Source: PR Newswire
Callidus Legal AI, the AI platform that automates and accelerates core litigation workflows, announced $10M in funding, bringing the company’s total funding to date to $13M. The highly oversubscribed round was led by Cervin Ventures, with participation from AI Fund, Myriad Venture Partners, Tandem Ventures, Active Capital, Capital Factory, Foley & Lardner, and a consortium of partners from a top 25 law firm. With this new capital, Callidus will continue its strong growth trajectory, double the speed of its product development to support its 1,000+ customers, and extend its market reach.
“AI has advanced to the point where substantially automating legal work is no longer a question of possibility; it’s a series of tough but solvable engineering challenges. We’re building the most advanced and interactive AI platform for litigators,” said Justin McCallon, CEO of Callidus Legal AI. “Success requires the right combination of a world-class user experience, a robustly engineered middle-layer, and high-quality legal data. Callidus brings all of that together cohesively. With the support of our partners, and on the shoulders of the research labs, we’re reinventing litigation legal tech.”
Unlike competitors that rely on chatbots and generate brief, high-level answers, Callidus produces real legal work. These outputs include exhaustive precedent research, element-by-element legal outlines, and fully drafted, citation-rich litigation documents. The highly visual Callidus research system keeps the lawyer in the loop, with the AI synthesizing robust data and the lawyer making strategic decisions, ultimately condensing a typical week-long task into about 10 minutes for 85% completion. From there, the lawyer can polish the full litigation outlines and extensive litigation draft document outputs with other Callidus tools, including tools integrated with Microsoft Word, to prepare final versions for court.
Read the full article: https://www.prnewswire.com/news-releases/callidus-legal-ai-secures-10m-in-funding-to-build-the-ai-operating-system-for-litigators-302505441.html
