Noetica AI Raises $22M in Series A Funding to Expand Deal Benchmarking Platform
Noetica AI has quickly become a trusted source for deal data across the legal and financial sectors since its launch, providing valuable insights for deal professionals.
Company Name: Noetica AI
Location: New York, NY
Sector: AI, LegalTech, Finance
Funding Details: Raised $22M in Series A funding led by Lightspeed Venture Partners, with participation from Thomson Reuters Ventures, Bling Capital, Flybridge Capital, Company Ventures, and TheLegalTech Fund.
Leadership: Dan Wertman, CEO
Purpose of Investment: The company intends to use the funds to expand its platform and grow its customer base.
Product and Innovation: Noetica AI provides an AI-powered software platform designed to benchmark deal terms, specializing in corporate debt, M&A, and securities transactions. Utilizing proprietary machine learning models, the platform builds a comprehensive knowledge graph of terms data across both public and private markets. Deal professionals can leverage AI to quickly access and benchmark market terms, streamlining deal-making processes.
Recent Milestones: Over the past year, Noetica AI has been used to benchmark terms for over $350 billion in capital markets transactions. The platform aggregates and analyzes more than 100 million deal terms, making it one of the most relied-upon data sources in the industry. The company works with 10 of the top 25 law firms and continues to grow its presence in the market.
About the Company: Noetica AI has quickly become a trusted source for deal data across the legal and financial sectors since its launch, providing valuable insights for deal professionals.