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Aloi, a Stockholm-based legal AI startup, has raised €6.1 million to enhance its technology and expand internationally. The funds will support product development ahead of a larger Series A later this year.
Aloi has successfully raised €6.1 million, joining other legal AI startups in Stockholm. The company plans to use the new capital for product development and to hire new talent as it prepares for a larger Series A later this year. Aloi focuses on leveraging existing firm knowledge to assist lawyers in decision-making. Market expansion into the US is also a priority with the fresh funds.
Company Information
Company
Aloi
Location
Sweden
About
Aloi is a legal AI startup based in Stockholm, focused on helping law firms utilize their existing knowledge and decision-making processes more effectively. The company is working on technology that integrates with current AI tools and workflows in legal firms. Aloi aims to facilitate better insights into how legal issues have been handled in the past. With a strong backing from VC funding, Aloi plans to expand internationally and further develop its product offering.