Sydney-based Mary Technology has gained $920,000 in Pre-Seed funding in a round led by Empress Capital, which included Sam Nickless, CEO of top Australian law firm Gilbert + Tobin, as an investor.
Founded last year, Mary recently won ‘Best New Legal Startup’ at the Legal Innovation & Tech Fest and took part in Lander + Rogers’ Law-Tech Hub accelerator. The funds will help to expand their team in Australia as they gear up to expand into the US.
The AI-driven company explained that it is able to ‘convert thousands of client documents into a precise, tailored chronology in under 15 minutes’. They use a combination of traditional machine learning along with GPT-4 and GPT-3.5 to power this.
The benefit for lawyers is that detailed chronologies – built from a wide range of complex documents – ‘allow lawyers to easily review and comprehend matters in moments, all while maintaining a single source of truth’.
Features include:
- ‘Dynamic filtering: Efficiently pinpoint relevant documents and information through advanced search filters, reducing time spent on information retrieval and find the critical legal details.
- Fast, secure, and versatile document processing: Securely and accurately process thousands of client documents in under 10 minutes – we support PDF with DOCX, emails, images, videos files and more.
- Export to Microsoft Word: Effortlessly convert your detailed chronologies into Microsoft Word documents, ensuring an easy editing and sharing experience.’
They gave the example of one litigation firm that used Mary to ‘create a chronology from 12,000 pages of client documents in just 12 minutes, a task that would have taken them weeks’.
And if that isn’t an efficiency gain then nothing is…!
Mary CEO and Co-Founder, Daniel Lord-Doyle, commented: ‘In the world of legal technology, our mission is clear: to solve existing challenges for lawyers without creating new ones. We believe that technology should simplify, not complicate, the practice of law.
‘At Mary Technology, we’re committed to developing solutions that address the real pain points lawyers face, delivering tools that are both simple to use and highly effective in practice.’
While Co-Founder, Rowan McNamee, said: ‘As a former lawyer, I understand the importance of having a tool that provides immediate solutions in a simple, user-friendly way. Our unwavering focus on perfecting chronologies for lawyers is what truly sets us apart, and we are excited this funding round will allow us to tackle this problem even faster.’
And for those who wonder where the brand name comes from……the company is named after McNamee’s aunt and renowned Melbourne Barrister, Mary McNamee, who they described as ‘ruthlessly efficient in the best possible way’.
To conclude, Yash Varna, at AI-focused VC fund Empress Capital, said that their investment ‘reflects our belief in AI’s power to revolutionise traditional industries’ and that ‘this extraordinary team (of which McNamee, Lord-Doyle and Harry Raworth are the co-founders) is not just solving today’s legal challenges, but laying the foundation for the AI-augmented law firm of tomorrow’.
Congratulations to the team at Mary. Australia has always been a home to many legal tech startups and great to see new pioneers arriving.
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Note: Mary’s AI chronology tool can be trialled for free by law firms.