On June 10, 2024, the Toronto, Canada-based AI legal tech startupAlexiannounced it had raised $11 million in Series A funding. The round was led by Drive Capital, with participation from existing investor Draper Associates.
The company plans to use the funds raised to hire for engineering, product development, brand and design, legal, and business development teams to help the company continue to innovate and scale its technology.
Alexi was founded in 2017 by Mark Doble and Sam Bhasin and is a proprietary AI-driven platform that provides core legal skills for litigation teams. The platform is designed to streamline legal research processes and assist with routine litigation tasks, saving time and increasing productivity for law firms. Committed to innovation and excellence, Alexi continues to lead the transformation of how legal knowledge is accessed.
(Source:Newswire）