Funding to accelerate growth of AI and R&D teams developing
Jus AI, the Generative AI research and productivity assistant for
global legal professionals
PARIS, Sept. 11,
2024 /PRNewswire-PRWeb/ -- Jus Mundi, the global legal AI company, today
announced that it will launch Jus AI, its research and productivity
assistant for global legal professionals, at IBA Mexico on
September 16. In addition, the
company has secured €20M (US $22M) in
Series B funding, one of the largest rounds of funding for a
European legal tech company. The round was led by Germany-based Acton Capital and Singapore-based True Global Ventures, with
participation from historic investors France-based C4 Ventures and US-based FJ Labs.
The funding will support R&D efforts to further develop its AI
and expand beyond the 80 countries in which Jus Mundi currently has a presence.
Jus AI's sophisticated, multilingual
capabilities enhance collaboration and include timely natural
language responses to queries; reliable input backed by citations
to informational sources; and a suite of tools to enhance
efficiency. -Jean-Rémi de Maistre, Jus Mundi CEO and
co-founder
Jus AI will enable Jus Mundi,
which offers a unique law and arbitration database, to transform
the legal workflow of global legal professionals by making access
to its unique content more convenient and efficient.
"Jus AI's sophisticated, multilingual capabilities enhance
collaboration and include timely natural language responses to
queries; reliable input backed by citations to informational
sources; and a suite of tools that includes legal document
summarization, translation and drafting to enhance efficiency,"
according to Jean-Rémi de Maistre, Jus Mundi CEO and
co-founder.
"Designed for legal research and increased productivity across
jurisdictions, Jus AI can analyze documents uploaded by users and
perform professional search sourced from Jus Connect's thousands of
data-backed profiles," he added.
Jus AI has been piloted for several months, with more than 20
clients participating in the exclusive Jus AI Acceleration Program;
they include DLA Piper, Reed Smith,
Clyde & Co, Greenberg Traurig, Yulchon and Bredin Prat and have
reported a doubling of productivity across legal research,
analysis, drafting and translation tasks.
"Jus AI has significantly enhanced our efficiency, providing
invaluable access to summaries of extensive decisions. It's
particularly useful when researching specific topics. By swiftly
compiling relevant decisions, Jus AI has optimized our research,
enabling us to focus more on strategic deliberation," said
Rebeca Mosquera, Senior Associate,
International Arbitration, Reed
Smith; and President, ArbitralWomen.
The €20M (US $22M) funding round
was closed on August 2, 2024, and de
Maistre said that funders' participation demonstrates their
endorsement of Jus AI. "Acton Capital's extensive experience in the
legal tech space and True Global Ventures' experience and expertise
in AI and growing global unicorns will help Jus Mundi establish itself as the global leader
in AI-based legal intelligence," he said.
Acton Capital's Managing Partner, Fritz
Oidtmann, added, "Acton Capital has a proven track record in
investing in legal technology innovations, which includes our
investments in Clio and Henchman. We are thrilled by the tremendous
value Jus Mundi already provides to
its customers. Jus AI represents a sea change in how cross-border
legal work is conducted, and we're thrilled to participate in this
round."
True Global Ventures' Founding Partner, Frank Desvignes, said, "Jus AI brings artificial
intelligence technology to the legal field at scale, and our
investment reflects our belief in how transformative it will be to
the sector and how Jus Mundi can
become a global market leader. TGV has a global presence, with a
strong footprint across the San Francisco
Bay Area, New York,
Paris, London, Stockholm, Dubai, Singapore and Hong
Kong. Our decade-plus experience in AI investments,
positions us well to support Jus
Mundi's global growth plans."
C4 Ventures Partner, Eric Boustouller, commented, "As
cornerstone investor in Series A, C4 Ventures is proud to support
Jus Mundi and other technologies
that have the potential to reshape entire industries. Jus Mundi's vision for and execution of Jus AI
will bring new AI-based innovations to an even wider global
audience, further transforming the way legal professionals
work."
More than 70 partnerships with legal institutions around the
world fuel Jus AI's research, drafting and translation
capabilities. Users' insights remain private; Jus AI is designed to
adhere to strict confidentiality standards.
For additional information about Jus AI, visit
https://jusmundi.com/en/jus-ai.
About Jus Mundi: Founded in 2019
and recognized as a mission-led company, Jus Mundi is a pioneer in the legal technology
industry dedicated to powering global justice through artificial
intelligence. Headquartered in Paris, with additional offices in New York, London and Singapore. Jus
Mundi serves over 150,000 users from law firms,
multinational corporations, governmental bodies and academic
institutions in more than 80 countries. Through its proprietary AI
technology, Jus Mundi provides
global legal intelligence, data-driven arbitration professional
selection and business development services.
About Acton Capital: Since 1999, Acton Capital has invested in
digital transformation worldwide with strong focus on Europe and North
America. With 25 years of investment experience and a deep
understanding of tech-enabled business models, the team has
invested over EUR 800+ million across six fund generations. For
additional information about Acton Capital, visit
https://actoncapital.com/. Follow Acton Capital on LinkedIn.
About True Global Ventures: True Global Ventures is a global
technology equity venture capital firm built by a group of serial
entrepreneurs with two actively deploying funds: TGV 4 Plus Fund
(early stage) and TGV Opportunity Fund (late stage). TGV has a
solid track record of investing its own money, together with
Limited Partners, into tech ventures run by serial entrepreneurs.
Portfolio companies leverage blockchain and artificial intelligence
(AI) as competitive advantages to drive change with proven
products. For additional information about TGV, visit
www.tgv4plus.com. Follow TGV on LinkedIn and X. For additional
information, email info@trueglobalventures.com.
About C4 Ventures: C4 Ventures, a leading European venture
capital fund, has invested in over 50 technology startups since
2014, nine of which have become unicorns. C4 Ventures is part of C4
- an entrepreneurial platform founded in 2004 by Pascal Cagni, whose sole mission is to support
entrepreneurs and accompany them on their journey.
Media Contact
Lauren
Schiffman, Jus Mundi, 1
415-684-8080, lauren@pressfriendly.com, https://jusmundi.com/en
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SOURCE Jus Mundi