Legitquest funding: Legitquest raises $660,000 in ongoing round from existing investors InfoEdge, WaterBridge Ventures

Share via:


Legal tech startup Legitquest has raised $660,000 (Rs 5.5 crore) in an ongoing funding round from its existing investors InfoEdge and WaterBridge Ventures.

The company, in a statement, said that with more commitments in the pipeline, it is set to close the funding round soon.

“We are excited about the continued trust and support of our investors, which allows us to accelerate our vision of leveraging generative AI to transform the challenges faced by legal stakeholders,” said Karan Kalia, founder of Legitquest.

Founded in 2017 by Kalia, Rohit Shukla and Himanshu Puri, LegitQuest provides a generative AI (GenAI) assistant designed for legal professionals to enhance research, track cases, and conduct efficient due diligence.

“We’ve achieved a robust 250% year-over-year (YoY) growth, alongside a consistent annual increase in ARPU. With a strong client base and a user-centric approach, we’ve successfully achieved product-market fit, and we’re now focusing on scaling further,” said Puri.


The startup has also elevated Rajan Batra to cofounder, who joined the company three years back as vice president of engineering.

Discover the stories of your interest


“High-quality, accurate data is the foundation for effective generative AI solutions,” said Batra, while highlighting the growing demand for customised AI-based solutions. The company claims to have gathered nearly three billion pages of legal data.

On September 25, AI-driven legal-tech startup Jhana closed a $1.6 million seed funding round led by venture capital firm Together Fund.

On July 30, ET reported that DecoverAI, a legal tech company, raised $2 million in a funding round led by tech-focused venture capital firm Leo Capital.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Team SNFYI
Hi! This is Admin.

Popular

More Like this

Legitquest funding: Legitquest raises $660,000 in ongoing round from existing investors InfoEdge, WaterBridge Ventures


Legal tech startup Legitquest has raised $660,000 (Rs 5.5 crore) in an ongoing funding round from its existing investors InfoEdge and WaterBridge Ventures.

The company, in a statement, said that with more commitments in the pipeline, it is set to close the funding round soon.

“We are excited about the continued trust and support of our investors, which allows us to accelerate our vision of leveraging generative AI to transform the challenges faced by legal stakeholders,” said Karan Kalia, founder of Legitquest.

Founded in 2017 by Kalia, Rohit Shukla and Himanshu Puri, LegitQuest provides a generative AI (GenAI) assistant designed for legal professionals to enhance research, track cases, and conduct efficient due diligence.

“We’ve achieved a robust 250% year-over-year (YoY) growth, alongside a consistent annual increase in ARPU. With a strong client base and a user-centric approach, we’ve successfully achieved product-market fit, and we’re now focusing on scaling further,” said Puri.


The startup has also elevated Rajan Batra to cofounder, who joined the company three years back as vice president of engineering.

Discover the stories of your interest


“High-quality, accurate data is the foundation for effective generative AI solutions,” said Batra, while highlighting the growing demand for customised AI-based solutions. The company claims to have gathered nearly three billion pages of legal data.

On September 25, AI-driven legal-tech startup Jhana closed a $1.6 million seed funding round led by venture capital firm Together Fund.

On July 30, ET reported that DecoverAI, a legal tech company, raised $2 million in a funding round led by tech-focused venture capital firm Leo Capital.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Team SNFYI
Hi! This is Admin.

More like this

Over 40% of agentic AI projects will be scrapped...

More than 40% of agentic artificial intelligence projects...

GACM Technologies to acquire 30% stake in AI edtech...

GACM Technologies has entered into a definitive agreement...

GoPro Quik adds MotionFrame and POV 360 video editing...

If you have fun shooting 360 video with...

Popular

Upcoming Events

TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX