TLDR:
- Superlegal, a NYC-based AI platform for legal contract review, 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.
Superlegal, a provider of an AI platform for legal contract review for small and medium-sized businesses, has 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 also received a grant from the Google AI Startups Fund, plans to use the funds to expand operations and its development efforts. Superlegal, founded by Noory Bechor and Ilan Admon, offers a comprehensive SaaS platform that is AI-powered and lawyer-verified. The platform is designed to help small and medium-sized businesses handle their contracts, as well as accurately review and advance contracts without relying on a legal department or outside legal counsel. Their patented AI contract review engine was trained using data from legal organizations and includes algorithms designed specifically for legal language. Noory Bechor, Co-founder of Superlegal, noted that the investment from industry-leading VCs validates their vision and dedication to ensuring that SMBs can access and adopt AI technologies. He also mentioned that with this funding, they can accelerate their growth trajectory and sustain their commitment to innovation, leveling the playing field between small and large businesses.
