Blue J Legal, a Toronto, Canada based Machine learning and Artificial Intelligence legal service has now secured $7 Million in the funding round of Series A.
The round was led by the LDV Partners, Relay Ventures, Mistral Venture Partners, ad BDC Capital. The company has a plans to use the funds to establish its presence in the American market, enhance and expand its product suite, and grow its go to market strategy and product development teams.
The startup which is founded in the year 2015, by the Benjamin Alarie. Blue J Legal uses the Artificial Intelligence and Machine Learning to make a law accessible and transparent, save users hours of time and provide answers in all the challenging circumstances. From the past two years, the company has taken up the contract from more than 100 clients for its Tax Foresight and Employment Foresight products which includes the Gowling WLG, Collins Barrow, Miller Thompson LLP, Fasken, Hoskin & Harcourt LLP, and Osler.
The startup has its initial focus on employment and tax law, the technology is versatile and is also being extended to cover other areas of law in the Canada, America and across the globe. Blue J Legal currently has around more than 30 employees.
“Blue J Legal’s artificial intelligence solutions are being rapidly adopted by top legal and accounting professionals because the technology can quickly inform and influence professional advice through insights derived from machine learning applied to case law,” said Alex Baker, partner at Relay Ventures. “In addition to this significant market validation, the company brings together a great team with a unique skillset that includes law, statistics, and technology. This combination is exactly what we look for when making early stage investments.” Concurrent with the funding round, Baker is joining Blue J Legal’s board of directors.
“Bringing clarity to the law, everywhere and on-demand, is the foundation for the next generation of legal research,” says Benjamin Alarie, CEO of Blue J Legal. “Our rapid expansion and success in the Canadian market is testament to this. With the ongoing support and confidence of our investors, we will grow our team, bring our proven technology to the U.S. market, and expand our product portfolio.”
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