LawGeex, a Tel Aviv, Israel-based provider of a Contract Review Automation platform for businesses, closed a $12m funding round.
The round, which brings total funding to date to $21.5m, was led by venture capital firm Aleph, with participation from previous investors Lool Ventures.
In conjunction with the funding, Aleph partner, Eden Shochat, will be joining the company’s board.
The company intends to use the funds to deepen its product offering, and expand its US presence following the opening of its New York office earlier this year.
Founded in 2014 by Noory Bechor and leading AI expert Ilan Admon, LawGeex provides a SaaS platform that uses AI to allow in-house legal teams to automate the review and approval of everyday contracts.
The company has customers in over 15 countries, including eBay, Farmers Insurance, Natixis and Lifetime Fitness.