Reynen Court LLC has secured $3 million of additional financing in preparation for its Q1 2020 commercial launch. Backed by a consortium of nineteen leading global law firms and designed to accelerate the legal industry’s adoption of AI and other new technologies, Reynen Court's platform has been live in Beta stage since August of 2019.
More than fifty law firms and corporate legal departments are working towards a platform launch in the first part of the new year, and over 120 third-party legal tech vendors are in the process of making their products available on the platform.
The Reynen Court platform eliminates the legal industry’s need to chose between innovation and security / stability. By combining a solution store for legal technology with a powerful control panel, law firms and legal departments can safely run modern cloud based applications in private clouds. This ‘one-stop’ shop also enables firms to manage software subscriptions and provides usage monitoring & advanced application-specific metrics to deliver better predictability of IT software and infrastructure maintenance and expenditure.
Prins H LLC, an investment vehicle controlled by Reynen Court founder and CEO Andrew D. Klein, is investing in this round together with Ventech, a global early-stage venture capital fund that partners with entrepreneurs to develop and deploy transformative technologies. This round follows the company's initial $7 million funding in December
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