Paris, France | September 11, 2024<\/span><\/p>\n\n\n\n Funding to accelerate growth of AI and R&D teams developing Jus AI, the Generative AI research and productivity assistant for global legal professionals<\/strong><\/p>\n\n\n\n Jus Mundi<\/a>, the global legal AI company, today announced that it will launch Jus AI<\/a>, its research and productivity assistant for global legal professionals, at IBA Mexico on September 16. In addition, the company has secured \u20ac20M (US $22M) in Series B funding, one of the largest rounds of funding for a European legal tech company. The round was led by Germany-based Acton Capital and Singapore-based True Global Ventures, with participation from historic investors France-based C4 Ventures and US-based FJ Labs. The funding will support R&D efforts to further develop its AI and expand beyond the 80 countries in which Jus Mundi currently has a presence.<\/p>\n\n\n\n Jus AI will enable Jus Mundi, which offers a unique law and arbitration database, to transform the legal workflow of global legal professionals by making access to its unique content more convenient and efficient.<\/p>\n\n\n\n \u201cJus AI\u2019s sophisticated, multilingual capabilities enhance collaboration and include timely natural language responses to queries; reliable input backed by citations to informational sources; and a suite of tools that includes legal document summarization, translation and drafting to enhance efficiency,<\/strong>\u201d according to Jean-R\u00e9mi de Maistre, Jus Mundi CEO and co-founder.<\/p>\n\n\n\n \u201cDesigned for legal research and increased productivity across jurisdictions, Jus AI<\/a> can analyze documents uploaded by users and perform professional search sourced from Jus Connect<\/a>\u2019s thousands of data-backed profiles,\u201d<\/strong> he added.<\/p>\n<\/blockquote>\n\n\n\n Jus AI has been piloted for several months, with more than 20 clients participating in the exclusive Jus AI Acceleration Program; they include DLA Piper<\/a>, Reed Smith<\/a>, Clyde & Co<\/a>, Greenberg Traurig<\/a>, Yulchon<\/a> and Bredin Prat<\/a> and have reported a doubling of productivity across legal research, analysis, drafting and translation tasks.<\/p>\n\n\n\n \u201cJus AI has significantly enhanced our efficiency, providing invaluable access to summaries of extensive decisions. It’s particularly useful when researching specific topics. By swiftly compiling relevant decisions, Jus AI has optimized our research, enabling us to focus more on strategic deliberation,<\/strong>\u201d said Rebeca Mosquera, Senior Associate, International Arbitration, Reed Smith; and President, ArbitralWomen.<\/p>\n<\/blockquote>\n\n\n\n The \u20ac20M (US $22M) funding round was closed on August 2, 2024, and de Maistre said that funders\u2019 participation demonstrates their endorsement of Jus AI. \u201cActon Capital\u2019s extensive experience in the legal tech space and True Global Ventures\u2019 experience and expertise in AI and growing global unicorns will help Jus Mundi establish itself as the global leader in AI-based legal intelligence,<\/strong>\u201d he said.<\/p>\n\n\n\n Acton Capital\u2019s Managing Partner, Fritz Oidtmann, added, “Acton Capital has a proven track record in investing in legal technology innovations, which includes our investments in Clio and Henchman. We are thrilled by the tremendous value Jus Mundi already provides to its customers. Jus AI represents a sea change in how cross-border legal work is conducted, and we’re thrilled to participate in this round.<\/strong>“<\/p>\n\n\n\n True Global Ventures\u2019 Founding Partner, Frank Desvignes, said, “Jus AI brings artificial intelligence technology to the legal field at scale, and our investment reflects our belief in how transformative it will be to the sector and how Jus Mundi can become a global market leader. TGV has a global presence, with a strong footprint across the San Francisco Bay Area, New York, Paris, London, Stockholm, Dubai, Singapore and Hong Kong. Our decade-plus experience in AI investments, positions us well to support Jus Mundi\u2019s global growth plans.<\/strong>\u201d\u00a0<\/p>\n\n\n\n C4 Ventures Partner, Eric Boustouller, commented, \u201cAs cornerstone investor in Series A, C4 Ventures is proud to support Jus Mundi and other technologies that have the potential to reshape entire industries. Jus Mundi\u2019s vision for and execution of Jus AI will bring new AI-based innovations to an even wider global audience, further transforming the way legal professionals work.<\/strong>\u201d<\/p>\n\n\n\n More than 70 partnerships with legal institutions around the world fuel Jus AI\u2019s research, drafting and translation capabilities. Users\u2019 insights remain private; Jus AI is designed to adhere to strict confidentiality standards.<\/p>\n\n\n\n
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