ROSS Intelligence Aiming High in Legal Research Sector

Publicado el 25 oct 2017

Ross Intelligence is an AI legal research platform which earlier this month announced a $8.7 million Series A funding round to be able to add to its product lines, adding therefore to its previous $4.3m Seed round. Today, ROSS Intelligence has one of the world’s largest fundings in AI, standing at $13m.

The startup was founded by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto in 2015. Its core business is to deliver a platform which helps legal professionals sort through cases and find details relevant to other cases by using a combination of artificial intelligence and off-the-shelf-information.

The company has been pushed to this rapid growth because of the pressure within the legal industry to streamline effectiveness by using modern technology. Over the last year, staff numbers have grown in in San Francisco, New York and at its headquarters in Toronto, Canada. Among them is new ice-president of sales, the former head of sales at WeWork, Scott Sperling, who will be leading the expansion of ROSS Intelligence across the USA.

ROSS’s client portfolio includes leading law firms such as Dentons, Latham & Watkins, Simpson Thacher, Carlton Fields, Sedgewick, Kobre & Kim, Sidley Austin, Sherman & Sterling, between others.

This new funding is led by iNovia Capital, Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Dentons’ Nextlaw Labs, Hedgewood, ACE & Company and angel investors such as Diego Basch – LinkedIn’s former director of engineering.

Karam Nijjar, Partner at iNovia Capital, said: “[Our] participation from the very earliest days of ROSS Intelligence, when the founders worked out of a basement in Toronto, Canada, has allowed us to help shape and guide the company as it’s grown from success to success. We’re thrilled to be leading this Series A financing round to provide the ROSS Intelligence team with the firepower to rapidly scale their technical and sales expertise while expanding into the Fortune 500 legal market and beyond.”

Michael Seibel, CEO of Y Combinator Community Fund added: “As an investor in great category-leading companies, we pride ourselves in identifying the companies who will bring transformative change to their verticals. ROSS Intelligence is challenging the methods of the traditional legal industry.”

Ellen Gregg, Vice Chair at Womble Carlye, “ROSS Intelligence’s technology represents a bright future where talented lawyers are able to leverage artificial intelligence to analyze legal issues and make connections that would otherwise be invisible.”

C.A.