Bengaluru-based AI paralegal startup Jhana.ai has announced that it has raised $ 1.6 million in a first round of funding that it began closing in December 2023.
The startup, founded in Harvard in 2021, has been beta-testing and selling AI legal assistants to lawyers, firms, and in-house teams of various tiers across the country.
The funds will be used to develop proprietary datasets and models as well as to hire world-class researchers both in the law and artificial intelligence domains.
Girish Mathrubootham, the founder of Freshworks, and Manav Garg, the founder of Eka Software, led the funding round through their venture capital fund, Together Fund.
The round also had participation from a number of other select operators and funds. Operators who participated include Shyamal Anadkat—angel investor and member of the Applied AI team at OpenAI, Scott Davis—former Vice President of the cloud company VMWare, Harshil Mathur and Shashank Kumar—the founders of Razorpay and Partners at Mars Shot, Kunal Shah—the popular founder and angel investor, Cory Levy—investor and the founder of First Text, Z Fellows, and After School, and Ojas Shukla. An India portion of the round is still being closed and will be publicly disclosed soon.
Jhana is a homegrown foundational legal intelligence lab producing datasets, models, applications, and platforms that help produce legal work easier, faster, and with higher fidelity.
“At Together Fund, we are excited to support innovative companies that leverage AI to address key challenges in the legal landscape. jhana’s AI-driven paralegal solution has the potential to transform how legal professionals operate, enhancing efficiency and accessibility within the domestic market. We look forward to partnering with the team as they continue to redefine the future of legal support,” Manav Garg, the Founder of Eka Software and SaaSBhoomi and a Managing Partner at Together Fund, said.
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