DecoverAI, a Washington, D.C.-based legal technology company, has raised $2 million in seed funding.
Investors
The round was led by Leo Capital, with participation from other prominent investors.
Leo Capital is a venture capital firm that invests in groundbreaking startups across various sectors, focusing on technology-driven innovation. They are dedicated to supporting visionary entrepreneurs and companies with the potential to disrupt industries and create lasting impact.
DecoverAI Use of Funds
The company will use the funds to accelerate the development and deployment of its innovative technologies. The funds will be allocated to enhance AI capabilities, expand product features, grow its teams, and invest in marketing and sales efforts to bring its solutions to a wider audience.
About DecoverAI
Founded in 2024, DecoverAI is a legal technology company focused on delivering AI-driven solutions to enhance the efficiency and effectiveness of legal professionals. By integrating advanced AI with legal workflows, DecoverAI is setting new standards in the industry and driving the future of legal technology. Their goal is to build a comprehensive "Legal Brain"—an intelligent AI system that encompasses the capabilities needed for real-world legal workflows, including discovering evidence, conducting research, and generating various strategies for narratives to assist legal professionals. Its mission is to empower legal professionals with the tools they need to achieve better outcomes, faster.
Funding Details
Company: Decover HQ, Inc.
Raised: $2.0M
Round: Seed Round
Funding Month: July 2024
Lead Investors: Leo Capital
Additional Investors:
Company Website: https://www.decoverhq.com/
Software Category: Legal
Source: https://www.prnewswire.com/news-releases/decoverai-raises-2m-to-revolutionize-legal-technology-with-legal-brain-and-generative-defense-302209278.html