Courtesy photo Contract Review Startup Superlegal Announces $5 Million Seed Funding Round
Started by the founders of LawGeex, Superlegal looks to cater specifically to small- and medium-sized businesses.
May 24, 2024 at 05:17 PM
2 minute read
Artificial Intelligence
On Wednesday, contract review startup Superlegal announced that it raised $5 million in a seed funding round co-led by Aleph and Disruptive AI fund, with the participation of Alicorn Venture Capital and former Thomson Reuters CEO Tom Glocer.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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