LegalSifter Inc. raised $1.20 million of Seed 1C funding from undisclosed investors on Oct. 2, 2019, according to PitchBook, putting the company’s post-money valuation at $16.2 million.
Previously, the Pittsburgh startup raised $3.01 million through a combination of Series 1A and 1B seed funding in a deal led by Birchmere Ventures on Nov. 30, 2018. Active X-IT and BlueTree Allied Angels also participated in the round.
Spun out of Carnegie Mellon University in 2013, LegalSifter developes automated legal document analysis technology designed to transform legal documents into data and business insights. The company’s technology offers analysis and in-context advice using artificial intelligence, enabling organizations to draft, analyze, negotiate and manage legal documents and agreements.
The startup is led by CEO and board member Kevin Miller, who previously spent nearly nine years at Industrial Scientific Corp, as well as Chief Science Officer Lars Mahler, who co-founded LegalSifter while completing his graduate degree at CMU.
