Bench IQ raises $2.8 million CAD in pre-seed funding led by Maple VC and Haystack to scale its AI software for the US market

Feb 29, 2024•almost 2 years ago

Amount Raised

$2.8 Million

Round Type

seed

TorontoLegalArtificial IntelligenceSoftware

Investors

Inovia CapitalWilson Sonsini Goodrich & RosatiFenwick & WestCooleyQasar YounisJason BoehmigHaystackMaple Vc

Description

Toronto-based legaltech startup Bench IQ raised $2.8 million CAD ($2.1 million USD) in a pre-seed funding round to expand its artificial intelligence (AI) software and establish a stronger presence in the United States. The round was co-led by Maple VC and Haystack, with participation from other prominent individuals and law firms.

Company Information

Company

Bench IQ

Location

Toronto, Ontario, Canada

About

Bench IQ is an AI-powered service that allows attorneys to uncover the reasons behind all of their judges' rulings, not just the 3% that can be found in their judicial opinions. We provide attorneys with unparalleled insight into their judges' thinking, enabling them to argue more successfully. Our founders were partners at the world's top law firm (Kirkland & Ellis) and creators of the pioneer of legal AI (ROSS Intelligence). Our investors are tier-one law firms (Cooley, Fenwick, and Wilson Sonsini), tech investors (Battery, Inovia, Haystack, Maple, and others), and CEOs (Ironclad and Applied Intuition).

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