Darrow's platform works by crawling thousands of sources of publicly available information, identifying patterns that indicate a legal violation and potential litigation. The company also provides a predicted legal outcome of a potential case and its possible value. Currently, around 50 law firms use Darrow's product, and the company has raised just under $60 million in total from investors including Y Combinator and R-Squared Ventures.
Key takeaways:
- Darrow, an AI-based startup that uses publicly-available documents to search for potential class action litigation, has raised $35 million in a funding round.
- The startup plans to use the funding to hire more engineers and business development talent, add more areas of focus to its search and analytics tools, and invest in expanding its large language models and other technology assets.
- Darrow's technology, described as a "justice intelligence" platform, crawls thousands of sources of publicly available information to find patterns that indicate a legal violation and potential litigation.
- The startup has identified a range of violations, including environmental violations, personal data breaches, discrimination at banks, and antitrust violations, among others.