Overview

Pattern Data provides an AI-powered software platform aimed at improving the litigation process for law firms, especially those focused on mass tort cases. The platform automates repetitive tasks like reviewing medical records and extensive documentation, enabling legal teams to gather evidence more efficiently and reduce case backlogs. It also offers features such as predicting case quality, conducting rapid case reviews, and automating settlement analysis. By offering its software as a service, Pattern Data helps law firms enhance productivity, efficiency, and accuracy in their operations. Additionally, the platform supports strategic decision-making by digitizing and analyzing client data, allowing firms to generate reports that inform operational and profitability decisions. Pattern Data stands out in the legal tech industry for its focus on AI-driven solutions that streamline case handling and improve overall firm performance.

Simplify's Take

What believers are saying

• AI adoption in legal tech increased by 30% in 2023.
• AI in legal tech is projected to grow at a 28% CAGR until 2028.
• AI can reduce case processing time by up to 50%, boosting efficiency.

What critics are saying

• Competitors like Luminance and Kira Systems are advancing their AI capabilities.
• Data privacy regulations like CPRA may increase compliance costs for Pattern Data.
• Law firms developing in-house AI solutions could reduce demand for Pattern Data.

What makes Pattern Data unique

• Pattern Data uses AI to streamline personal injury claims processing.
• The platform automates tedious tasks, improving efficiency for law firms.
• Pattern Data offers predictive analytics to enhance case quality assessment.

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Funding

Total Funding

$1.1M

Below

Industry Average

Funded Over

1 Rounds

$1,150,000

Seed

Mar 2022

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$500k

$1.1M

$1.5M

$2M

$2.3M

$3M