On May 1, 2021, Advocat AI announced that it had closed a $1.3 million round of strategic financing from investors, including Spark Growth Ventures and San Diego Angel Conference. The funding will be used to reinforce development and build out the sales and marketing teams to accelerate customer acquisition.
We at Advocat AI are on a mission to transform the in-house legal department using the power of AI and knowledge graphs to reduce company risk and make the lives of in-house legal professionals easier by rapidly generating legal documents with high accuracy and better consistency across the company.
We are very pleased with the level of enthusiasm received from the investment community. There is an eagerness for technology to transform legal. Today’s solutions are too simple, costly, or complex. Our customer-driven solution provides higher efficiencies and cost savings to in-house attorneys by streamlining their workflows and providing actionable insights. And we have molded this within an industry-leading security and compliance framework.
“We are very pleased with the high-quality and experienced Advocat team that brings diverse and complementary skill sets necessary to build an innovative solution and a successful company.”
- Hem Suri, Managing Partner of Spark Growth Ventures
Advocat AI is a Microsoft Partner and is no stranger in the community. We have already been engaged with various organizations and programs including Microsoft for Startups, Seattle Angel Conference, Women In Cloud, Create22, M12’s Female Founders Competition, and others.