Ex Parte, a Bethesda, MD-based provider of a data-driven decision-making platform in the field of law, raised $7.5M in Series A funding.
The round was led by R8 Capital, and Ironbound Partners with participation from Jeong Kim (executive chairman, Kiswe Mobile & former president, Bell Labs); Viet Dinh (chief legal & policy officer, Fox); Craig Coben (co-head global capital markets & former vice-chairman, Bank of America Merrill Lynch); Allen Morgan (founder & CEO, Idealab NY); Auren Hoffman (CEO, SafeGraph); Mark Ein (CEO, Venturehouse Group); Keith Lemer (CEO, WellNet); Thomas Spahr (president, Libra Ventures); Wolf Ruzika (chairman, EastBanc Technologies); Brett Bossung (co-founder, Silverpeak); Richard Wiedis (partner, Diaz, Reus & Targ); and Gregory Lubar (vice chairman, JLL).
The company intends to use the funds to expand its engineering team and invest in sales and marketing initiatives to further scale new customer growth.
Led by CEO Jonathan F. Klein, Ex Parte provides a software-as-a-service (SaaS) legal-tech platform that uses artificial intelligence and machine learning to predict the outcome of litigation and to recommend actions that customers can take to optimize their odds of winning. The company’s patented Prediction Engine™ forecasts the outcome of cases, and its patented Recommendation Engine™ generates data-driven recommendations such as whether to litigate or settle, which claims to assert, where to file or defend a lawsuit, and which attorneys and law firms will provide customers with their best chance of success given their case-specific factors.
Customers and prospects include corporations, hedge funds, law firms, insurance companies, litigation finance firms, and universities.
FinSMEs
01/03/2022