Superlegal, a NYC-based provider of an AI platform for legal contract review for small and medium-sized businesses, raised $5M in Seed funding.
The round was led by Aleph and Disruptive AI fund, with the participation of Alicorn Venture Capital, and Tom Glocer, the former CEO of Thomson Reuters.
The company, which received a grant from the Google AI Startups Fund, intends to use the funds to expand operations and its development efforts.
Founded by Noory Bechor and Ilan Admon, Superlegal offers a comprehensive SaaS platform that is AI-powered and lawyer-verified and is designed to help SMBs handle their contracts, as well as accurately review and advance contracts without relying on a legal department or outside legal counsel. Its patented AI contract review engine was trained using data from legal organizations and includes algorithms designed specifically for legal language.
Commenting on the news, Noory Bechor said: “This investment from three industry-leading VCs with deep passion and expertise in AI serves as a robust validation of our vision and dedication to ensuring that small and medium-sized businesses can access, afford, and adopt the same AI technologies as enterprises. With this funding, we can expedite our growth trajectory and sustain our commitment to innovation, while leveling the playing field between small and large businesses.”
FinSMEs
22/05/2024