In other sectors, AI is also causing disruption. New York-based Anterior, an AI healthcare administration platform, secured a $20 million Series A funding round. The company's AI co-pilot assists with insurance approvals and reduces denial rates for care. Additionally, Salt Lake City-based Jump, which uses AI to automate tasks like notetaking and data sifting from client calls, raised $4.6 million in a funding round.
Key takeaways:
- AI startup Harvey is reportedly looking to raise $600 million at a $2 billion valuation. The company's platform assists with the research and analysis of legal documents.
- Legal tech startup funding is slightly down this year, with startups raising only $356 million so far, compared to the $871 million raised last year.
- Other AI startups in the legal tech industry that have raised significant funding this year include London-based Robin AI, New York-based DraftWise, and Toronto-based Spellbook.
- AI is also disrupting the healthcare and financial services industries, with New York-based Anterior and Salt Lake City-based Jump recently securing funding for their AI-based platforms.