● Accelerating the development of specialised AI tools for legal experts, lawyers and regulatory specialists in companies and law firms
● Data integration and AI expansion launched for legal system in the USA and Canada
● Comprehensive integrated news, research and knowledge management offering with optimal support for the work processes of legal experts
● Hashthink Technologies also joins as a shareholder
Hamburg/Toronto, 2 Sep 2024 – The German legal/regtech startup LEX AI GmbH and the Canadian AI specialist Hashthink Technologies Inc. are cooperating on the development and globalization of the LEX AI SaaS platform. Founded in 2021, the AI startup LEX AI specializes in efficient research and knowledge management in the field of law and regulation, in which companies, law firms and legal and compliance experts in political institutions have to invest considerable time and money today.
The two companies have been working together since May 2024 to offer further AI-based functions on the platform and to include the US and Canadian legal systems in the offering. Hasthink Technologies has also joined as a co-partner to support the further growth of LEX AI with international customers. The well-known entrepreneur Carl Kirchhoff is already a Board Advisor for Hashthink and will also be active in this role at LEX AI to drive further international expansion.
At the same time, Saxum Global Consulting, an internationally operating corporate development platform based in Dubai, which specializes in corporate finance transactions and the internationalization of companies, will acquire a stake in LEX AI. Saxum Global Consulting is managed by the internationally experienced corporate finance expert Holger Scheer.
LEX AI has already built up an extensive database for the European legal area and the EU member states. The globally unique AI-supported newsfeed for legal and regulatory topics already comprises several hundred primary sources, which are summarized and linked by AI in order to significantly reduce the time required by legal experts in their daily work.
As many European companies and large law firms operate globally and need to understand the different legal systems, LEX AI is continuously expanding its range of information and functions internationally and strives for global coverage of the legal systems in the most important economic centers. Since 2021, LEX AI has already analyzed hundreds of thousands of pages of EU regulations and their implementation and integrated them into its comprehensive data model.
Large companies and law firms as well as well-known ‘hidden champions’ in the German SME sector are already using the platform.
About Hasthink Technologies
Hashthink was founded in 2016 by Sadra Shokouhi and Taha Shokouhi, both technology entrepreneurs with over a decade of expertise in AI and software industry. Hashthink has offices in Canada, Southeast Asia, the United Arab Emirates and Turkey. The company specializes in developing cutting-edge software and AI solutions for small, medium and large enterprises. Hashthink is a global tech partner / member of larger cloud providers like AWS, Azure and others working globally to develop customized solutions that are integrated into complex corporate structures while maintaining its legislations and GDPR compliance.
Hashthink Technologies Inc.
Taha Shokouhi, Managing Director
25 Sheppard Ave West, NorthYork, Ontario M2N 6S6, Canada
info@hashthink.com
About LEX AI
The Hamburg-based start-up LEX AI has been developing an AI-supported research and knowledge management platform for companies, law firms and legal and compliance experts in political institutions since 2021. LEX AI has already received funding from IFB Hamburg in the InnoRamUp and InnoFinTech programs and has so far been financed by the founders and legal and technology experts as angel investors. LEX AI was recently nominated as one of two companies from the Legal&Compliance sector in the ‘German AI Startup Landscape 2024’.
LEX AI GmbH
Dr. Susann Funke, Co-Founder & Legal Officer
Winterhuder Weg 29
22085 Hamburg
Germany
Comments are closed.