New investment quickly follows the launch of new litigation automation technology Compose
SAN FRANCISCO — Casetext, the litigation automation company, today announces $8.2 million in new funding. The round was led by one of the top-revenue generating law firms in the country, underscoring the industry’s early interest in Compose, the brief automation technology announced by Casetext last month.
This new investment brings Casetext’s total funding to over $40 million. Several inside investors also participated in the round, including Union Square Ventures, Canvas Ventures, and Y Combinator Continuity.
“We’re honored to have one of the top law firms in the country as Casetext investors,” says Jake Heller, CEO and co-founder. “I view this investment as validation that the legal industry shares our vision for the future of law — and believes we’re the right company to build it.”
This announcement comes just a few weeks after the launch of Compose, technology that automates the first draft of a legal brief. Compose enables an attorney to construct a compelling, well-supported draft of a brief in an hour or less. The attorney simply enters basic information about the brief, and Compose provides the available arguments and applicable legal standards, which the attorney can add with a click.
Casetext accepted the additional funding in order to invest more heavily in Compose, which law firms and corporate legal departments are already turning to for help bringing down litigation costs in this time of economic volatility.
Casetext is a litigation automation company that enables attorneys to provide consistently high-quality representation efficiently. In 2016, Casetext released its comprehensive legal research platform — now used by over 5,000 U.S. law firms — which leverages A.I. technology to automate much of legal research. In 2020, Casetext made the next big leap in litigation automation with Compose: first-of-its-kind technology that automates substantive elements of litigation.