Home » Bench IQ raises $2.1 million in pre-seed funding round

Bench IQ raises $2.1 million in pre-seed funding round

By Startup Funding News
Bench IQ raises $2.1 million pre-seed funding round.

Bench IQ, a provider of legal research tools that enable lawyers to gain unparalleled insights into judges’ rulings in order to hone their legal arguments and strategies, announced the successful closure of a $2.1 million pre-seed funding round. 

Maple VC and Haystack co-led the investment round with participation from Inovia Capital, Soma Capital, Roach Capital, Alumni Ventures, Boon Fund, Andrew Arruda (CEO, Flexpa), Zain Manji, Arif Bhanji, Nivrith Sekhar, and Ronald Gosio.

The funding round also received contributions from tech leaders such as Jason Boehmig, CEO of Ironclad, and Qasar Younis, CEO of Applied Intuition and former COO of Y-Combinator. Additionally, top law firms like Cooley1, Fenwick, and Wilson Sonsini, along with senior partners at Kirkland & Ellis, also participated. 

Founded by two legal AI pioneers behind ROSS Intelligence (CEO Jimoh Ovbiagele and CTO Maxim Isakov) and a legal industry veteran from Kirkland & Ellis (VP Legal Services Jeffrey Gettleman), Bench IQ addresses a long-standing issue in legal practice: the fact that judges publish written opinions for only about 3% of all rulings. By leveraging the latest advancements in Large Language Models (LLMs), Bench IQ has compiled and is exploiting a new legal dataset. This dataset provides comprehensive insights into the decision-making patterns of judges, covering 100% of their rulings. Details on this achievement are currently confidential due to pending patents.

Commenting on the funding news Ovbiagele said: “We created Bench IQ for the best and brightest, working on cases with the highest stakes. They work tirelessly to deliver the best results. We help them anticipate the unexpected and leave absolutely nothing to chance.” 

“At present, Bench IQ is privileged to partner closely with 12 of the AmLaw 100 firms and counting. Given the competitive advantage Bench IQ offers, the company must keep these partnerships confidential to maintain its clients’ edge. Bench IQ looks forward to sharing more soon as circumstances change,” Ovbiagele added.

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