Wordsmith (Seed)
Funding Details
- Awarder
- RSS - theaiinsider.tech
- Date Award
- June 20, 2024
- Vertical
- LegalTech
- Funding URL
- View Funding Page
- Funding Amount:
- $5,000,000
Company Info
- Founders
- Ross McNairn
- Company Description
- Wordsmith is an AI-powered legal assistant platform that aims to transform the legal industry by enhancing the productivity of legal professionals, reducing routine tasks, and providing significant cost savings. The platform enables in-house legal teams to achieve 90% of the output of a top-tier lawyer at a 99% cost reduction, leveraging AI to augment rather than replace human expertise.
- Market
- Legal
- Location
- Edinburgh, Scotland
- Coinvestors
- Index Ventures, General Catalyst, angel investors including Skyscanner founder Gareth Williams