In other news, AI startups Patlytics and Lawhive announced seed raises of £3.6m ($4.5m) and £9.6m ($11.9m) respectively. Patlytics, an AI-powered patent workflow platform, automates key aspects of the patent process, including initial drafting and office action responses, infringement evaluation, advanced search, and competitor intelligence. Lawhive, a UK online legal network, plans to use its seed funding to expand the reach of its services. It uses AI models to summarize documents and speed up repetitive tasks such as KYC/AML, client onboarding and document collection for both lawyers and their clients.
Key takeaways:
- vLex, a global online legal research provider, has launched a suite of AI-backed document analysis tools for litigation and transactional practitioners.
- vLex's Vincent AI Document Analyze can develop legal arguments, summarise documents, and compare law across jurisdictions.
- AI startups Patlytics and Lawhive have announced seed raises of £3.6 ($4.5m) and £9.6m ($11.9m) respectively.
- Patlytics, the AI-powered patent workflow platform, automates key aspects of the patent process, including initial drafting and office action responses, infringement evaluation, advanced search, and competitor intelligence.