DecoverAI, a pioneering legal technology company, is excited to announce that it has raised $2 million in seed funding, led by Leo Capital, with participation from other prominent investors. This funding marks a significant milestone in DecoverAI’s mission to transform the legal industry through cutting-edge AI solutions.

Introducing DecoverAI

At DecoverAI, we harness the power of AI to save legal professionals time and money, addressing systemic flaws in both civil and criminal litigation that often result in widespread injustice. Our goal is to build a comprehensive “Legal Brain” – an Intelligent AI system that encompasses the capabilities needed for real world legal workflows, including discovering evidence, combining that with research and even generating different strategies for narratives to assist legal professionals. This includes eDiscovery, legal research, and case strategy development, providing a seamless and integrated experience. Under the technical leadership of Janar Ramalingam, our CTO, DecoverAI’s flagship technology, Generative Defense, is set to elevate the practice of law by automating complex legal analysis and enabling legal professionals to craft compelling defense strategies with unprecedented efficiency.

A New Era for Legal Research and eDiscovery

One of DecoverAI’s standout features is its ability to query several million documents or several terabytes of data simultaneously, providing legal professionals with rapid and comprehensive access to vast amounts of data and analytics. This capability is a game-changer for general counsels and law firms of all sizes, from boutique practices to the largest AmLaw 200 firms, as well as for plaintiffs seeking to leverage advanced technology for their cases. By offering a scalable solution that meets diverse needs, DecoverAI is positioned to become an indispensable tool across the entire legal industry.

Mission and Vision

At DecoverAI, our mission is to empower legal professionals with the tools they need to achieve better outcomes, faster. At DecoverAI, we envision a world where legal teams will be augmented with human-like intelligence served by smart AI-assisted platforms.

Lawyers handling both criminal defense and civil litigation will be able to harness the power of thousands of associates with perfect memory at their fingertips at a fraction of the cost of what it costs today.

Funding Utilization

The $2 million raised will be used to accelerate the development and deployment of our innovative technologies. The funds will be allocated to enhance our AI capabilities, expand product features, grow our teams, and invest in marketing and sales efforts to bring our solutions to a wider audience.

Quotes from Leadership and Investors

“We are incredibly excited about the potential of DecoverAI to revolutionize the legal industry. Our goal is to empower the best attorneys in the fraternity with the immense power and capabilities of large language models, enabling them to significantly uplevel themselves against their competitors,” said Ravi Tandon, CEO of DecoverAI. “This funding will allow us to take significant strides towards realizing this vision and making a real difference for legal professionals.”

“DecoverAI’s Generative Defense is a game-changer for the legal industry. It represents the next generation of legal technology, providing tools that were previously unimaginable. We are thrilled to have the support of our investors as we embark on this journey,” added Kevin J. Van Horn, COO & CRO of DecoverAI.

“DecoverAI’s proposition is perfectly aligned with Leo Capital’s focus on supporting tech-centric global solutions designed for large-scale disruption. As legal disputes increase, the burden on lawyers and judicial systems worldwide has become overwhelming, making it essential to harness the power of AI to transform legal workflows in a highly targeted way. DecoverAI’s proprietary ‘Generative Defense’ is a groundbreaking solution that is poised to be transformative for law firms of all sizes,” said Ravi Srivastava, Partner at Leo Capital.

About DecoverAI

Founded in 2024, DecoverAI is a Washington, D.C.-based legal technology company focused on delivering AI-driven solutions to enhance the efficiency and effectiveness of legal professionals. By integrating advanced AI with legal workflows, DecoverAI is setting new standards in the industry and driving the future of legal technology.

About Leo Capital

Leo Capital is a venture capital firm that invests in groundbreaking startups across various sectors, with a focus on technology-driven innovation. Leo Capital is dedicated to supporting visionary entrepreneurs and companies that have the potential to disrupt industries and create lasting impact.

Contact Information:

Kevin J. Van Horn
Chief Operating Officer & Chief Revenue Officer
DecoverAI
Email: info@decoverhq.com For more information, visit DecoverAI’s website.

Maz Ghorban, an experienced senior executive with a distinguished 25-year career spanning the legal services, call center, and software industries, has taken the helm as President of Rockpoint Legal Funding, a burgeoning leader in Litigation Funding. With extensive experience in scaling private and public companies, Ghorban is set to drive the company’s mission to facilitate optimal case outcomes by providing critical funds and accessible medical treatment to plaintiffs, while delivering operational efficiencies and capital to law firms.

Ghorban’s appointment comes at a pivotal time as Rockpoint Legal Funding prepares to launch its new venture, Rockpoint Probate Funding. His seasoned leadership and data-driven decision-making have already made a significant impact on shaping this new initiative. It is important to note that Rockpoint Legal Funding is not a financial, medical, or legal advisor, and individuals should seek appropriate professional advice for such matters.

Recognizing a need similar to litigation funding, probate funding offers substantial benefits for beneficiaries and executors who require access to funds during the often lengthy and complicated probate process. Probate funding can help heirs avoid the prolonged wait for their inheritance and can be utilized to cover expenses such as medical bills, funeral costs, and day-to-day living expenses.

Under Ghorban’s leadership, Rockpoint Legal Funding is poised for significant growth and success among its already substantial offerings from pre-settlement and post-settlement funding to plaintiff and litigation funding and medical lien purchases. His strategic vision, combined with his deep industry knowledge and unwavering commitment to excellence, will drive the company’s mission forward and enhance its reputation as a leader in the legal funding industry.

Mr. Ghorban jovially states, “To be blessed with the career I have had and the amazing teams I have worked with is something I will always be grateful for, but not until I arrived at Rockpoint did I truly feel at home, surrounded by a supportive team of managing executives, and the most highly reviewed and dedicated sales staff and client reps in the industry.”

Before joining Rockpoint, Ghorban served as Executive VP and Business Unit CEO of Alert Communications, a subsidiary of Everservice and the largest legal-only intake call center in the United States. Ghorban’s extensive background in supporting plaintiff and defense firms spans every part of the firm lifecycle. His comprehensive understanding of the legal services landscape positions him uniquely to lead Rockpoint Legal Funding and its new probate funding initiative to new heights.

As Rockpoint Legal Funding embarks on this exciting new chapter with the launch of Rockpoint Probate Funding , the company’s future looks brighter than ever. With Ghorban at the helm, Rockpoint is well-positioned to continue its legacy of excellence and make a lasting impact on the legal services industry.

For more information about Rockpoint Legal Funding and its new probate funding initiative, please visit the company’s website ( https://rockpointlegalfunding.com/ ) or contact Dan Burks-Goodman at 424-502-4645×894 or 381053@email4pr.com

Omni Bridgeway Limited (ASX:OBL) (Omni Bridgeway) announces an in principle, partial completion of a Funds 2&3 investment following a settlement of the related litigation with certain defendants. The settlement is subject to the parties entering into a binding settlement agreement and court approval.  The partial completion is expected to generate gross income of $43.71 million in Funds 2&3. Proceedings continue with further investment deployments and proceeds anticipated. 

Omni Bridgeway expects to receive payment during the next 4 quarters, resulting in the following metrics (subject to prevailing foreign exchange rates):

Simon Warr heads up the legal Expenses division at AmTrust International. In his current role he focused on expanding the global reach of Adverse Costs, Capital and more general Legal Protection products.

Simon started in legal expenses insurance in 1989 and has worked consistently in a variety of roles within the profession ever since. His roles have consisted primarily of underwriting positions at a coverholder and insurer level but have also included business development and management positions within both the insurance company and Lloyd’s syndicate markets. Prior to joining AmTrust, Simon was at Brit Insurance and before that at Capita Insurance Services, Eastgate Assistance and Hambro Legal Protection for a number of years. Simon was President of Legal Protection International (LPI) for 7 years up until 2024. LPI was the global international legal expenses insurers association which carried out extensive work on market data and lobbying.

Company Website: www.amtrustinternational.com

Year Founded: 1998

Headquarters: Exchequer Court, 33 St Mary Axe, London, EC3A 8AA

Areas of Focus:  Legal Expenses Insurance, CPI and JPI

Quote on Litigation Funding: Litigation Funding, used wisely, provides access to justice – simple. In an ideal world we wouldn’t need it, but we don’t live in an ideal world, so it provides an essential part of the armoury needed to right wrongs.

Tom is the Chief Commercial Officer of Sentry Funding. Pivoting his financial advisory business into litigation funding in January 2020 after noticing the lack of technology in the space and seeing the pain litigators had in acquiring funding.

Tom heads up the day to day running of the business and works closely with the tech team providing strategic direction of the Sentry Portal.  As well as a background in finance, Tom also has experience in digital marketing, real-estate and is an angel investor.

Company Name and Description: Sentry Funding – Litigation funding marketplace that simplifies the process of arranging litigation funding through market leading technology.

• Diverse panel of funders
• Deal flow of vetted cases for funders based on a pre-set criteria
• Post-funding support via our team of inhouse auditors
• Exclusive automated funding options for cases that require less than £500k in funding
• Associate member of ALF
• ISO9001 & ISO27001 certified

Company Website: www.sentryfunding.co.uk

Year Founded: 2020

Headquarters: London, UK

Area of Focus: This year we passed the £100m of arranged funding via the Sentry Portal milestone. Our focus now is to provide our services to more funders and litigators to help improve the process of acquiring litigation funding globally.

Member Quote: ‘Access to justice’ feels like an overused expression but sadly the justice system is not a level playing field. Those without means are either at a disadvantage or excluded all together. I’ve always been passionate about litigation fundings ability to support those in need and as an industry we should be proud that our services change lives. It’s easy to forget about the human on the other side of our spreadsheets and financial forecasts, so it’s always a good exercise to remind ourselves of why we do what we do and that we hold an important responsibility to those people.

NorthWall Capital (“NorthWall”), a leading credit investment firm delivering private capital solutions to counterparties in Western Europe, today announces the appointment of Scott Carpenter as Chief Operating Officer.

Scott commenced his role at NorthWall in June and brings with him 35 years of experience in a wide variety of financial management roles globally. Most recently, Scott spent 11 years at Alpha Wave Global, a $19bn AUM global investment company focused on private equity, private credit and public markets. Scott joined the firm at inception as a day one employee and rose to the role of Chief Operating Officer. Prior to that, Scott was Global Head of Operations for eight years at leading alternative credit platform CQS (now Manulife | CQS Investment Management) and previously spent 10 years at Credit Suisse working in a variety of operational management roles in London, New York, Singapore, Sydney, Brisbane and Wellington.

Scott replaces Founding Partner and Chief Operating Officer Ian Lokkerbol, who will retire from the industry at the end of July with the intention to pursue a career in nature conservation. During his time at NorthWall, Ian has supported the growth of the firm from a start-up to a €1.5bn AUM diversified European credit platform with c. 30 employees. Ian will continue to support the management team in an informal advisory capacity.

Fabian Chrobog, Founder and Chief Investment Officer at NorthWall Capital, said: “We are delighted to welcome someone of Scott’s calibre to NorthWall. His significant experience of stewarding private capital and alternative credit firms through periods of growth will be invaluable as we enter the next phase in our development.”

“It is with great sadness that we say farewell to Ian, who has been an integral part of the NorthWall journey since we founded the firm in 2017. I have had the pleasure of working with Ian in a variety of different positions for almost 15 years and will miss him greatly. Ian was the first person to join me at NorthWall and the faith he put in our young venture was a key contributor to our success. Over the last seven years Ian has been instrumental in building a best-in-class infrastructure and in shaping a culture that has helped NorthWall develop a near-perfect team retention track record since inception. On behalf of the entire NorthWall team I wanted to thank Ian for his contributions and wish him the best in his future endeavours.”

Alexander Garnier, Founding Partner and Portfolio Manager at NorthWall Capital, remarked: “We are thrilled to welcome Scott to the NorthWall team. His extensive experience and proven track record in operational leadership and strategic growth will be pivotal as we chart our next phase of growth.”

“Ian’s departure marks the end of an era, and he will be greatly missed. His leadership and dedication have been one of the bedrocks of our success, and I cannot thank him enough. I wish him all the best in his next chapter. We are confident that Scott’s appointment as COO will build on the solid foundation Ian has established, driving NorthWall towards even greater achievements.”

Ian Lokkerbol, Founding Partner at NorthWall Capital, commented: “While I am sad to be retiring from the industry and leaving a firm I care so deeply about, I look forward to spending more time focused on nature conservation, a great passion of mine. I also know I am leaving NorthWall in very strong hands and well positioned to continue to grow, a journey I am proud to have been a part of. I wish Fabian, Alex, Scott and the team lots of successes going forward, as I continue to cheer from the sidelines.”

“I am thrilled to be joining NorthWall at such an exciting stage in the company’s growth,” added Scott Carpenter, Chief Operating Officer at NorthWall Capital. “Over the past seven years, Fabian, Alex, Ian and the entire team have established the firm as a leading European credit investment manager and laid a strong platform for future growth. I look forward to supporting the firm in further capitalising on the increasing opportunity for European credit.”

In June, NorthWall announced the final close of its flagship NorthWall European Opportunities Fund II and associated vehicles attracting more than €640m in investor commitments, surpassing its initial €500m target and more than doubling the size of its predecessor vintage.

About NorthWall Capital

NorthWall Capital is a London-based credit investment firm, delivering private capital solutions to counterparties in Western Europe. The firm manages €1.5bn of AUM in long dated funds on behalf of global institutional investors, seeking to capture compelling risk-adjusted returns from Western European credit markets.

For more information, please visit www.northwallcap.com.

Having spent more than twenty years as a commercial litigator with international law firms and in house, Andrew brings a wealth of experience to bear in selecting appropriate cases for investment, monitoring invested cases, and collaborating with our clients and their counsel to optimize litigation outcomes.

Company Name and Description:  Lex Ferenda Litigation Funding LLC. We specialize in funding single commercial cases starting at $1 million.

Company Website: www.lf-2.com

Year Founded:  2002

Headquarters:  Rye, New York

Area of Focus: Risk management, underwriting, and managing investments in commercial litigation.

Member Quote: I love my work in litigation funding because it marries three things: legal excellence in underwriting and supporting our investments, entrepreneurship in building a business in a rapidly growing field, and strong relationships with our clients, their counsel, and my colleagues.