DeepJudge has announced that it has raised $10.7 million in an oversubscribed seed funding round led by Coatue, with participation from notable angel investors such as Gokul Rajaram, Michele Catasta and others.
“DeepJudge is one of the first products on a mission to empower legal teams to harness their internal data to make strategic decisions. From a technology standpoint, we are impressed by DeepJudge’s approach to solving data retrieval, which we believe is crucial to achieve high-quality generative results. We are excited to support DeepJudge as they seek to gain traction in the legal industry and grow their client base”, said Caryn Marooney, General Partner at Coatue.
Since the company was founded in 2021, it has been dedicated to addressing a fundamental challenge in the legal sector: the ability to efficiently find and use the troves of internal data that lawyers and other legal professionals generate daily.
Today, DeepJudge Knowledge Search allows firms to instantly locate relevant content from across the enterprise, including document management systems, the Microsoft 365 ecosystem, and other tools.
They have further announced the availability of DeepJudge Knowledge Assistant, the only generative AI interface for law firms and legal departments powered by the institutional knowledge contained within all of a firm’s documents. DeepJudge Knowledge Assistant uses Retrieval-Augmented Generation (RAG) technology to provide the most relevant, up-to-date information, ensuring high-quality answers are grounded in each organization’s comprehensive internal knowledge base.
“Knowledge Search allows me to write intuitive queries and to be as specific as I want to be; something that was not possible before with the keyword-based enterprise search engines. Knowledge Search is a fundamental part of our work and our lawyers were quick to adapt as it’s as intuitive as using Google. The adoption rate has been remarkable, with more than 80% of Homburger’s legal professionals incorporating it into their workflow and a level of engagement that is unparalleled compared with other legal tech tools at the firm”, commented David Oser, partner in M&A at Homburger, one of the largest Swiss law firms.
