Paxton AI Bags $22M In Series A Funding

Breaking News: Paxton AI has bagged $22m in Series A funding, led by Unusual Ventures, with participation from Kyber Knight, 25Madison, and WVV Capital. This new funding brings Paxton’s total raised to $28m, following a $6M seed round in September 2023.

Paxton is designed to assist legal professionals by automating complex and time-consuming tasks, enabling legal teams to focus on strategic, high-value work, they said.

Paxton’s platform enables users to conduct primary research across key sources ranging from laws and regulations, case law, and more, draft complex legal documents, and analyze large volumes of legal documents in a manner of seconds.

Paxton also provides real-time updates on U.S. laws and court rulings by scanning millions of sources daily, while its confidence indicator and AI Citator features offer reliability insights and case law analysis. Every output is backed by verifiable sources, ensuring accuracy and trust, they added.

Tanguy Chau said: ‘Our mission is to make advanced legal tools accessible to firms of every size, leveling the playing field across the industry. With the support of our investors, we’re excited to accelerate innovation and continue to deliver solutions that enhance efficiency, accuracy, and confidence for legal professionals.’