Thomson Reuters Ventures’ Post

More exciting news on HerculesAI. Closed our Series B funding round ($26M) with great investor partners in Streamlined Ventures, Thomson Reuters Ventures, Proof VC, and Alumni Ventures. Since 2017, HerculesAI has been at the forefront of automating professional services and are now serving 30% of the top 100 U.S. law firms and several Fortune 500 companies. We've been quietly building large language models long before LLMs became a hot topic, making HerculesAI perfectly positioned to ride the wave of AI interest. Thanks TechCrunch for the coverage! To learn more about HerculesAI, check out our website at www.hercules.ai. Enterprise Grade AI...Reinvented!

Yesterday DeepL announced that we have raised an additional $300M in a funding round led by Index Ventures, which raises our valuation to $2 Billion. To quote our CEO: “We’re approaching an inflection point in the AI boom where businesses who are racing to adopt the technology begin to discern between hype versus solutions that are secure and actually solve real problems in their business,” I'm super excited to be a part of the journey and to see this point play out over the next years. https://lnkd.in/eSfU2DAb

Our friend Luke Skertich, Principal at one of the most active VC funds globally - FJ Labs - dished out some thoughts on both Q4'23 and what he expects to see in 2024 in terms of venture funding. 2023 was an interesting dichotomy between austerity and intemperance, according to Luke, while 2024 poses an exciting year for #B2B marketplace models. Why? Find out in our VC Benchmark report 👇 https://bit.ly/3wlVncB #venturecapital #marketinsights #FriendsOfTheVentureCity

🚨 Our webinar on "AI in VC" starts in just 17 minutes! Join us to discover HERA.I. We can't wait to showcase the power of these new features and answer any questions you may have. 🗓️ Join us online: 🔗 Link to register: https://lnkd.in/ePtnKnPS

EvenUp, the AI-powered legaltech company co-founded by Cyrus Khajvandi and jack zeng, just raised $135M in a Series D round led by Bain Capital Ventures, with participation from SignalFire and Lightspeed. This latest round brings EvenUp's valuation to $1 billion, officially making it a unicorn! Their groundbreaking mission? Automating legal case evaluations and settlements to streamline the process and create more equitable outcomes. If they can fully automate this, they’re on track to transform the legal industry. What if AI could fully automate legal case evaluations, eliminating bias and inefficiency in the justice system? Elizabete Ludborza, Nako Edisherashvili, Vitaly Solten, Alex Pudov Jaspal Basra, Chris Ford, Josh Maley, Zaid Al-Timimi, Vanessa Tedjamulia Shruthi Sivasubramanian, Connor Thomas, Ryan P. Brown, Arne Zeidler 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐟𝐫𝐨𝐦 𝐒𝐞𝐞𝐝 𝐭𝐨 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 : 👉 https://lnkd.in/e8XyWxcQ #LegalTech #AI #JusticeTech

Good morning New York! 3 weeks until Metal takes the stage for #NYTechWeek 🤘 If you're in PE or VC, register below to learn how you can accelerate diligence, portfolio monitoring, and reporting with applied AI https://lu.ma/9qlk7l3e

Rogo raises $18.5M led by Khosla Ventures to enhance AI solutions for financial firms, doubling revenue and scaling partnerships across investment banking and private equity. Read the full news - https://lnkd.in/g62Asgdd #GenerativeAI #FintechInnovation #AIinFinance #EnterpriseAI #InvestmentBanking #AIforFinance #StartupGrowth #VentureCapital #AIRevolution #FinancialServices #techedgeai

OpenAI has closed the largest VC round of all time with $6.6B and is now valued at $157B. They’ve just set a new bar in tech innovation and the power of AI with this funding round. It’s not just about the dollars; it’s a testament to the belief in what’s possible when tech and human potential come together. As entrepreneurs, we all face the uphill battle of raising funds, convincing investors to see the future as vividly as we do. It’s all about staying resilient, pushing boundaries, and relentlessly pursuing a vision that matters. The journey with VCs isn’t easy, but the right partners will amplify your vision, not just fund it. Let this be a reminder: dream big, fight for your ideas, and trust that your boldest ambitions are worth investing in. 🙏🏼

“Just as we witnessed with the rise of the internet — and later, social media — AI is poised to redefine how we work and live, bringing a mix of optimism and apprehension. While we grapple with AI's implications, our clients expect us to lead the charge in leveraging it for their benefit,” according to attorneys Jeremy Glaser and Sharzaad Borna. They share insights on using AI to "stay ahead" here: https://lnkd.in/e-DJ9MpW #LawAI #LegalTech #NDLaw

Venture capital activity is stabilizing thanks to the AI boom. View more expert insights on the #VentureCapital landscape in the latest PitchBook-NVCA Venture Monitor report: https://bit.ly/3AbKQTl