Jus Mundi has gained $22m in a Series B funding round and is to formally launch Jus AI, the arbitration-focused startup’s legal assistant (see AL TV Product Walk Through, which profiled it earlier, below).
The round was led by Acton Capital and 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 which Jus Mundi currently covers.
Meanwhile, Jus AI will enable Jus Mundi, which offers a dedicated arbitration database, to ‘transform the legal workflow of global legal professionals by making access to its unique content more convenient and efficient’.
And here is how it all works:
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Jean-Rémi de Maistre, Jus Mundi CEO and co-founder, said: ‘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.’