Girish Mathrubootham, the founder of Freshworks, and Manav Garg, the founder of Eka Software, led a $1.6 million seed funding round for Jhana, a legal tech startup that specializes in AI-powered legal assistants, through their venture capital fund, Together Fund.
The company said in a press release that a number of well-known investors participated in the round, including Ojas Shukla, Scott Davis from VMware, Kunal Shah, the founder of CRED, Harshil Mathur and Shashank Kumar, the creators of Razorpay, Cory Levy, the founder of First Text, Z Fellows, and After School, and Shyamal Anadkat of OpenAI.
Additional funding is anticipated from Indian investors, according to the company, and the full round will be made public shortly.
According to the company, Jhana intends to employ researchers with backgrounds in artificial intelligence and law to augment its workforce and further develop its in-house legal datasets and models with the additional funds.
Jhana is a 2021 Harvard University startup that offers AI-powered legal assistants to help attorneys, law firms, and internal legal teams expedite document review and research procedures.
With the use of Jhana’s AI paralegal solutions, users can generate legal outputs from natural language inputs, including propositions, citations, and comprehensive memos. The system ensures accuracy and thoroughness in legal research by drawing from a proprietary database of more than 15 million case law records, statutes, academic sources, and web-based references.
In order to help enterprise clients integrate AI into their current file and cloud ecosystems, the startup also provides customizable and segregated AI solutions. Jhana’s solutions use artificial intelligence (AI) to boost efficiency and lower errors in legal work.
With this funding, Jhana plans to grow its presence in India and abroad while advancing its AI-driven legal technology.
