Comcast Ventures' Catalyst Fund has backed the legal research software developer's $8.7m series A round as it looks to expand into new practice areas and product lines.
US-based artificial intelligence (AI)-focused legal software developer Ross Intelligence closed an $8.7m series A round yesterday featuring Comcast Ventures, the corporate venturing arm of mass media group Comcast.
Venture capital firm iNovia Capital led the round, which included Real Ventures, angel investor Nicolas Pinto and accelerators Y Combinator and NextLaw Labs. Comcast Ventures contributed through its Catalyst Fund, which targets investments in startups led by underrepresented minorities.
Founded in 2015, Ross has developed a software platform that uses AI to help legal…