LegalMation, a Los Angeles, CA-based developer of an AI/Machine Learning platform tools for law practices, raised a funding round of undisclosed amount.
Backers included REV Venture Partners (the venture capital arm of RELX Group, parent company of LexisNexis), Relativity, and Bridge Investments (co-led by Michael Suchsland—former president of Thomson Reuters’ legal business unit), and Key Venture Partners (headed by Vance Opperman—former president of West Publishing Company now part of Thomson Reuters).
The company intends to use the funds to continue to expand operations and its business reach.
Launched in the Spring of 2018 and led by James M. Lee, CEO, LegalMation builds and develops next generation AI/Machine Learning platform tools for the law practice of the future as well as pleading and discovery AI applications and a litigation analytics platform to improve how cases are handled, assigned, settled, valued, and resolved.
LegalMation® is currently used by both corporate legal departments and law firms, including Walmart and Ogletree Deakins, and several national insurance carriers.