AI Startup DraftWise Raises $5M, With Help From Orrick Herrington & Sutcliffe
DraftWise is the third legal tech startup that leverages generative AI to secure investment just over the past four weeks.
June 28, 2023 at 09:00 AM
2 minute read
Today, generative AI startup DraftWise, which offers a contract drafting, knowledge and collaboration platform that operates within Microsoft Word, announced it has raised $5 million in a seed funding round led by venture capitalist firm Earlybird and including law firm Orrick Herrington & Sutcliffe.
DraftWise CEO and co-founder James Ding told Legaltech News in an email that the startup will leverage its new funding to expand its staff and market presence. "We're hiring strategically across engineering, product, and sales, iterating on our product roadmap, and investing in our broader GTM function."
Since its inception, DraftWise, which was founded in 2020 by former Palantir and Google engineers James Ding and Emre Ozen, and former Clifford Chance senior associate Ozan Yalti, has attracted a number of law firm clients and investors.
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