Ross Intelligence, a US and Canada-based artificial intelligence driven company operating in the legal industry, raised $8.7m in Series A funding.
The round was led by iNovia Capital with participation from Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Dentons’ NextLaw Labs, Kima Ventures and Apple’s deep learning lead, Nicolas Pinto.
The company intends to use the funds to continue to expand its current offerings into other practice areas (with Labor & 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.
Founded in 2015 by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, Ross Intelligence enables lawyers to increase productivity via an AI technology platform that can read and answer questions about the law, allowing them to enhance and scale their services.
Clients include law firms such as Latham & Watkins, Dentons, Shearman & Sterling, Sidley Austin, Bryan Cave, Carlton Fields, Sedgwick, Kobre & Kim, BakerHostetler, K&L Gates, Fennemore Craig and Womble Carlyle.
The company, which operates out of Toronto, San Francisco, and New York, has also added enterprise sale executive Scott Sperling, WeWork’s former Head of Sales, to Vice-President of Sales role, and Daniel Rodriguez, legal education veteran and outgoing Dean of Northwestern Pritzker School of Law, as an advisor.