Jus Mundi Launches Jus AI and Raises $22M in Series B
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Acton Capital Press
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November 27, 2024
Funding to accelerate growth of AI and R&D teams developing Jus AI, the Generative AI research and productivity assistant for global legal professionals.
Jus Mundi, the global legal AI company, today announced that it will launch Jus AI, its research and productivity assistant for global legal professionals, at IBA Mexico on September 16. In addition, the company has secured €20M (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.
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.
“Jus AI’s 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,” according to Jean-Rémi de Maistre, Jus Mundi CEO and co-founder. “Designed for legal research and increased productivity across jurisdictions, Jus AI can analyze documents uploaded by users and perform professional search sourced from Jus Connect’s thousands of data-backed profiles,” he added.
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, Reed Smith, Clyde & Co, Greenberg Traurig, Yulchon and Bredin Prat and have reported a doubling of productivity across legal research, analysis, drafting and translation tasks.
“Jus 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.” --Rebeca Mosquera, Senior Associate, International Arbitration, Reed Smith; and President, ArbitralWomen.
The €20M (US $22M) funding round was closed on August 2, 2024, and de Maistre said that funders’ participation demonstrates their endorsement of Jus AI. “Acton Capital’s extensive experience in the legal tech space and True Global Ventures’ experience and expertise in AI and growing global unicorns will help Jus Mundi establish itself as the global leader in AI-based legal intelligence,” he said.
Acton Capital’s 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.“
True Global Ventures’ 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’s global growth plans.”
C4 Ventures Partner, Eric Boustouller, commented, “As 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’s 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.”
More than 70 partnerships with legal institutions around the world fuel Jus AI’s research, drafting and translation capabilities. Users’ insights remain private; Jus AI is designed to adhere to strict confidentiality standards
About Jus Mundi
Founded in 2019 and recognized as a mission-led company, Jus Mundi is a pioneer in the legal technology industry dedicated to powering global justice through artificial intelligence. Headquartered in Paris, with additional offices in New York, London and Singapore. Jus Mundi serves over 150,000 users from law firms, multinational corporations, governmental bodies and academic institutions in more than 80 countries. Through its proprietary AI technology, Jus Mundi provides global legal intelligence, data-driven arbitration professional selection and business development services.
