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Fileread AI Secures $6 Million in Seed Funding to Revolutionize Litigation Storytelling

Fileread AI Secures $6 Million in Seed Funding to Revolutionize Litigation Storytelling

July 12, 2023

San Francisco, CA - Fileread AI, a leading provider of litigation story-building AI, announced today that it has successfully raised $6,000,000 in a seed funding round. The investment was led by Soma Capital and Gradient Ventures, two prominent venture capital firms with a proven track record of supporting innovative technology startups.

Founded by Chan-Hee Koh, Fileread AI is headquartered in San Francisco, California and operates in the software development industry. With this new round of funding, the company aims to further enhance its cutting-edge AI technology and expand its reach in the legal sector.

Litigation, known as the ultimate high-stakes storytelling forum, requires a deep understanding of complex legal documents and a unique ability to construct compelling narratives. Fileread AI has emerged as the industry leader in this space, offering an unparalleled solution to help innovative law firms gain a significant competitive advantage.

Unlike traditional methods relying on complex boolean searches, Fileread AI revolutionizes the process by allowing users to interact with the system using natural language questions. The AI system leverages advanced machine-learning techniques to provide human-like responses, making the process of extracting critical information from legal documents more efficient and intuitive than ever before.

Chan-Hee Koh, the Founder of Fileread AI, expressed enthusiasm about the funding and the opportunities it presents. "We are glad to have the support of Soma Capital and Gradient Ventures as we continue to innovate and redefine the way litigation stories are built," said Koh. "This funding will enable us to further develop our AI technology and expand our services, ultimately empowering legal professionals to gain a unique competitive edge."

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