As predicted by Artificial Lawyer’s advanced AI-powered News Story Prognosticator, today (March 1) has been a very busy day for legal tech announcements. And here is one more – Zero, a billable time tracking system, has bagged $12m in its Series A round. It also helps with email filing and automating related admin tasks.
Taking a similar line to Time By Ping (see earlier story today), fellow US company Zero highlighted that: ‘An estimated 30% of knowledge workers’ time is wasted on administrative tasks, and enterprises are seeking new ways to reduce waste and become more productive.’
Gevorg Karapetyan, CTO and co-founder of Zero, explained why what they offer is better than looking at your watch and then using an Excel spreadsheet: ‘Zero’s technology sits upon and optimises existing legacy systems. It provides a secure layer of automation that runs in the background, using autonomous virtual agents to mimic human decision-making in high-value, repetitive processes like information prioritisation and data classification.
‘This automated intelligence sits on billing, email, and document management systems, enabling organisations to increase productivity and accuracy at the user and firm-wide level.’
The funding was led by Streamlined Ventures with participation from 468 Capital, AltaIR Capital, PBJ Capital, Gutbrain Ventures, s16vc, AiSprouts VC, Paul Grewal, and others. Zero has clients among the Am Law 200 firms, accounting firms, and financial services companies.
Alex Babin, CEO and co-founder of Zero, concluded: ‘The message that knowledge workers feel they have been ignored when it comes to the time and resources needed to accomplish basic job tasks has been coming through loud and clear.
‘ZERO is on a mission to improve knowledge workers’ productivity through the application of automation technologies and our recent round of funding provides further industry validation concerning the significant advancements we’ve achieved with our productivity automation platform.’
(N.B. How the AL News Story Prognosticator works remains a closely guarded secret.)