The CEO of legal tech firm LawGeex — which helps automate contract review — lays outs how its new AI patent could turbocharge demand

LawGeex, a startup that automates the contract review process, has patented its artificial intelligence technology — a milestone that signals growing comfort with machine learning in law and could accelerate growth for the business.

The AI analyzes documents based on the contract’s context with “the mind of a human lawyer,” according to Noory Bechor, the company’s co-founder and CEO. This contextual approach takes into account surrounding factors like company policies, the document type, and whether the client is the buyer or seller. Read more…

LawGeex intends on using the capital raised to grow its sales and customer success teams while eyeing a push into other English-speaking territories.

HBO’s Vice News features LawGeex in its latest special report on “The Future of Work.” And in a repeat of the AI vs. Lawyer competition this time officiated by Vice News, the LawGeex AI came out ahead.

On Friday, April 19, 2019, Vice News reported on the technological revolution overtaking the world in transportation, distribution, food service, health – and legal. Read more…

Which products haven’t been imbued with artificial intelligence (AI) at this point? In 2018, analysts pegged the global AI market at a whopping $7.35 billion, buoyed by the influx of machine learning-aided image recognition, object identification, detection, and classification, and geophysical detection startups, apps, and services in every conceivable sector (and particularly enterprise). But as with all promising technologies, not every AI startup, app, and service will pan — or has panned — out, and it becomes harder with each passing day to separate the wheat from the chaff.