Monday, November 28, 2022

Legal OS Raises $7MM Led by Gradient Ventures, Google’s AI-fund

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Legal OS, the leading no-code legal automation platform, raised $7MM co-led by Gradient Ventures, Google’s AI-focused venture fund, and 10x with participation from existing investors HV Capital and Speedinvest. The company has built the world’s first library of structured legal expertise that enables the automation of complex tasks for legal teams. With Legal OS’s no-code platform, legal teams can rapidly develop applications to automate documents and processes, and accelerate time to deal closure. A wave of automation is already redefining entire industries and Legal OS is leading this no-code transformation in the legal industry.

Legal OS plans to use this new capital to expand globally and comes on the heels of a banner year for the company.

“In 2021, we introduced our suite of automation tools to allow legal teams to automate the generation of their own templates but specific to the deal of the moment,” said Lilian Breidenbach, founder and CEO of Legal OS. “We want to create a world in which legal professionals without engineering experience or capabilities can model complex rules, automate tasks, and generate documents in minutes rather than days. This will allow legal teams to focus on complex problems rather than being mired in repetitive copy and paste tasks.”

Beyond automation, Legal OS plans to incorporate automatic rule generation and expand their document library, as well as allowing teams to collaborate with each other on common provisions. “We’re excited to partner with the Legal OS team as they build world-class automation tools for legal teams,” said Darian Shirazi, General Partner at Gradient Ventures. “Legal documents mostly contain generally accepted provisions and in the future, Legal OS will allow legal teams to skip over settled law and focus on deal points that really matter to clients.”

“It’s rare to find a team in LegalTech that mixes passion with expertise. The team at Legal OS not only has the technical capabilities to redefine the legal industry, they also have a genuine desire to streamline legal services.” said Andreas Etten, Partner at 10x. “We look forward to supporting Lilian and her team as they build a globally-respected company.”

Picture Copyright www.peterrigaud.com

Source: Legal OS GmbH

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