Blue J, the leading provider of predictive analysis tools for tax positions, has raised $9 Million in a Series B round led by Generation Ventures.
The round includes participation from returning investors Relay Ventures, Mistral Venture Partners, and LDV Partners.
The fresh funding will use to accelerate the development and adoption of the company’s flagship tax analysis platform, add new executives to lead sales and marketing, and announces a new tax diagramming solution.
Company: Blue J Legal Inc.
Raised: $9.0M
Round: Series B
Funding Month: August 2021
Lead Investors: Generation Ventures
Additional Investors: Relay Ventures, Mistral Venture Partners, LDV Partners
Company Website: http://www.bluej.com/
Software Category: LegalTech>machine learning and artificial intelligence
About the Company: Blue J uses machine learning and artificial intelligence to make the law more transparent and accessible. The company’s technology saves researchers hours of time and offers confident answers in challenging circumstances. Blue J began in 2014 with IBM’s Watson Challenge at the University of Toronto. Benjamin Alarie, an associate dean at the time, was approached to help judge the competition, a contest between students and startups to create commercial implementations for the technology company’s super-computer AI.
Source: https://www.businesswire.com/news/home/20210810005199/en/Blue-J-Raises-9M-in-Series-B-Funding-Adds-Key-Personnel-Announces-New-Tax-Diagramming-Solution