FinTech news in natural language processing category

The company, launched in 2019 by Devshi Mehrotra and Leslie Jones-Dove, stores, catalogs, analyzes and then shares video evidence, hoping to increase transparency around criminal matters such as police interactions and improve overall judicial outcomes for low-income criminal defendants. JusticeText automatically transcribes criminal evidence data, making it searchable by keywords, weapons, drugs and crimes, so attorneys can easily create videos to use in hearings or trials. Software company JusticeText today announced the closing of a $2.2 million seed round, with participation from Bloomberg Beta, True Ventures, Reid Hoffman, John Legend and Michael Tubbs. The company currently works with 50 public defender offices and has around 60 clients who are private criminal defense attorneys.

Accern provides AI-powered apps and natural language processing (NLP) models trained to recognize, classify and extract domain-specific financial language. Accern, which uses AI to analyze online conversations around particular companies, trends and industries, today announced that it raised $20 million in a Series B round led by Mighty Capital alongside Tribe Capital and others.

There was an original wave of companies working on partial document automation, which still needs a human review, but Ondrej Antos, Klarity co-founder and CEO, explained that the full document automation market is still very nascent.