DraftWise closes $5M seed round to scale secure LLMs for legal professionals
Summary
DraftWise has raised $5M led by EarlyBird with participation from strategic investors, including global law firm Orrick Herrington & Sutcliffe LLP.Three years ago, the company set out to build an Iron Man suit for lawyers, powered by a law firms collective data and expertise. From the beginning, they recognized that AI and LLMs have a long way to go to solve everything they want them to do but as they experienced firsthand at Palantir, they can overcome those limits using strong data engineering fundamentals.They started by meticulously building clean datasets, designing data ontologies to facilitate attorney workflows, and capturing the outcomes of attorney decision-making. Today, DraftWise is the only AI platform securely applying private LLM to law firm data.Their next-generation AI platform stands on the shoulders of their prior work: the difficult and seemingly unrewarding prerequisites, the investment in privacy and security, and the thoughtful feedback shared by their earliest users attorneys at firms like Orrick, Herrington & Sutcliffe LLP, Katten Muchin Rosenman LLP, Womble Bond Dickinson (US) LLP, Gunderson Dettmer LLP, and Mishcon de Reya LLP.And now, with an influx of opportunistic capital, theyre doubling down on their generative AI platform and providing even more firms with the secure AI tools they need to deliver better client outcomes.Theyve spent three years setting the stage for secure, trustworthy AI systems, and their ambitions have only grown from the support and feedback shown by existing customers. Theyve got a lot of exciting work ahead of them, and they promise to keep everyone updated with what theyre doing and why it matters.DraftWise is an AI-powered firm intelligence platform that helps attorneys draft and review contracts faster through access to their firms cumulative knowledge and data. Attorneys at AmLaw100 and Vault 10 firms trust and use DraftWise every day for Intuitive search, clause extraction, document classification, language recommendation, and frequency analysis without ever leaving Microsoft Word.DraftWise was founded by Palantir and Google engineers, James Ding and Emre Ozen, and Clifford Chance lawyer, Ozan Yalti, to bring advanced analytics and data management to the legal space, enabling lawyers to spend more time on the critical task of representing their clients.
Funding
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