawyers/
