Superlegal, an AI-powered contract review platform for small and medium-sized businesses, announced a $5 million seed funding round .
Co-led by Aleph and Disruptive AI fund, with additional participation from Alicorn Venture Capital, Tom Glocer, and a Google AI Startups Fund grant. Founded by Noory Bechor, Superlegal leverages a regulatory change in Utah allowing it to practice law as a technology company, providing AI-powered, lawyer-verified contract reviews nationwide.
Superlegal’s SaaS platform digitizes the contract review process, offering businesses a streamlined, cost-effective alternative to traditional legal services. Documents are reviewed by AI and vetted by human attorneys, ensuring accuracy and compliance. Clients receive feedback within 24 hours, significantly reducing deal cycle times and legal costs by up to 70% and 90%, respectively.
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Superlegal targets industries with high contract volumes, such as construction, which benefits from faster contract completion and reduced legal expenses. For example, ESC Spectrum reported saving $8,000 and 16 hours monthly using Superlegal.
Amidst a competitive market of legal AI firms, Superlegal focuses on serving business laypeople by simplifying the contract review process. With the new funding, the company plans to enhance its product development, potentially incorporating chatbot functionality and business plugins, while expanding marketing efforts to increase brand recognition.
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