Blue J Legal, a Toronto, Canada-based machine learning and artificial intelligence legal service, raised US$7m in a Series A financing.
The round was led by Relay Ventures, with participation from LDV Partners, and returning investors Mistral Venture Partners and BDC Capital.
The company intends to use the funds to establish its presence in the U.S. market, expand and enhance its product suite, and grow its go-to-market and product development teams.
Incepted in 2015 and led by Benjamin Alarie, CEO, Blue J Legal uses machine learning and artificial intelligence to make the law more transparent and accessible, save users hours of time and offer answers in challenging circumstances. Over the past two years, the company has signed on more than 100 clients for its Tax Foresight and Employment Foresight products including Osler, Hoskin & Harcourt LLP, Fasken, Gowling WLG, Miller Thomson LLP, and Collins Barrow.
While its initial focus is on tax and employment law, the technology is versatile and is being extended to cover other areas of law in the U.S., Canada, and around the world.
Blue J Legal currently has more than 30 employees.
FinSMEs
29/11/2018