The legal tech startup has closed a seed round led by Pragmatech Ventures to fund international expansion and product development.
"The legal review market has moved away from simple data extraction, to solutions that provide end-to-end support of the entire legal review process. AI has moved up the value chain in legal, and users just don't want to use pre-trained, customized AI, due to the time it takes to train those models and the cost involved in doing that. Larger transfer learning-based models, like Della's, are replacing those legacy solutions, and we are enabling lawyers to use AI to help with more and more complex tasks."
The seed financing was provided by angel investors to fund product development and team expansion.
"Versori is a really exciting group of technology solutions that address the increasing problems in their respective markets. We aim to build and provide mission-critical software and platforms to our customers. Switchboard changes the way any scale business integrates and manages business systems and workflows, while Koja tackles the huge problems that the payment industry faces with a fresh commerce first approach to financial transactions. We can’t wait to grow the business with our amazing founding team and customers who were lucky enough to get to the front of the waitlist!"
BNP Paribas Securities Services has joined the Proxymity Consortium as part of the extended Series B round.
"We’re delighted to welcome BNP Paribas Securities Services to the Proxymity Consortium. Immediately, this investment enhances our global reach and brings us closer to our vision."
Stride VC led the seed round for the workplace mental health platform, which will use the funds to roll out new digital tools and expand its care offerings.
"We are very excited to back Oliva in delivering this best-in-class workplace mental health platform."
