Legaltech
AI Paralegal Startup Jhana Raises $1.6 Million in Seed Round
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ByStartupStory | September 25, 2024
Jhana, a cutting-edge legal-tech startup specializing in AI-powered legal assistants, has successfully raised $1.6 million in a seed funding round. The round was led by Girish Mathrubootham, founder of Freshworks, and Manav Garg, founder of Eka Software, through their VC fund, Together Fund.
The funding round attracted several high-profile investors, including Shyamal Anadkat of OpenAI, Scott Davis from VMWare, Kunal Shah, founder of CRED, Harshil Mathur and Shashank Kumar, the co-founders of Razorpay, Cory Levy, founder of First Text, Z Fellows, and After School, along with Ojas Shukla.
In a press release, the company stated, “Additional funds are expected from Indian investors, with the complete round to be publicly disclosed soon.”
Jhana, founded in 2021 at Harvard University, aims to revolutionize the legal industry by providing AI-driven legal assistants that help lawyers, law firms, and in-house legal teams streamline their research and document review processes.
The company plans to use the newly acquired capital to further develop its proprietary legal datasets and models, while also expanding its team with researchers specializing in law and artificial intelligence.
Jhana’s AI paralegal solutions allow users to generate legal outputs—such as propositions, citations, and detailed memos—through natural language inputs. The system pulls from a robust proprietary database containing over 15 million case law records, statutes, academic sources, and web-based references, ensuring comprehensive and accurate legal research.
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