Josef, a legal automation firm, completed a rapid funding round to enhance its AI-driven tool, Josef Q, which helps legal and compliance teams create self-service Q&A tools. The funding round included investors OIF Ventures, Carthona Capital, and The LegalTech Fund, and although the amount raised is undisclosed, Josef had previously secured $3.5 million in 2022 and $1 million in 2019.
Since entering the North American market, Josef has gained clients like L’Oréal, Bumble, Bupa, Orrick, Gunderson Dettmer, NYU, and Cornell. The company plans to use the funding for further development of AI controls and integration with platforms like Microsoft Suite and Salesforce.
Josef Q, developed in collaboration with OpenAI, converts policies into digital Q&A tools, helping users quickly find answers to compliance inquiries. Bupa has used it to create legal marketing and HR policy tools, reporting significant operational efficiencies. The tool has applications in various sectors, providing automated guidance on regulations and responding to tax law inquiries.
Josef’s leaders emphasise the importance of demonstrating safe and effective AI implementations in legal and compliance environments.
Source LawSites
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