Newcode Raises $6.5m + Maged Helmy Interview

Norway-based legal AI platform Newcode has raised $6.5m, with a range of law firms as well as The Legal Tech Fund and Alliance VC taking part. AL interviewed CEO, Maged Helmy, about the fundraise, the company’s strategy, and more.

What does this investment mean to you personally?

Personally, it is a meaningful milestone because it validates a conviction we have had from the beginning: legal does not need more AI features layered onto old workflows. It needs a new operating model. Building in a category as important and demanding as legal requires a lot of conviction early on, so this round is both a strong signal and a serious responsibility. For me, it is also a reflection of the team we have built, the customers who trusted us early, and the fact that the market is ready for something much more ambitious than another legal AI tool.

How will it be invested?

We are investing the capital in the areas that matter most for building a category-defining company. First, product and engineering, especially around our agentic platform and the core intelligence layer that sits across legal systems, data, and applications. Second, enterprise deployment capabilities, so we can support customers that need auditability, control, security, and flexible deployment models. Third, market expansion, with a particular focus on scaling with leading firms and enterprises in key markets. The focus is very clear: deepen the platform, accelerate adoption, and scale in a way that matches the demands of enterprise legal work.

Who are the main investors?

The round includes The LegalTech Fund, Alliance VC, and additional leading investors. We are pleased to have investors who understand both the transformation happening in legal and what it takes to build a durable enterprise software company. For us, the value is not only the capital. It is also the quality of the backing, the market understanding, and the shared conviction around where legal AI is going.

How do you see your offering in relation to what is in the market?

A lot of the market today is still centered on AI as assistance: chat interfaces, tabular review tools, and point solutions that improve individual tasks. We see the opportunity differently. Newcode.ai is building the world’s first AI-native operating system for legal. That means we are not just helping lawyers generate answers faster. We are enabling firms to delegate complex, multi-step work and receive complete deliverables. Our platform acts as an intelligence layer across a firm’s systems, data, and applications, with the auditability, control, and deployment flexibility that legal teams require. In that sense, we are not building another legal AI tool. We are building infrastructure for how modern legal work gets done.

How will the legal AI market evolve in the coming months and years?

Firms have already seen enough to know AI matters. The real question now is how to deploy it in a way that is trustworthy, measurable, and embedded into real workflows. That means the market will place much more weight on auditability, governance, security, and integration with existing systems.

Over the next few months, I think we will see a shift from AI tools to AI-native operating models. The firms that create real advantage will not be the ones using the same generic tools as everyone else. They will be the ones that turn their expertise, workflows, and institutional knowledge into operational infrastructure. That is where agentic systems become important. The market will move from assistance to execution, from isolated use cases to firm-wide intelligence layers, and from AI as a feature to AI as a competitive foundation.

Congrats Maged!

–

More about Newcode here.

—

And, if the above was interesting, wait until you see these events: 

A Legal Tech Conference For All of Europe

Legal Innovators Europe – Paris – June 24 and 25.

There will be more news about the conference and key speakers as we get closer to June.

Look forward to seeing you there!

Richard Tromans, Founder, Artificial Lawyer and Legal Innovators conference Chair.

Note: the conferences are organised by Cosmonauts – please contact them with any queries. 

If you would like to be a speaker at Legal Innovators Europe, especially if you are at a law firm or inhouse legal team in Europe – whether based in France, Belgium, Spain or Germany, or beyond…..then please contact Phoebe at Cosmonauts:  phoebe@cosmonauts.biz

Note: if you are a legal tech company, please contact Robins: robins@cosmonauts.biz or Anjana anjana@cosmonauts.biz

–

And if you’re in the US and looking for the next major event to join after Legal Week, then see you in California this June!

Legal Innovators California, the landmark West Coast legal tech event, will take place on June 10 and 11, in the heart of the Bay Area, the home to many of the world’s leading AI businesses – and plenty of legal tech pioneers as well! More information and tickets here.