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Lex Machina Raises $8.4M Series A Funding

LexMachina

Lex Machina has closed a $4.8 million Series A funding round, led by Boston-based Cue Ball Capital. Existing investors XSeed Capital, Costanoa Venture Capital, and Yahoo! co-founder Jerry Yang also participated in the round.

Lex Machina says it will use the funds to add new product features and expand its sales team.

Lex Machina is a Silicon Valley startup that spun out of a joint project of Stanford University Law School and Computer Science Department. Its technology includes machine learning and a state-of-the-art natural language processing (NLP) legal text classification system.

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of themarkets.com), and Steadfast Venture Capital.