Google Ventures Backs Legal AI Startup Genie AI In Series A Funding For 'Most Risk-Aware' Technology (CORRECTED)
Portfolio Pulse from Chris Katje
Google Ventures, the venture capital arm of Alphabet Inc, is leading a $17.8 million Series A funding round in Genie AI, a legal AI startup. This investment highlights Google's continued focus on the AI sector. Genie AI aims to revolutionize legal document drafting, offering significant time savings for legal teams.
October 23, 2024 | 7:00 pm
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Google Ventures, part of Alphabet Inc, is investing in Genie AI, a legal AI startup, as part of a $17.8 million Series A funding round. This move underscores Google's strategic focus on expanding its AI capabilities.
Google's investment in Genie AI aligns with its broader strategy to enhance its AI portfolio. This could positively impact Google's stock as it shows commitment to innovation and growth in AI, a sector with significant future potential.
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Alphabet Inc's Google Ventures is leading a Series A funding round in Genie AI, emphasizing its commitment to AI advancements. This investment could enhance Google's position in the AI market.
The investment in Genie AI by Google Ventures, part of Alphabet Inc, is a strategic move to bolster its AI capabilities. This could lead to positive sentiment around Alphabet's stock as it continues to invest in high-growth areas.
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