Legal AI foundation model developer Isaacus secures $700,000 pre-seed funding
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The news: Melbourne-based legal AI company Isaacus has raised $700,000 through a pre-seed funding round to support commercialisation efforts.
The context: The funding round was co-led by Aura Ventures and Galileo Ventures.
Isaacus is currently developing “legal-domain classification and text extraction models” and will use the funding to deliver “a new generation of legal embedding and generative models”.
The company aims to deliver specialised legal AI foundational models to legal tech companies like Harvey, Robin AI, AccuFind Law or SprintLaw, as a replacement for general AI foundation models.
Its technology is underpinned by the proprietary Blackstone Corpus, which covers “laws, regulations, cases, and other legal data from the US, UK, Canada, Australia, New Zealand, Ireland, the EU, and the United Nations”.
Isaacus said it is “releasing models directly to legal tech companies via a public API”, with a “small group of industry design partners” supporting development. It is also consulting with non-legal AI companies, law firms and other large enterprises that might require “sovereign legal AI capabilities”.
The company was founded by former federal Attorney-General’s Department assistant director of data science Umar Butler. He is supported by founding adviser Anthony Butler and founding engineer Abdur-Rahman Butler.
What they said: “Isaacus is building the core AI infrastructure for legal — what AWS became for the cloud, Isaacus aims to be for law,” Aura Ventures partner Mark Esterhuizen said.
Meanwhile, Galileo Ventures general partner James Alexander said: “We want to be the first to support the next generation of legal service providers through the delivery of best-in-class foundational legal LLMs”.
The source: Isaacus media release
