MikeLegal, Asia’s first Artificially Intelligent legal associate with the aim to significantly ease and eliminate the effort currently required to manage IP related tasks has announced that it has raised seed funding from SOSV, a US-headquartered venture capital firm and Australia-based VC firm Artesian.
Speaking about the startup, Tushar Bhargava, Co-founder of MikeLegal, said, “MikeLegal is currently helping legal teams automate their entire trademark processes, which today is largely manual driven leading to missing out on similar infringements and important deadlines currently managed on an Excel sheet. Using MikeLegal’s AI algorithm, teams can make better data-driven decisions in one-fourth the time. Moreover, MikeLegal will be looking at expanding to reviewing contracts and proofreading them using AI in coming months.”
The startup would utilise the funds to ramp up its product and sales team and to scale its operations to other legal domains and geographies.
Launched in 2017 by Tushar Bhargava and Anshul Gupta, MikeLegal has been adopted by corporates like Reliance Industries, Glenmark, HeroMotoCorp, Airtel and firms like Anand and Anand, Selvam & Selvam and Altacit Global.
“Legaltech as an industry is still at a nascent stage in India and we believe there is a huge opportunity to disrupt the space. Having a large VC accelerator like SOSV and a company like Artesian backing us allows us to achieve our vision faster,” says Anshul Gupta, Co-founder and CEO of MikeLegal.
Commenting on the development, Oscar Ramos, Partner at SOSV and Managing Director of Chinaccelerator, added, “We are very excited to work with the MikeLegal team to bring every company their own AI-powered “Mike Ross” (Suits). The team has built a product that is serving not only law firms but also SMEs and large MNCs in India.”
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