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Jus Mundi launches Jus AI and raises $22M in Series B round

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Funding to accelerate growth of AI and R&D teams developing Jus AI, the Generative AI research and productivity assistant for global legal professionals

PARIS, Sept. 11, 2024 /PRNewswire-PRWeb/ — Jus Mundi, the global legal AI company, today announced that it will launch Jus AI, its research and productivity assistant for global legal professionals, at IBA Mexico on September 16. In addition, the company has secured €20M (US $22M) in Series B funding, one of the largest rounds of funding for a European legal tech company. The round was led by Germany-based Acton Capital and Singapore-based True Global Ventures, with participation from historic investors France-based C4 Ventures and US-based FJ Labs. The funding will support R&D efforts to further develop its AI and expand beyond the 80 countries in which Jus Mundi currently has a presence.

Jus AI’s sophisticated, multilingual capabilities enhance collaboration and include timely natural language responses to queries; reliable input backed by citations to informational sources; and a suite of tools to enhance efficiency. -Jean-Rémi de Maistre, Jus Mundi CEO and co-founder

Jus AI will enable Jus Mundi, which offers a unique law and arbitration database, to transform the legal workflow of global legal professionals by making access to its unique content more convenient and efficient.

“Jus AI’s sophisticated, multilingual capabilities enhance collaboration and include timely natural language responses to queries; reliable input backed by citations to informational sources; and a suite of tools that includes legal document summarization, translation and drafting to enhance efficiency,” according to Jean-Rémi de Maistre, Jus Mundi CEO and co-founder.

“Designed for legal research and increased productivity across jurisdictions, Jus AI can analyze documents uploaded by users and perform professional search sourced from Jus Connect‘s thousands of data-backed profiles,” he added.

Jus AI has been piloted for several months, with more than 20 clients participating in the exclusive Jus AI Acceleration Program; they include DLA Piper, Reed Smith, Clyde & Co, Greenberg Traurig, Yulchon and Bredin Prat and have reported a doubling of productivity across legal research, analysis, drafting and translation tasks.

“Jus AI has significantly enhanced our efficiency, providing invaluable access to summaries of extensive decisions. It’s particularly useful when researching specific topics. By swiftly compiling relevant decisions, Jus AI has optimized our research, enabling us to focus more on strategic deliberation,” said Rebeca Mosquera, Senior Associate, International Arbitration, Reed Smith; and President, ArbitralWomen.

The €20M (US $22M) funding round was closed on August 2, 2024, and de Maistre said that funders’ participation demonstrates their endorsement of Jus AI. “Acton Capital’s extensive experience in the legal tech space and True Global Ventures’ experience and expertise in AI and growing global unicorns will help Jus Mundi establish itself as the global leader in AI-based legal intelligence,” he said.

Acton Capital’s Managing Partner, Fritz Oidtmann, added, “Acton Capital has a proven track record in investing in legal technology innovations, which includes our investments in Clio and Henchman. We are thrilled by the tremendous value Jus Mundi already provides to its customers. Jus AI represents a sea change in how cross-border legal work is conducted, and we’re thrilled to participate in this round.”

True Global Ventures’ Founding Partner, Frank Desvignes, said, “Jus AI brings artificial intelligence technology to the legal field at scale, and our investment reflects our belief in how transformative it will be to the sector and how Jus Mundi can become a global market leader. TGV has a global presence, with a strong footprint across the San Francisco Bay Area, New York, Paris, London, Stockholm, Dubai, Singapore and Hong Kong. Our decade-plus experience in AI investments, positions us well to support Jus Mundi’s global growth plans.”

C4 Ventures Partner, Eric Boustouller, commented, “As cornerstone investor in Series A, C4 Ventures is proud to support Jus Mundi and other technologies that have the potential to reshape entire industries. Jus Mundi’s vision for and execution of Jus AI will bring new AI-based innovations to an even wider global audience, further transforming the way legal professionals work.”

More than 70 partnerships with legal institutions around the world fuel Jus AI’s research, drafting and translation capabilities. Users’ insights remain private; Jus AI is designed to adhere to strict confidentiality standards.

For additional information about Jus AI, visit https://jusmundi.com/en/jus-ai.

About Jus Mundi: Founded in 2019 and recognized as a mission-led company, Jus Mundi is a pioneer in the legal technology industry dedicated to powering global justice through artificial intelligence. Headquartered in Paris, with additional offices in New York, London and Singapore. Jus Mundi serves over 150,000 users from law firms, multinational corporations, governmental bodies and academic institutions in more than 80 countries. Through its proprietary AI technology, Jus Mundi provides global legal intelligence, data-driven arbitration professional selection and business development services.

About Acton Capital: Since 1999, Acton Capital has invested in digital transformation worldwide with strong focus on Europe and North America. With 25 years of investment experience and a deep understanding of tech-enabled business models, the team has invested over EUR 800+ million across six fund generations. For additional information about Acton Capital, visit https://actoncapital.com/. Follow Acton Capital on LinkedIn.

About True Global Ventures: True Global Ventures is a global technology equity venture capital firm built by a group of serial entrepreneurs with two actively deploying funds: TGV 4 Plus Fund (early stage) and TGV Opportunity Fund (late stage). TGV has a solid track record of investing its own money, together with Limited Partners, into tech ventures run by serial entrepreneurs. Portfolio companies leverage blockchain and artificial intelligence (AI) as competitive advantages to drive change with proven products. For additional information about TGV, visit www.tgv4plus.com. Follow TGV on LinkedIn and X. For additional information, email info@trueglobalventures.com.

About C4 Ventures: C4 Ventures, a leading European venture capital fund, has invested in over 50 technology startups since 2014, nine of which have become unicorns. C4 Ventures is part of C4 – an entrepreneurial platform founded in 2004 by Pascal Cagni, whose sole mission is to support entrepreneurs and accompany them on their journey.

Media Contact
Lauren Schiffman, Jus Mundi, 1 415-684-8080, lauren@pressfriendly.com, https://jusmundi.com/en

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

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Global Ultrasound Institute Launches GUSI Fellowships Platform: Elevating Point-of-Care Ultrasound Education

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SAN FRANCISCO, Sept. 20, 2024 /PRNewswire/ — The Global Ultrasound Institute (GUSI) is proud to announce the launch of the GUSI Fellowships Platform, an innovative online platform designed to empower learners around the world to achieve confidence and competency in point-of-care ultrasound (POCUS). With a holistic, device-independent approach that includes comprehensive evidence-based education, personalized mentorship from world-class POCUS educators, detailed scan review feedback, quantitative assessments, and CME certification, GUSI is setting a new standard in POCUS education.

“GUSI’s online didactics are the best that I have seen. And what I like most about the fellowship were the 1:1 sessions and being able to interact with GUSI expert faculty who have many years of experience in POCUS. And you get to pick their brains and they get to instruct you 1:1. I have used the training I received from GUSI to do much more POCUS clinically and further impact my patients lives.”

Dr. James Wilcox,
Assistant POCUS Director, Indiana University School of Medicine
Adjunct Professor and Assistant Professor of Medicine

“Our mission at GUSI is to democratize access to high-quality ultrasound training,” said Dr. Kevin Bergman and Dr. Mena Ramos, Co-CEOs of Global Ultrasound Institute. “The GUSI Fellowships Platform enables learners from diverse backgrounds to enhance their skills in a supportive, flexible environment, making it easier than ever to reach their POCUS goals.”

With training options covering 38 different scan types, learners can expect personalized 1:1 mentorship with expert POCUS educators who provide timely feedback on practice scans.

“The GUSI fellowship mentors are the best: patient, kind, knowledgeable, experienced, and supportive. GUSI provided education in the areas I wanted and needed to obtain and in my home/office environment not requiring multiple trips around the country. It is not just the way course work is presented – learning is made easier by the support provided to each student.”

Dr. Glenda Patterson
Core Faculty, University of Arkansas Northwest Internal Medicine Residency
Physician, Veterans Health Care of the Ozarks
Board-certified in Internal Medicine, Pulmonary Medicine, and Critical Care Medicine

The GUSI Fellowships Platform features a scalable software system designed to monitor and track performance, ensuring learners can effectively measure their progress.

GUSI understands the challenges faced by healthcare professionals seeking to enhance their ultrasound skills amid demanding schedules. GUSI addresses these concerns with flexible scheduling options, allowing learners to progress at their own pace while balancing their professional and personal commitments. This adaptability and virtual experience is crucial for fostering a culture of continuous learning and skill development.

“I went from not being able to hold the probe to someone who can scan and diagnosing and finding pathologies. I worked with Dr. Milne-Price and she was amazing! She sharpened my skills and we did sessions of live scanning over Zoom. I feel confident in my skills now to scan on my own.”

Dr. Dalea Al-Hawarri
Faculty, Bryn Mawr Family Medicine Residency

As healthcare continues to evolve, the demand for proficient ultrasound practitioners has never been greater. GUSI is not only committed to providing exceptional education but also aims to inspire a new generation of healthcare professionals who can leverage POCUS to improve patient outcomes globally. Join us in this exciting journey towards excellence in ultrasound practice.

For more information on GUSI Fellowships and to start your journey toward ultrasound proficiency, visit https://globalultrasoundinstitute.com/.

About Global Ultrasound Institute:

Global Ultrasound Institute stands at the forefront of point-of-care ultrasound, providing wraparound education, training, AI, and administrative software tools to healthcare providers and health systems globally to lower barriers to POCUS adoption and implementation. GUSI has trained over 14,000 healthcare practitioners in over 60 countries. GUSI is working to create a better world in which every healthcare practitioner is empowered to offer a rapid, reliable, accurate ultrasound-enabled diagnosis directly at the point-of-care, for any patient, anywhere.

For more information about GUSI Fellowships or any of GUSI services, please visit https://globalultrasoundinstitute.com/

Contact:

Dr. Kevin Bergman, Co-Founder, co-CEO, Global Ultrasound Institute
Dr. Mena Ramos, Co-Founder, co-CEO, Global Ultrasound Institute

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Keuka College Notifies Individuals of Data Security Incident

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KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

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