In fact, the problem is so common that over the past few years, based in Tokyo Learon Technologies There was an open door to this market: today his software for reviewing contracts with artificial intelligence for legal teams uses 7,000 organizations throughout Japan, the USA and Great Britain, the company claims, and it heads the Japanese market, while 25% of all public companies in the country use their platform.

Tool for considering a contract with artificial intelligence Legalon, ReviewDetermines risks and offers editors based on players created by lawyers and legal standards of each client. The company claims that the review reduces the review time to 85% with increasing quality and accuracy.

However, success did not adhere to the ambitions of Legan. Now the company wants to additionally create tools of artificial intelligence agent in order to comply with its software, and recently raised $ 50 million to do this.

The round of financing the series C is headed by the Goldman Sachs growth fund, and participated in the existing World Innovation Lab (Wil). New investors Mori Hamada & Matsumoto (Law Firm in Japan), Mizuho Bank and Shoko Chukin Bank also invested.

While many new cash are devoted to the development of more AI-agent products, the company also expands its efforts in the market in the USA and the UK, where its business is four times last year.

Founded by two former corporate lawyers, nosom Tsunoda and Masataka Ogasawara in 2017, Legalon seeks to fulfill labor -intensive tasks before and after the process of considering the contract, such as the organization of legal requests and automation of contract management.

According to Daniel Lewis, the Global General Director of LEARON, the company stands out from the ARD of startups of legal technologies, using AI thanks to its fund in expert legal content with the prosecutor. This base, according to him, makes Legalon unlike other tools that rely on users create rules from scratch, or use general artificial intelligence models that do not have the accuracy necessary for legal work.

“Our approach guarantees that contract reviews comply with real legal standards, which makes the result more accurate, consistent and practical for legal groups. In addition, we have more than 50 game books built by a lawyer, seamless integration into existing work processes, and our solution works in the first place, ”Lewis said.

Only last week, the startup launched another tool: Matter management It helps legal teams to track requests for a contract, appoint owners, connect questions to the relevant people and documents and cooperate with other departments.

The company also received non -compliance with technical partnership with Openai, which gives Legalon access to advanced large language models of the ChatGPT manufacturer.

“This is technical cooperation,” Lewis explained. “This gives us early access to their last models, and he positions our engineers so that they work side by side with engineers from Openai. Thus, in this regard, this will promote our goal of creating advanced [AI] Agents using excellent technology, but the ability to justify this in our proprietary legal content and experience. ”

The revolution of artificial intelligence turned out to be a huge fair wind for legal technological startups around the world. In June, Harvey AI received $ 300 million in the form of financing E -E series, increasing its estimate to $ 5 billion, and last year Clio also raised $ 300 million, reaching an estimate of $ 3 billion.

But even when generative AI transforms the legal industry, Lewis does not think that he will replace lawyers. “There is no state of technology yet, and the replacement of lawyers is not even our vision,” he said. “Lawyers are still in place of the driver. Today, by definition, things that can do is what only people can do. And the lawyers who are inclined to this responsibility - make sure to edit, fulfill the judgment - are those who now see the most extraordinary levers from AI. ”

Series C brings the total capital of Learon, attracted more than $ 200 million. Its investors include the SoftBank Vision, HSG (previously known as Sequoia Capital China), Japanese Jafco and Mufg Bank venture capital company.