[Funding News] Jhana Raises $1.6 Mn Seed Funding Round

Jhana, a legal-tech startup that specializes in AI-powered legal assistants, has secured $1.6 million in a preliminary funding round led by Girish Mathrubootham (founder of Freshworks) and Manav Garg (founder of Eka Software) through their VC fund, Together Fund.

The company stated that Jhana intends to utilize the new capital to further develop its proprietary legal datasets and models, as well as to expand its team with researchers in artificial intelligence and law.

The round was also attended by a number of prominent investors, such as Shyamal Anadkat of OpenAI, Scott Davis from VMWare, Kunal Shah, the founder of CRED, Harshil Mathur and Shashank Kumar, the founders of Razorpay, Cory Levy, the founder of First Text, Z Fellows, and After School, and Ojas Shukla.

The company anticipates that Indian investors will contribute additional funds, and the full round will be disclosed to the public in the near future.

Jhana offers AI-powered legal assistants that are specifically designed to simplify the research and document review processes of attorneys, law firms, and in-house legal teams.

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Jhana's AI paralegal solutions enable users to generate legal outputs, including propositions, citations, and comprehensive memos, by utilizing natural language inputs. The system guarantees the accuracy and comprehensiveness of legal research by utilizing a proprietary database that contains over 15 million case law records, statutes, academic sources, and web-based references.

The startup also provides enterprise clients with customizable and segregated AI solutions, which allow them to integrate AI into their current cloud and file ecosystems. Jhana's solutions are designed to enhance productivity and minimize errors in legal work by utilizing AI.

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