KonProz, a pioneering generative artificial intelligence (GenAI) startup focused on the legal sector, today announced it has raised $700,000 in a funding round led by Dr. Ruchi Parekh, RDB Group, and angel investors. The company plans to use the capital to further develop its AI intellectual property, expand its team, and scale operations to enhance its platform capabilities.
Founded by Piyush Chopra and Shiladitya Dash, KonProz is at the forefront of utilizing GenAI technology to build innovative software-as-a-service (SaaS) solutions for the legal, tax, and regulatory landscape in India. Their flagship product, KonProz GPT, has garnered significant attention as the first GenAI tool specifically trained on India’s complex legal framework.
Since the launch of its phase 1 product in November 2023, KonProz GPT has attracted over 2,000 active users, including senior professionals from leading accounting firms and top-tier law firms. The company aims to leverage this success to build a comprehensive suite of products that will transform how legal professionals in India approach their work.
“We are thrilled to have secured this funding, which will allow us to accelerate our mission to revolutionize the legal industry in India with the power of generative AI,” said [Name], [Title] at KonProz. “Our goal is to empower legal professionals with cutting-edge tools that enhance efficiency, accuracy, and decision-making, ultimately improving the delivery of legal services in the country.”
KonProz’s fundraising success underscores the growing interest and investment in generative AI solutions across various industries. In the past six months, several GenAI platforms have secured substantial funding in their early stages. Notably, Sarvam AI raised $41 million in a Series A round, while Ema secured $25 million, highlighting the increasing demand for AI-powered tools.
“We believe KonProz has the potential to redefine the legal technology landscape in India,” said [Name], [Title] at [Investor Name]. “Their deep understanding of the legal domain, combined with their expertise in generative AI, positions them uniquely to deliver innovative solutions that address the specific needs of legal professionals in the country.”
With this new funding, KonProz is poised to strengthen its position as a leader in the Indian legal tech market. The company plans to expand its research and development efforts, enhance its product offerings, and forge strategic partnerships to accelerate its growth and impact.
As the legal industry continues to evolve, KonProz is committed to staying at the forefront of innovation, leveraging the power of generative AI to create transformative solutions that empower legal professionals and improve access to justice in India.
About KonProz:
KonProz is a generative artificial intelligence (GenAI) startup dedicated to transforming the legal, tax, and regulatory sectors in India. Their flagship product, KonProz GPT, is the first GenAI tool specifically trained on Indian legal and regulatory frameworks. With a growing user base of legal professionals, KonProz aims to build a comprehensive suite of AI-powered solutions to enhance efficiency and decision-making in the legal industry.
