Wexler AI, a London, UK-based provider of an AI-powered legal fact intelligence platform, raised $1.4M in Pre-Seed funding.
The round was led by Myriad Venture Partners, with participation from Entrepreneur First, and angel investors at ComplyAdvantage, Moonpig, Tractable, and CreditKudos.
The company intends to use the funds to expand its platform in 2025 including new features such as automated document drafting, advanced fact-checking tools, and streamlined discovery requests.
Led by Gregory Mostyn and Kush Madlani, Wexler provides an advanced agent for complex dispute tasks, which produces verified work output directly from case facts, automating steps like drafting, generating court applications, and extracting data from vast document sets. It uncovers red flags, suggests follow-ups, and enhances case strategy as an active partner, enabling legal teams to drive efficiency and deliver results on the most challenging cases.
Since its launch in April of this year, Wexler AI has processed over one million queries, achieved approximately 2X month-over-month growth, and more than tripled its annual recurring revenue (ARR). The platform enables law firms to help manage large caseloads with accuracy, reallocating resources from time-intensive manual review to high-value legal strategy. Built by security and privacy experts, the platform uses user-specific encryption keys, masks personal data, and meets ISO 27001, GDPR, and AWS Cloud Security standards.
FinSMEs
03/12/2024