Only 5% of in-house legal counsels use AI, but they're spending 30% more each year outsourcing work. That's why we've led a $2.2M pre-seed for Ruli, the co-pilot for in-house counsels. Ruli’s LegalDesk tool automatically intakes and answers common legal questions based on a company’s own policies. It can review documents and imagery to flag legal issues and omissions, perform research and redlining, draft new docs, and recommend next steps. This massively improves efficiency so human counsel can focus on the most tricky, high-risk issues. Huge congrats to Bryan Lee & Xi Sun on the launch and being featured in Law(.com) and Law360 today. More on their mission to fix the in-house legal system here! https://lnkd.in/gs4T7kR4
Ruli is Coming Out of Stealth with $2.2M pre-seed! 🚀 We are thrilled to announce that Ruli, the AI Teammate for In-house Counsels, is officially emerging from stealth with a $2.2M pre-seed, led by SignalFire! Legal teams shared that they’re often understaffed and overburdened, leading to bottlenecks and delays – and often the culprit is an influx of Legal FAQs and a flood of requests for legal review. There is a need for solutions at the intake and triage stage. We automate answers to Legal FAQs, instantly unlocking productivity for stakeholders and infuse AI to streamline intake and automated legal review. We designed these features to alleviate the pressures on in-house legal teams, while presenting important issues forward. Ruli enables legal counsel to focus on the most complex, high-risk and relationship-oriented aspects of their work. 🎉 Excited to share our interview with Rhys Dipshan at Law.com https://lnkd.in/gzVjzsHH ✨ More details on our blog post: https://lnkd.in/gcZGXJhk 📣 A big thank you to our investors, including SignalFire, Foothill Ventures, Genius Ventures, Mana Ventures, PJC, and Bruce Gibney, for believing in our vision. Wayne Hu, Eric Rosenblum, Theresa (Wei) Dai, Ben Taft, Nick Simmons, Morgan Schwanke, Matt Hayes, David Martirano, Max Martirano, Carlos Jesena, and our extended SignalFire team: Heather Doshay, Josh Constine, Libby Hadzima Perkins, Yamiletzy Garcia, Veronica Mercado, Sadasia McCutchen, Jim Stoneham 😃 Special thanks to my co-founder, CTO Xi Sun, Design leader Dan Birman, and our incredible advisory team, Claire Hart and Danielle E. Simmons! #ai #legaltech #legalops #founders
More on Ruli in the press at Law https://www.law.com/legaltechnews/2024/06/24/legal-operations-startup-ruli-raises-2-2m-in-pre-seed-funding/ and Law360 https://www.law360.com/pulse/articles/1849387