In a significant benchmark for the legal tech sector, leading AI platform Kira Systems has sealed $50m of private equity backing from New York-based Insight Venture Partners, as legal tech companies continue to prime for growth.
The investment, announced today (5 September), is the first external backing the AI company has received since its inception in 2011, with ex-Weil Gotshal & Manges associate and co-founder Noah Waisberg and Kira CTO Alexander Hudek initially funding the start-up themselves. The company saw year-on-year revenue growth of more than 100% for 2017.
