We are excited to announce that our first portfolio company, ROSS Intelligence, has secured an $8.7 million Series A funding round led by iNovia Capital with participation by Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Nextlaw Ventures, Kima Ventures and Apple’s deep learning lead, Nicolas Pinto. This $8.7 million funding round adds to ROSS Intelligence’s $4.3 million Seed round which was also led by iNovia Capital, with participation from Y Combinator, Real Ventures, Nextlaw Ventures, Hedgewood, Griver Capital Group, ACE & Company, The Family, and LinkedIn’s former Director of Engineering, Diego Basch.
The team at ROSS Intelligence is also welcoming enterprise sales executive Scott Sperling, WeWork’s former Head of Sales, as their Vice-President of Sales. Sperling will be leading the expansion of ROSS Intelligence’s sales efforts across the United States. Additionally, Daniel Rodriguez, legal education trailblazer and outgoing Dean of Northwestern Pritzker School of Law, will be joining the ROSS Intelligence team in an advisory capacity focusing on ROSS’ law school expansion and access to justice initiatives.
In just over two years since it launched, ROSS Intelligence pioneered bringing modern applications of artificial intelligence to the legal industry. The company was founded in 2015 by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, where recent AI breakthroughs were pioneered. Today, lawyers are using ROSS Intelligence across almost every state in the United States. Lawyers rely on ROSS to streamline their legal research processes, from their initial searches to monitoring the law around the clock to ensure they never miss out on new developments in the law, which can make a critical difference to their cases.
ROSS Intelligence’s rapid growth has been driven by increased pressure within the legal industry to streamline efficiencies via the use of modern technology. Clients of ROSS Intelligence include industry-leading law firms such as our lead supporter Dentons, as well as Latham & Watkins, Shearman & Sterling, Sidley Austin, Bryan Cave, Carlton Fields, Sedgwick, Kobre & Kim, BakerHostetler, K&L Gates, Fennemore Craig and Womble Carlyle.
Over the last year, ROSS Intelligence has grown its staff located in San Francisco and New York and launched its AI R&D Headquarters in Toronto, Canada. Building on its momentum, ROSS Intelligence will be using the additional financing to continue to expand its current offerings into other practice areas (with Labor & Employment law coming next), launching new product lines outside of legal research, accelerating product growth and innovation, and investing in expanding sales and marketing resources.