Jurisphere.ai Secures $2.2 Million Funding to Transform Legal Technology
Legal AI startup Jurisphere raises $2.2 million from InfoEdge Ventures, others
The Economic TimesImage: The Economic Times
Jurisphere.ai, a legal technology startup founded in 2024 by Manas and Varun Khandelwal and Sumit Ghosh, has raised $2.2 million from investors including InfoEdge Ventures. The funding will help expand its AI-powered platform, which assists legal professionals in streamlining tasks like document review and contract drafting, while also developing a marketplace to connect clients with lawyers.
- 01Jurisphere.ai raised $2.2 million from multiple investors.
- 02The startup aims to enhance legal work efficiency through AI.
- 03Over 500 teams across various sectors have adopted the platform.
- 04Jurisphere plans to build a marketplace connecting clients with legal professionals.
- 05The Indian legal technology market is still developing, with many firms beginning to explore AI tools.
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Jurisphere.ai, a legal technology startup founded in 2024 by brothers Manas and Varun Khandelwal and Sumit Ghosh, has successfully raised $2.2 million in funding from investors including InfoEdge Ventures, Flourish Ventures, Antler, and 8i Ventures. The funds will be utilized to expand its operations globally and enhance its network of legal professionals. The platform aims to improve the efficiency of legal work by assisting lawyers and legal teams in tasks such as document review, contract drafting, and legal research. Over the past year, Jurisphere has gained traction, being adopted by more than 500 teams across law firms, corporations, and government institutions. Varun Khandelwal emphasized that the startup is not intended to replace lawyers but to enhance their capabilities, allowing them to handle more work effectively. In addition to its software tools, Jurisphere plans to develop a marketplace that connects clients with suitable legal professionals, facilitating a more efficient workflow. The Indian legal technology market is still in its infancy, with many legal entities beginning to explore AI solutions.
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This funding will enable Jurisphere to enhance its platform, potentially improving legal services for businesses and individuals in India and beyond.
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