Amikus AI, a platform for AI-powered legal technology, has secured more than Rs 96 lakhs in a Pre-Seed round sponsored by Inflection Point Ventures (IPV).
With the money received, the product team will be able to hire more front-end, back-end, and machine-learning developers.
Madhukar Bhardwaj, Vice President (BD & Investments), Inflection Point Ventures says, “Legal documentation has always been a time-consuming and tedious process for lawyers. To achieve the right draft manually, draft contracts usually undergo several edits which more often create anxiety for clients who are eager for closures.
With its path-breaking technology, Amikus AI aims to put this lengthy procedure to an end. The AI-powered platform will ensure not only time efficiency with its ready-to-sign contracts but also accuracy in their pre-vetted and attorney-approved drafts. We at IPV appreciate the infusion of AI technology into the legal world. With our strategic inputs, we look forward to expanding their business across the globe”.
Saahil Dama, Chief Executive Officer, Amikus AI says, “Legal tech is a challenging but exciting industry. By leveraging artificial intelligence and machine learning, Amikus AI is poised to change the way in which lawyers review and draft contracts. I’m glad that IPV shares this conviction and is supporting Amikus AI through its journey. The strategic insights and networking opportunities provided by IPV have been invaluable for the company”.