Gurugram-primarily based legaltech startup MikeLegal on Friday introduced that it had raised an undisclosed seed spherical from US-headquartered mission capital company SOSV and Australia-primarily based totally VC company Artesian.
Tushar Bhargava, Co-founding father of MikeLegal, stated, “MikeLegal is presently assisting prison groups automate their complete trademark processes, which nowadays is essentially manual0driven main to lacking out on comparable infringements and vital closing dates presently controlled on an Excel sheet. Using MikeLegal’s AI algorithm, groups could make higher data-pushed selections in one-fourth the time. Moreover, MikeLegal can be searching at increasing to reviewing contracts and proofreading them the use of AI in coming months.”
The startup stated the finances can be used to ramp up its product and income crew and to scale its operations to different prison domain names and geographies.
“Legaltech as an enterprise remains at a nascent level in India and we accept as true with there’s a massive possibility to disrupt the space. Having a massive VC accelerator like SOSV and a employer like Artesian backing us lets in us to attain our imaginative and prescient faster,” says Anshul Gupta, Co-founder and CEO of MikeLegal.
Founded via way of means of Tushar Bhargava and Anshul Gupta in 2017, MikeLegal claims that it’s far already operating with 100+ agencies starting from diverse Tier I regulation corporations and corporates along with Reliance Industries, Pidilite, Bharti Airtel, Hero MotoCorp, Sun Pharmaceuticals and Bajaj Finance to call a few.
Oscar Ramos, Partner at SOSV and Managing Director of Chinaccelerator, added,
“We are very excited to work with the MikeLegal crew to convey every company their own AI-powered “Mike Ross” (Suits). The crew has constructed a product this is serving not only regulation corporations however additionally SMEs and massive MNCs in India.”
