Source: Silicon Canals
By Vishal Singh
London-based Orbital Witness, a part legaltech, part proptech startup, announced on Friday that it has secured £7.5M (approximately €8.63M) in a Series A round of funding.
The startup uses generative artificial intelligence (AI) to improve the property-buying process, relieving attorneys and their clients of time-consuming paperwork.
The round was led by proptech investor Parker89 and joined by LocalGlobe, Outward VC, Seedcamp, Portfolio Ventures, and Realty Corporation.
About Orbital Witness
After seeing first-hand how much paperwork lawyers are required to handle during a property transaction, Will Pearce founded Orbital Witness with Ed Boulle in 2018. The startup uses machine learning and AI to alter the legal processes in property transfers.
It assists attorneys and property experts in dealing with the labour-intensive and regulated ‘diligence’ procedure that dates back to the Victorian period and carries property due diligence into the 21st century…
Read full article: https://siliconcanals.com/crowdfunding/orbital-witness-raises-8-6m/
