Legartis announced its selection for participation in the “Startup Highway” program. This accelerator is Europe’s largest innovation platform, connecting industry leaders with promising technology startups. Legartis qualified together with 30 other technology startups from over 500 applicants for the 6th Startup Autobahn program.
AI is the new black
Based on Artificial Intelligence (AI), the Zurich-based Legal Tech startup Legartis is already scrutinizing contracts up to 40 percent faster than before. It offers novel ordering and analysis options for large volumes of data from legal documents. The Legartis KI provides a comprehensive insight into the contents of different contract types in German and English within seconds.
Over the next three months, the Swiss startup in the Accelerator will work with leading automakers, among others, to accelerate the digitization and automation of contract management.
The Legal Tech Revolution has arrived
“The Legal Tech Revolution has arrived and no longer excites technologically curious people. The decision to evaluate the Legartis KI on Startup Highway is an impressive testament to the power of our development, which we are very excited about, “said David Bloch, co-founder and CEO of Legartis. “The industrial partners of Startup Autobahn now have access to an innovative legal-tech solution that makes internal legal work sustainably simpler, more efficient and more effective”.
Program 6 of Startup Highway ends in July 2019 with the Expo Day, where Legartis and the other program participants will present their findings.
A little bit of history
Legartis was founded by Swiss lawyer David A. Bloch and German lawyer Marc von Samson-Himmelstjerna, previously head of the legal departments of eBay and Groupon in Europe and Asia. Together with the computer scientist Michael Fetzer (lead engineer at SBB) and computer linguist. Don Tuggener set up Legartis. In addition to the two founders sit dr. Karim Maisar, partner and head of the startup desks of the Swiss law firm Kellerhals Carrard, and dr. Thomas Dübendorfer, Entrepreneur and President Swiss ICT Investor Club, on the Board of Directors of Legartis.
The company secured one million Swiss francs in the first round of financing
His development work with innovative technology solutions is u.a. funded by the Swiss Commission for Technology and Innovation – KTI (now “Innosuisse”) since the end of 2017 for a research project with the Zurich University of Applied Sciences ZHAW. Since 2018, the European Commission has been supporting the Legal Tech Startup as part of the Horizon 2020 research and innovation program. Legartis has won several awards, including as Top50 Startups to invest by Bilan, Top60 W.A. Vigier Award and Red Herring Top 100 Winner.
Also published on Medium.