Denver-based Proof Technology, a LegalTech innovator, has raised $30.4 million in Series B funding to bolster its electronic filing capabilities, leveraging AI technology to optimize connecting law firms with nationwide process servers for swift document delivery.
The funding was led by Long Ridge Equity Partners, with participation from Blue Heron Capital and The LegalTech Fund.
This capital injection will accelerate Proof’s revenue growth and bolster its electronic filing capabilities. The company aims to enhance its integrations with legal industry case management software and deepen its embrace of artificial intelligence (AI) to introduce additional user efficiencies.
“We’re pursuing our vision of becoming the online marketplace where, at the touch of a button, lawyers can obtain all litigation services that require human intervention,” said Eric Voogt, Proof Founder and CEO.
AI-Powered Efficiency
With over 5,000 law firms and government agencies currently utilizing Proof’s platform, the company facilitates the monthly delivery or e-filing of close to 20,000 documents.
Notably, documents processed and served through Proof boast higher delivery success rates and shorter time frames than industry averages.
“Since our founding, we’ve been helping law firms, corporations, and government agencies more easily serve and file summons, subpoenas, complaints, and other legal documents anywhere in the country, dramatically reducing the time and hassle involved in serving and filing legal documents,” said Eric Voogt
Proof’s proprietary AI technology plays a pivotal role in streamlining the process. Legal documents uploaded to the platform are meticulously analyzed, capturing crucial information such as court location, involved parties, document details, and relevant rules.
This data identifies and locates the most suitable process server for swift, transparent, and accurate document delivery.
Proof’s extensive network of process servers spans the entire country, including U.S. territories. The strategic placement ensures a robust and efficient nationwide service for law firms and government agencies utilizing the platform.
Tech Integration and Future Plans
Users can access the Proof marketplace online or via integrations with prominent legaltech platforms like Clio, Litify, and MyCase. The company plans to introduce new integrations with additional solutions soon, further enhancing its versatility and accessibility.
Proof Technology, Inc.’s successful Series B funding round underscores its market prominence and positions it for further growth and innovation within the legal technology sector.
As the company continues to evolve, leveraging AI and expanding its electronic filing capabilities, it reinforces its commitment to providing legal practitioners with a fast, accurate, and transparent experience.
“In a segment of the legal industry that will always require the involvement of human beings, Proof’s platform continues to be a disrupter and leading choice for process serving, e-filing, and other litigation services,” said Jim Brown, Long Ridge Managing Partner and Founder.
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