Company Overview
Snapshot
Founded in December 2014 by Noory Bechor and Ilan Admon, LawGeex operates with 11–50 employees. The company has raised $46.75 million across 6 funding rounds from 12 investors, with Aleph participating in multiple rounds. In May 2024, LawGeex secured a Seed round with participation from Aleph and Disruptive AI.
Business overview
LawGeex provides an AI-powered contract review automation platform designed to streamline legal processes for businesses. Its core technology leverages machine-learning algorithms and text analytics, combined with legal expertise, to deliver in-depth contract reviews. The platform highlights unusual, problematic, or missing clauses, and offers statistical benchmarks to simplify decision-making for various contract types. LawGeex primarily serves legal teams within enterprises, aiming to expedite review turnaround, ensure compliance, and enhance operational efficiency in the business software sector.
Strategic signal
In September 2022, LawGeex announced plans to lay off staff and pivot its focus towards small-enterprise clients. This strategic shift indicates a re-evaluation of its market approach, moving from larger corporate legal teams to potentially more agile and accessible small business segments. For investors, this signals a significant operational restructuring aimed at optimizing resources and targeting a new growth vector within the legal tech market.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent funding event for LawGeex?
- In May 2024, LawGeex secured a Seed funding round with participation from Aleph and Disruptive AI.
- What strategic change did LawGeex announce in September 2022?
- In September 2022, LawGeex announced plans to lay off employees and pivot its business model to focus on small-enterprise clients.
- Which law firm partnered with LawGeex in January 2020?
- In January 2020, global law firm White & Case deployed LawGeex's software on a white label basis for client contract review needs.
- What award did LawGeex receive in June 2019?
- In June 2019, LawGeex received the Technology Advancement in Law Award at the Burton Awards ceremony, recognizing its Contract Review Automation platform.