Alexi Canadian Legal Legal Alex uses owner artificial intelligence technology to allow law professionals to simplify dispute processes and get better results for customers.
Available through Canada and the United States, Alexi tools range from the generation of detailed research memos with relevant case law to summarize complex legal documents. The platform can reduce routine litigation tasks up to 80%, According to CEO Mark Doblewhich founded Alexi in 2017.
Today, Alexi announced a debt ease that relies on the A series A of $ 15 million in the Toronto Company led by Drive Capital last year.
The debt installation of $ 4.5 million comes from TD Innovation PartnersA division of the Toronto-Dominion Bank providing “tailor-made banking solutions”.
“This additional TDIP financing underlines our record growth in 2024 and positions us to offer an even greater value to our customers, allowing litigants to stay in advance on the curve and meet the evolutionary needs of today’s customers And complex cases, “said Doble Week.
The company recently launched new products: Advanced legal reasoning and Alexi Enterprise.
“The launch of ALR and Alexi Enterprise has aroused significant interest in the legal sector, with appetites of litigants for innovative and high -value AI solutions that stimulate the efficiency and high customer results,” said Doble.
Mark Kiyonaga, director of TD Innovation Partners, says that the bank is “Hreld to play a role in supporting Alexi’s growth while they continue to provide innovative solutions for the legal community”.
“Their commitment to the excellence of products, the strong management team and their ability to align themselves well with our objective of supporting transformative companies that modify the functioning of industries,” said Kiyonaga.
Alexi expansion plans for 2025 include the deepening of its product offers, improving customer experiences and scaling its scope across North America, according to a press release ‘business.
“Securing this ease of debt not only reinforces our assessment, but also establishes a solid partnership with one of the main financial institutions in Canada,” said George Taleporos, who is vice-president of finance at Alexi. “It guarantees that we have the resources to achieve our ambitious growth goals and continue to innovate for our customers.”