Proof Technology has secured $30.4 million in Series B funding to advance its online litigation services marketplace. The investment will support the legal technology company in scaling its platform for legal document serving, eFiling, and other litigation services. The marketplace, serving over 5,000 law firms and government agencies, facilitates document delivery through a nationwide network of process servers, electronic court filing services, and remote notarization. Notably, Proof Technology boasts higher delivery success rates and shorter time frames for document processing compared to industry averages, thanks to its extensive network of process servers across the country and U.S. territories.
Eric Voogt, the founder and CEO of Proof Technology, envisions the company becoming the primary online marketplace for lawyers seeking various litigation services requiring human intervention. The platform has streamlined the serving and filing of legal documents since its inception, reducing time and hassle. Proprietary artificial intelligence (AI)-powered technology analyzes uploaded legal documents, capturing crucial information such as court location, involved parties, and applicable rules. This data is used to identify the most suitable process server for document delivery.
With the newly secured funding, Proof Technology plans to accelerate revenue growth, expand electronic filing capabilities, enhance integrations with legal industry case management software, and further leverage AI to enhance efficiencies for users. The company's AI technology aligns with the broader trend in the legal industry, where generative AI is recognized for its potential to expedite tasks without compromising quality. PYMNTS Intelligence suggests that generative AI can help law firms meet the increasing demand for transparency and efficiency in the market.
In a similar development, online payments firm AffiniPay has recently embedded generative AI into its legal technology offerings to enhance productivity for legal professionals. AffiniPay's tools include document summarization capabilities, AI-powered text editing, a case and firm search solution, and automation tools for creating workflows, sending payments, and opening files.
Comments