$5 million in seed investment was received by Superlegal, an AI platform for legal contract review service provider for small and medium-sized enterprises located in New York City.
Investors
- Aleph
- The Disruptive AI
- Tom Glocer, the former CEO of Thomson Reuters
- Alicorn Venture Capital
Use of funds
The business plans to utilize the money it received as a grant from the Google AI Startups Fund to grow both its operations and research and development.
“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. We can level the playing field for small and big firms while accelerating our growth trajectory and maintaining our commitment to innovation with the help of this money.”
Noory Bechor
About Superlegal
Superlegal is a SaaS platform that is AI-powered and lawyer-verified. It was founded by Noory Bechor and Ilan Admon with the goal of assisting small and medium-sized businesses (SMBs) in managing their contracts. The technology allows SMBs to correctly analyze and advance contracts without the need for outside legal advice or a legal staff. Its proprietary artificial intelligence (AI) contract review engine has algorithms created especially for legal terminology and was trained using data from legal organizations.