American Cloud-Based E-Discovery Startup Logikcull Raises $10mn In Series A
Easing the lives of lawyers in the legal world !
What is the news all about?
Logikcull is a cloud-based e-discovery automation platform used in the legal industry to make the professional lives of lawyers easier. The company calls are known as “cloud-based legal intelligence”, but in simple words, it is the Dropbox for the legal world.
To expand its area of operations as well as technology in its services, Logikcull raises a funding of $10mn in Series A round from the US- based OpenView Ventures and Storm Ventures.
Features of Logikcull
Logikcull’s primary purpose is to computerize the process of searching for information via a cloud-based e-discovery platform. Essentially, its systems organize different file types into one searchable database. This not only makes the search process easier, but also efficient. Logikcull makes scanned documents searchable using an optical character recognition technique. OCR enables the upload of old scanned documents that weren’t previously searchable.
With Logikcull, lawyers can simply bulk-upload all the information that needs to be examined and it will automatically be organized by the system into one searchable database with different file types.
The startup reportedly offers its services to small law firms for $15k-$30k per year.
In conclusion, the Logikcull platform can be used for any task that requires organization and searches for a lot of documents. Do you think the platform will grow to be even more efficient with this round of funding? Please share your thoughts in the comments section below.
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