Skribe.ai, a legaltech platform secures $3.5million in funding. The backers were not disclosed. With the money, the company plans to plan and carry out early-stage projects in order to get ready for broad commercialization.
The company has increased its Seed Round target to $4.5 million. The $1 million that remains will be used to develop the sales, marketing, and customer success teams in order to boost revenue growth and improve AI features.
Read also – [Funding News] CA-based WitnessAI Secures $27.5Million in Series A Round Funding
Under the direction of CEO Tom Irby, Skribe.ai is a virtual platform powered by Zoom that gives litigating attorneys the tools they need to gather and evaluate testimony more quickly and effectively using cutting-edge software.
About Skribe
An AI-powered, user-friendly substitute for the more than 7,000 court reporting companies in the US is Skribe. Skribe was created in reaction to the following three megatrends that litigators were facing:
Court reporters are in short supply—by 30% and still expanding. Advantages of widespread Zoom usage include cost savings and convenience. Working with court reporting companies is getting more and more difficult due to their high costs. For standard transcription and video services, the rate is approximately $800 per hour.
