$6m for Legal and Financial Data Viz Firm StructureFlow

Legal industry visual modelling specialist StructureFlow has closed a $6m Series A funding round, with which to grow its international presence and accelerate its product development via AI.

The firm's platform uses AI to ingest complex information like contracts, datasets and public records, and flexible drawing tools to automatically visualize corporate structures and transactions for clients looking to cut complexity and see the big picture of legal, financial and regulatory detail. Its team taps deep expertise across legal, SaaS and legal tech, and the platform 'entirely digitizes' a process previously based on an analogue 'diagraming' workflow unchanged in decades.

CEO and founder Tim Follett (pictured) worked at UK law firm Slaughter and May, who are now clients alongside the likes of US company Baker McKenzie and Norton Rose Fulbright, and British counterparts A&O Shearman and Linklaters. Follett comments: 'As a former corporate attorney, I experienced firsthand the power of visualization in cutting through complexity. A picture really is worth a thousand words! Yet, creating these visuals was often deeply painful and frustrating, especially late at night, stressed, spending hours moving shapes and lines in PowerPoint. There had to be a better way, and I felt compelled to find it. Our mission is to unlock the power of visualization, making it incredibly easy to generate visual content. With the advent of GenAI, there's never been a better time to leverage this opportunity. Our goal is to transform how professionals communicate complex information, making it faster, more efficient, and far less stressful'.

Web site: www.structureflow.co .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.