DeepJudge Secures 41.2 Million Dollars

(CONNECT) Zurich-based tech start-up DeepJudge, which develops AI solutions for the legal sector, raises 41.2 million dollars in its Series A financing round. The leading investor is the venture capital company Felicis, and the investment company Coatue is also involved. The aim is to use the fresh funding to expand the partner ecosystem and scale internationally, DeepJudge explains in a press release.

The start-up's core product is the proprietary DeepJudge AI, which focuses on information retrieval and can visualize a law firm's institutional knowledge, consisting of precedents, strategies or documents, on demand. Unlike generic Large Language Model (LLM) tools, DeepJudge can answer complex questions such as "What was our most profitable strategy in a similar case?" by connecting multiple system levels.

Leading major law firms that rely on DeepJudge's legal AI are demonstrating the start-up's momentum in parallel with the financing round, according to the company. Freshfields, Holland & Knight, Cozen O'Connor, ArentFoxSchiff, and Schoenherr have recently started using DeepJudge software for their AI and knowledge initiatives. "With DeepJudge, we can access and reuse the extensive knowledge of our lawyers on a large scale and in context. We expect it to fit seamlessly into our solutions portfolio and further drive our strategic AI initiatives," said Gil Perez, Chief Innovation Officer at Freshfields.

DeepJudge, founded by AI researchers with doctorates from the Swiss Federal Institute of Technology in Zurich (ETH), increased its sales by 500 percent last year alone. The DeepJudge software has also been recognized by SKILLS.law as the leading AI tool for the legal sector and has been rated by Legal Technology Hub as a likely market leader within the next one to three years, according to the company's CEO and co-founder Paulina Grnarova. ce/yes