NewMod Soxton Acquires Cipher Security Company

Soxton, an AI-powered, NewMod law firm focused on startups, has acquired Cipher, a security company designed for agentic applications. The move provides ‘advanced protection for autonomous workflows and sensitive startup data’.

The New York-based AI-native law firm, created by former Cooley lawyer Logan Brown, said that by adding in this capability it would enable the NewMod to build multi-agent systems ‘more efficiently and further strengthen its ability to power legal workflows through AI’.

The deal underscores Soxton’s broader mission to ‘modernize legal operations for startups, giving founders the ability to execute complex business transactions faster and at a fraction of the traditional cost’, they added.

Founder and CEO Brown, commented: ‘Acquiring Cipher was not only a strategic move, but a necessary one. Our platform holds valuable information from innovative, but vulnerable, early companies all around the globe, and they deserve to be well protected.

‘What makes this acquisition even better, is that all legal processes were done on our own platform, standing as a true testament to the work we are doing to improve business functions for founders.’

And Cipher Co-founder and CTO, Ransford Antwi, added: ‘We are excited to join forces with the Soxton team to bring our robust security layer to the autonomous legal stack, continuing our mission to keep agents secure and reliable.’

The move follows Soxton’s $2.5m pre-seed funding led by Moxxie Ventures, with participation from Strobe, Coalition, Caterina Fake, and Flex.

Is this a big deal?

Well, as noted above, it gives Soxton additional capabilities, especially around agentic skills, at a time when several other NewMods have launched that are also targeting the startup space, some of which have been financially backed by Y Combinator, for example.

More broadly, the NewMod field is growing rapidly, with these new AI-native law firms targeting a range of areas, from startups in this case, to handling high volumes of standard documents for large corporates, to doing more complex transactional work.

The fact that Soxton is growing by acquisition – albeit a small one – at this early stage underlines the seriousness of the NewMod world. It’s early days, but it seems highly likely they will gain traction in this AI era, with their offering of speed, expertise and pricing that avoids the need for the billable hour.

More about Soxton here.

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A Legal Tech Conference For All of Europe

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

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