Delhi NCR based KonProz, a Generative artificial intelligence (GenAI) startup, has raised $700,000 in a funding round led by Dr. Ruchi Parekh, RDB Group and angel investors.
The startup plans to use the raised capital to build world-class Generative AI intellectual property for the legal domain, expand its team, and scale operations to broaden KonProz's platform capabilities.
KonProz has developed a flagship product named 'KonProz GPT', the world's first GenAI tool trained specifically on India's tax, legal and regulatory laws. Since the release of its phase 1 product in November 2023, KonProz has over 2,000 active users, including senior professionals from the Big4s and Tier 1 law firms. It aims to build a comprehensive suite of products to further strengthen its position as the leader in the Legal AI innovation space.
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