LinkSquares, a Boston based legal startup which artificial intelligence to manage legal contracts, announced the completion of a heavily oversubscribed financing round.
That round gave LinkSquares $4.8 million. The round was led by Hyperplane Venture Capital and Mass Mutual Ventures. A top 50 law firm which was not named has also joined in.
“We are very excited about working with all our new investors for this round,” said LinkSquares CEO Vishal Sunak in a statement. “Both of the co-leads share a vision and excitement around using technology to replace historically manual processes.” He adds the company will use the funding to expand its services to help legal counsel operate more efficiently for their business clients.
John Murphy, Co-Founder and Managing Partner at Hyperplane, will be joining LinkSquares as a board member. “As intelligent tools continue to proliferate, we believe there is a huge opportunity to use AI to automate the routine, recurring processes within different functional areas of an organization.” said Murphy. “LinkSquares provides an elegant solution that allows legal professionals to automate these manual, low value tasks and focus on what’s really important.”
In its 4th year in business, LinkSquares has been on a hot growth streak, with such customers as VMWare, DraftKings, Kensho, Asurion, Carbonite and Wish.com.
Photo image credit: LinkSquares