Reviewing the contract remains a slow process and a manual cycle damage the legal teams, forcing lawyers to search for a dense language, the dangers of science, and translate legal terms.
In fact, the problem is so prevalent that during the past few years, it is based on Tokyo Legalon techniques He had an open door for this market: The artificial intelligence contract for legal teams today is used by 7,000 organizations across Japan, the United States and the United Kingdom, as the company claims, and leads the Japanese market, with 25 % of all public companies in the country using its platform.
AI Legalon contract review tool, reviewIt defines risks and suggests modifications based on play lists built by lawyers, and legal standards for each customer. The company claims to review review times by up to 85 % while improving quality and accuracy.
Success did not hide Legalon’s aspirations, however. The company now wants to increase the construction of artificial intelligence agent tools to match its programs, and recently raised $ 50 million to do so.
The financing round of the series C is led by the Goldman SACHS growth box, and witnessed the participation of the current Investor World Innovation Lab Lab. New investors, Morey Hama and Matsumoto (a law firm in Japan), and the Mizuho and Choco Chokin Bank.
While a lot of new funds are allocated to develop more products of artificial intelligence agent, the company also enhances its market efforts in the United States and the United Kingdom, where it says its business has declined over the past year.
Legalon refused to reveal her evaluation.
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Nozomu Tsunoda and Masataka Ogasawara were established in 2017, which were founded by former companies in companies, in 2017, to address the tasks consumed by time before and after the contract review process, such as organizing legal applications and contracting contract management.
According to Daniel Lewis, CEO of Global Legalon, the company promotes the legions of emerging companies in the field of legal technology using artificial intelligence thanks to its institution in the legal legal content made of lawyers. He says this rule is legally made unlike other user -based tools to create bases from zero point, or use Amnesty International General Models that lack the accuracy required for legal work.
“Our approach ensures that contract reviews are in line with real legal standards, which makes production more accurate, consistent and practical for legal teams. In addition, we have more than 50 players to play from lawyers, and smooth integration in the current workflow, and our solution works on the first day,” said Louis.
Only last week, the start of the start of another tool: Management Management Legal teams help to track the contract requests, appoint the owners, communicate matters to the individuals and documents concerned, and cooperate with other departments.
The company has also introduced a non -ownership technical partnership with Openai, which allows Legalon access to advanced large language models at Chatgpt Maker.
“It is a technical cooperation,” Louis explained. “It gives us early access to their latest models, and puts our engineers to work alongside [AI] Agents use great technology, but the ability to influence our legal content and experiences. “
The artificial intelligence revolution proves that it is the huge wind of emerging companies in the field of legal technology all over the world. In June, Harvey AI received $ 300 million of funding from the E series, which prompted his evaluation to $ 5 billion, and last year, Clio also raised $ 300 million, as it reached an evaluation of $ 3 billion.
But even with the transformation of obstetric artificial intelligence into the transformation of the legal industry, Lewis does not believe that it will replace the lawyers. “The state of technology was not yet, and the replacement of lawyers is not even our vision,” he said. “Lawyers are still in the driver’s seat. Things that Amnesty International cannot do today, by definition, things that people only can do. The lawyers who tend to this responsibility – to supervise, to amend, to practice the ruling – are the ones who see the most unusual financial lever from artificial intelligence at the present time.”
Series C reach the total Legalon capital to more than $ 200 million. Among its investors are Softbank Vision Fund, HSG (previously known as Sequoia Capital China), JAFCO and MUFG Bank.









