Bengaluru-based legal tech startup Jhana has raised $1.6 million in a seed funding round through venture capital firm Together Fund, led by Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg.
Other notable investors include Shyamal Anadkat, angel investor and member of OpenAI’s applied AI team, Scott Davis, former vice president at cloud company VMWare, Razorpay founders Harshil Mathur and Shashank Kumar, and CRED CEO Kunal Shah.
What will Jana do?
Founded in 2021 by Harvard classmates Em McGlone, Hemanth Bharata Chakravarthy, and Benjamin Hoffner Brodsky, Jhana aims to revolutionize the legal industry by providing AI-driven paralegal solutions. The startup’s technology is designed to help lawyers, law firms, and in-house legal teams streamline tasks such as legal research and document review.
The company’s flagship product, AI Paralegal, leverages natural language processing to generate legal output like propositions, citations, notes, recommendations, etc. Jhana’s proprietary database consists of over 15 million case records, statutes, and academic sources, enabling the company’s AI to provide accurate and comprehensive legal research assistance.
Purpose of the donation
With this new capital infusion, Jhana plans to expand its proprietary legal datasets and AI models. Additionally, the funds will be used to hire top researchers in the field of law and artificial intelligence, which will help the startup scale its operations.
Bengaluru-based legal tech startup Jhana has raised $1.6 million in a seed funding round through venture capital firm Together Fund, led by Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg.
Other notable investors include Shyamal Anadkat, angel investor and member of OpenAI’s applied AI team, Scott Davis, former vice president at cloud company VMWare, Razorpay founders Harshil Mathur and Shashank Kumar, and CRED CEO Kunal Shah.
What will Jana do?
Founded in 2021 by Harvard classmates Em McGlone, Hemanth Bharata Chakravarthy, and Benjamin Hoffner Brodsky, Jhana aims to revolutionize the legal industry by providing AI-driven paralegal solutions. The startup’s technology is designed to help lawyers, law firms, and in-house legal teams streamline tasks such as legal research and document review.
The company’s flagship product, AI Paralegal, leverages natural language processing to generate legal output like propositions, citations, notes, recommendations, etc. Jhana’s proprietary database consists of over 15 million case records, statutes, and academic sources, enabling the company’s AI to provide accurate and comprehensive legal research assistance.
Purpose of the donation
With this fresh capital infusion, Jhana plans to expand its proprietary legal datasets and AI models. Additionally, the funds will be used to hire top researchers in the field of law and artificial intelligence, helping the startup scale its operations and strengthen its product offerings.
The startup, which is already beta testing its AI solution with over 800 users, aims to make legal processes faster, more efficient and less error-prone through advanced AI models.
“Lawyers are some of the smartest and most capable people, but they spend a lot of their time on routine tasks like searching for a needle in a haystack and patterned negotiations,” Hemanth Bharata Chakravarti said.
“So the aim of our experiment with incorporating AI into the legal system is to see how legal work can be made most creative, satisfying and realised, and how assistants can make the law more understandable for both lawyers and clients.”
Investor Comments
“At Together Fund, we are excited to back innovative companies leveraging AI to address key challenges in the legal sector. Jhana’s AI-driven paralegal solution has the potential to transform how legal professionals operate, increasing efficiency and accessibility in the domestic market. We look forward to partnering with the team as they continue to redefine the future of legal support,” said Manav Garg, Founder of Eka Software and SaaSBhoomi, Managing Partner at Together Fund.