DraftWise closes $5M seed round to scale secure LLMs for legal professionals

DraftWise Announces $5M Seed Round led by EarlyBird Ventures

Jun 28, 2023
DraftWise Announces $5M Seed Round led by EarlyBird Ventures

We're thrilled to share that DraftWise has raised $5M led by EarlyBird with participation from strategic investors, including global law firm Orrick Herrington & Sutcliffe LLP.

Three years ago, we set out to build an Iron Man suit for lawyers, powered by a law firm’s collective data and expertise. From the beginning, we recognized that AI and LLMs have a long way to go to solve everything we want them to do – but as we experienced firsthand at Palantir, we can overcome those limits using strong data engineering fundamentals.

We started by meticulously building clean datasets, designing data ontologies to facilitate attorney workflows, and capturing the outcomes of attorney decision-making. Today, DraftWise is the only AI platform securely applying private LLM to law firm data.

Our next-generation AI platform stands on the shoulders of our prior work: the difficult and seemingly unrewarding prerequisites, the investment in privacy and security, and the thoughtful feedback shared by our earliest users – attorneys at firms like ​​Orrick, Herrington & Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, Gunderson Dettmer LLP, and Mishcon de Reya LLP.

And now, with an influx of opportunistic capital, we’re doubling down on our generative AI platform and providing even more firms with the secure AI tools they need to deliver better client outcomes.

We’ve spent three years setting the stage for secure, trustworthy AI systems, and our ambitions have only grown from the support and feedback shown by existing customers. We’ve got a lot of exciting work ahead of us, and we promise to keep you updated with what we’re doing and why it matters.

About DraftWise
DraftWise is an AI-powered firm intelligence platform that helps attorneys draft and review contracts faster through access to their firm's cumulative knowledge and data. Attorneys at AmLaw100 and Vault 10 firms trust and use DraftWise every day for Intuitive search, clause extraction, document classification, language recommendation, and frequency analysis - without ever leaving Microsoft Word.

DraftWise was founded by Palantir and Google engineers, James Ding and Emre Ozen, and Clifford Chance lawyer, Ozan Yalti, to bring advanced analytics and data management to the legal space, enabling lawyers to spend more time on the critical task of representing their clients.

You can learn more about the platform at www.draftwise.com.

Company Contact
Sarah Schultz

This article is from an external source and will be opened in a new tab.

Read Article