Darrow raises $35 million Series B to detect legal violations with AI platform
Darrow raises $35 million Series B to detect legal violations with AI platform
The Israeli startup’s platform leverages generative AI to sift through publicly available information, such as consumer complaints, administrative documents, SEC filings and more, and connect relevant data points to detect legal violations, predict their outcomes and assess their financial impact
Darrow, which has developed a Justice Intelligence platform, announced on Tuesday that it has raised $35 million in Series B funding. Georgian led the round, which included current investors, F2, Entrée Capital and NFX.
Darrow’s platform, based on large language models, is designed to detect and support potential class action litigation. The company was founded in June 2020 by CEO Evyatar Ben Artzi, CTO Gila Hayat, and Elad Spiegelman, who is no longer active in the company. Ben Artzi and Spiegelman met at the Hebrew University Law School in Jerusalem. After graduating, they clerked together at the Chambers of Israeli Supreme Court Justice Uzi Vogleman. Hayat was a senior software engineer and team leader at Unit 8200. Darrow, which took its total funding to $54 million, currently employs 85 people, 10 in the U.S. and the rest in Israel.
“Every day, countless legal violations impacting a vast number of individuals slip through the cracks, though the evidence behind these violations and the legal theories to support potential cases are widely available,” said CEO Evyatar (Evya) Ben Artzi. “It isn’t humanly possible for lawyers to parse through this endless amount of data, so Darrow’s platform leads this crucial piece of the process, helping law firms grow their business while maximizing impact for the people they serve.”
Darrow’s platform leverages generative AI to sift through publicly available information, such as consumer complaints, administrative documents, SEC filings and more, and connect relevant data points to detect legal violations, predict their outcomes and assess their financial impact. This seeks to cut down hundreds of costly unbillable hours between cases and uncover new business opportunities.
According to Darrow, since its inception it has uncovered hundreds of cases across legal domains, including privacy and data breach, consumer protection, securities and financial fraud, antitrust, environment and employment. Darrow works with hundreds of litigators in 50 leading law firms and has uncovered hundreds of alleged violations resulting in active litigation work totalling over $10 billion.
