investments Archives - ComplexDiscovery

Investing in Innovation: The Life Cycle of Corporate Venture Capital

Recent decades have witnessed non-financial firms’ forays into venture capital by creating Corporate Venture Capital (CVC) divisions. CVCs differ from traditional VCs that are seeking pure financial returns. Instead, CVCs are in general strategic corporate divisions for incumbent firms to respond to negative innovation shocks, and CVCs help those firms to expose themselves to new technologies in order to fix their weaknesses and regain their innovation edge. These findings have implications for understanding entrepreneurial financing and corporate innovation policies.

April 15, 2019
2 minute read

Luminance Raises $10M From Existing Investors

Luminance, the leading artificial intelligence platform for the legal profession, has raised $10m from existing investors Invoke Capital, Talis Capital and Slaughter and May, valuing the company at $100m. The funds will be used to support Luminance’s recent product expansion and global growth, with the company now having four offerings, five global offices and over 70 employees since launching in 2016.

February 8, 2019
2 minute read

CapStar Bank Closes Financing with Modus Discovery

The arrangement provides longer-term capital for infrastructure, working capital and investment to support market expansion.

October 2, 2018
1 minute read

Everlaw Secures $25 Million Series B Funding to Help Litigators Win

Everlaw, the cloud-based ediscovery and litigation platform, today announced a $25 million Series B funding round. New investor Menlo Ventures led the round, with continued participation from Andreessen Horowitz. This brings Everlaw’s total funding to over $34 million.

June 28, 2018
3 minute read

Exterro Announces Strategic Investment from Leeds Equity Partners

Exterro® Inc., the preferred provider of software specifically designed for in-house legal and IT teams at Global 2000 and AmLaw 200 organizations, today [May 23, 2018] announced a strategic investment from Leeds Equity Partners, a sector-focused private equity firm with a two-decade history of investing in the knowledge industries. The investment will enable Exterro to accelerate development of its market-leading orchestrated e-discovery solution and continue to strengthen the resources required to deliver world-class support to its customers.

May 23, 2018
3 minute read

Heretik Closes $2.4 Million Seed Round (Relativity Investment)

Heretik, a Chicago based software company that uses machine learning to make the contract review process smarter in Relativity, announced that it has completed its $2.4 million seed round of financing. Corazon Capital led the investment round with participation from existing investors Chicago Ventures and Relativity.

January 11, 2018
2 minute read

TCF Capital Funding Supports Knox Capital, Maranon Capital in Recap of HaystackID LLC

TCF Capital Funding, a division of TCF National Bank, announced that it provided $17,800,000 in secured financing to support Knox Capital Holdings and Maranon Capital in the recapitalization of HaystackID LLC. “With this, our second such transaction in the eDiscovery space, we are very pleased to have participated with a firm as well differentiated in its market as HaystackID”, said Scott Nielsen, TCF Capital Funding Vice President.

December 8, 2017
1 minute read

Legal Tech Fails To Sustain Deal Counts And Dollar Amounts

To rework the legal industry, which is steeped in tradition and regulation, large sums of money are likely required. In an effort to address these challenges, legal tech startups have received $1.5 billion in funding across 610 deals since 2010.

October 28, 2017
1 minute read

NCT Ventures and Bridge Investments Join JumpStart in $1.8M Fundraising Round for Heureka Software

Today, Heureka Software announced the company has added new funding from Columbus-based NCT Ventures and Chicago’s Bridge Investments. Combined with previous funding from Cleveland Venture Development Organization JumpStart Inc. and other angels, this increases Heureka’s current fundraising round to $1.8 million.

July 27, 2017
2 minute read

Pop-Up eDiscovery? The Pop-Up Employer in Today’s Workplace

“Computation, we think, has an opportunity to dramatically shift several costs in a way that traditional organizations haven’t realized,” Mr. Bernstein said. “It’s way easier to search for people, bargain and contract with them.”

July 14, 2017
1 minute read

Drunks, DNA and Data Transfer Risk in eDiscovery

Just as there are many tasks in electronic discovery, many times there are multiple technologies and platforms involved in the complete electronic discovery process. When there are multiple technologies and platforms involved, data must be transferred from disparate technologies and platforms to other disparate technologies and platforms. This data transfer can be considered a risk factor that impacts the overall electronic discovery process.

Automating eDiscovery: A Strategic Framework

The Concise Framework for Discovery Automation takes the overall process of discovery, breaks it down into a data discovery component and a legal discovery component, aligns these components with insight and intelligence, and then highlights four key processes and eight key tasks that appear to be important in the discovery process across the lifecycle of information and litigation.

Enabling Remote eDiscovery? A Snapshot of DaaS

Desktop as a Service (DaaS) providers are becoming important contributors to eDiscovery technology solutions as they allow for the deployment of virtualized desktop experiences delivered to end users on demand from remotely hosted locations. While the providers enabling the delivery of these virtualized environments to those in the eDiscovery ecosystem are typically not called out in the descriptions of the solutions they enable, understanding who those providers are is becoming increasingly important for those sourcing eDiscovery solutions for remote users as the underlying attributes and enhancements the providers deliver form the basis for comparing and contrasting the differences in DaaS-delivered capabilities from eDiscovery providers.

Ready, Set, Stay! Eighteen Observations on eDiscovery Business Confidence in the Winter of 2019

Just under 90% (89.3%) of eDiscovery Business Confidence Survey respondents feel the current business conditions are good or normal. This confidence level represents a significant decrease in these same feelings from the fall of 2018 where 96.5% felt the conditions were good or normal.

The Issue That Currently Concerns eDiscovery Professionals The Most: Budgetary Constraints (Winter 2019)

In the Winter 2019 eDiscovery Business Confidence Survey, 22.7% of respondents viewed budgetary constraints as potentially having the greatest impact on their business in the next six months. This percentage is the highest of all concerns represented in the survey. Increasing data volume was also viewed as a considerable issue, with 21.3% of survey respondents noting it as their greatest business concern.

A Chill in the Air: eDiscovery Business Confidence Survey Results – Winter 2019

This is the thirteenth quarterly eDiscovery business confidence survey conducted by ComplexDiscovery. More than 1,265 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey and 75 respondents shared their opinions as part of the winter 2019 survey.

Actively Learning? Predictive Coding Technologies and Protocols Survey – Spring 2019 Results

The Predictive Coding Technologies and Protocols Survey is a non-scientific survey designed to help provide a general understanding of the use of predictive coding technologies, protocols, and workflows by data discovery and legal discovery professionals within the eDiscovery ecosystem.

Selecting TAR Software and Service Providers?

Technology Assisted Review (TAR) is useful for many tasks within the Electronic Discovery Reference Model (EDRM), with one of its central applications being its use in determining the relevancy of documents in the review stage of eDiscovery in support of document production obligations. To engage in the management of this important workflow, the producing party needs access to TAR software and the decision on what software to use goes hand-in-hand with the service provider selection.