DeepJudge, the platform of choice for law firms seeking to differentiate through AI-powered access to institutional knowledge, today announced it has raised US$41.2 million in an oversubscribed Series A financing round led by Felicis, with continued support from existing investor Coatue. The company, which grew revenues by over 500% year-over-year, will use the funds to accelerate product development and scale market adoption in the US and UK.
As part of this momentum, Freshfields, a global elite law firm that advises the world’s leading national and multinational corporations and financial institutions on business-critical challenges, has selected DeepJudge as a core component of its AI and knowledge strategy after a detailed evaluation process.
Gil Perez, Chief Innovation Officer at Freshfields, said, “Innovation at Freshfields is about strengthening how we work and preparing for what’s next. DeepJudge supports that by enabling responsible, targeted use of proprietary knowledge and powering bespoke AI workflows tailored to our standards. It will enhance our ability to deliver for clients as the legal industry evolves.”
Alongside Freshfields, a growing roster of top-tier law firms has chosen DeepJudge to power their AI and knowledge initiatives. These include Holland & Knight, a U.S.-based Am Law 100 firm with more than 2,200 lawyers across 34 offices worldwide, recognized for its strength in regulatory, litigation, and transactional matters, and Cozen O’Connor, an international law firm headquartered in Philadelphia with more than 825 attorneys across 30 offices. The new customer announcements also included ArentFox Schiff, a leading national law and lobbying firm with over 650 lawyers and policy professionals across eight U.S. cities, and Schoenherr, a tech-forward full-service law firm, with a strong footprint across Central and Eastern Europe, that serves local and international clients on complex commercial matters. They join previously announced customers, such as Gunderson Dettmer, CMS Switzerland, Homburger, and Lenz & Staehlin.
Read full article: https://www.einpresswire.com/article/863810687/deepjudge-raises-41-2m-series-a-for-enterprise-search-ai-platform-selected-by-freshfields-other-leading-law-firms
