Summary
- Newcode has successfully raised $13.5 million in its Series A funding round, with Relativity's investment arm, Rel Labs, participating.
- The Norway-based AI company aims to support law firms in building their own AI capabilities, having previously secured $6.5 million in a Seed round earlier this year.
- CEO Maged Helmy emphasized the importance of control and flexibility for legal teams to harness AI effectively within their operations.
- This funding will facilitate Newcode's expansion into the US market, marking a significant step in the evolving landscape of legal technology.
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