TrialView, an AI-powered legal tech platform, has secured a $4.1m (£3.1m) investment as it looks to rapidly scale its headcount.
Founded in 2014, TrialView is a litigation platform designed for legal case preparation, management and presentation.
Using AI, the platform “mines” documents, helping legal teams identify and manage key evidence.
The group has largely been self-funded and has claimed to have achieved $3m in annual recurring revenue. TrialView said it is used by 15 of the UK’s top 20 law firms and is now looking to expand into new markets, such as the US, Singapore and Australia.
“This investment is a significant milestone for TrialView. It helps us promote our vision of helping litigators serve their clients through more effective case preparation,” said Stephen Dowling, founder and chief executive of TrialView.
“Our platform is more than an AI tool – it’s a partner for disputes teams through the life cycle of a case. This funding will allow us to accelerate the development of our AI-driven features, expand our team, and establish a stronger presence in key markets, including the US.”
The investment round was led by Elkstone Ventures.
“TrialView has developed a truly transformational platform for the legal sector. Their team has a deep understanding of their customers and the challenges they face, borne of their own legal background, built for practitioners by practitioners,” said Niall McEvoy, managing director of venture at Elkstone.
“With a stellar customer base of top legal firms already using the platform, we are confident that TrialView’s software will become an indispensable tool for law firms globally, helping them to maximise their efficiency, enhance their legal strategy and increase their success rate.”
