Ross Intelligence has raised an $13 milion ($8.7 million USD) Series A, according to a report from TechCrunch.
The funding was led by iNovia Capital with participation from Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Dentons’ NextLaw Labs, and angel investors.
Ross’ platform allows lawyers to search through case law to find details relevant to new cases — a process that can take days or weeks. Using machine learning to improve keyword search, Ross speeds up the process and improves the relevance of cases found.
Ross offers products in both bankruptcy and intellectual property law, and is looking to expand into other types of law like labour and employment. The company is also looking to launch new product lines outside of legal research.
In a blog post, ROSS also announced that Scott Sperling, WeWork’s former head of sales, has joined the team as its VP of sales.
“Our goal is to continue to bring the power of artificial intelligence to the legal industry allowing lawyers to enhance and scale their abilities and do more than ever before humanly possible,” says Andrew Arruda, CEO of Ross. “This latest financing gives us the ability to continue our aggressive expansion, add great talent to our growing world class team, innovate rapidly, and deliver on our vision into the future.”
Ross, which was founded by three University of Toronto students, is currently based in San Francisco. The company recently opened a research and development lab in Toronto. The company also previously raised a $4.3 million USD seed round led by iNovia.
“As demonstrated by their technological success and commercial leadership in the legal space, Ross Intelligence is clearly the market leader in the development of artificial intelligence applications for the law,” said Karam Nijjar, partner at iNovia Capital. “iNovia’s participation from the very earliest days of Ross Intelligence, when the founders worked out of a basement of 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.”
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