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Neur.on attracts international LegalTech experts to Fribourg

Neur.on, a Fribourg-based LegalTech offering SaaS translation solutions for the legal and financial industry, announced an investment round of CHF 1.6 million.

Fribourg-based Neur.on raised CHF 1.6 mllion to empower legal professionals with AI translation solutions.
Fribourg-based Neur.on raised CHF 1.6 mllion to empower legal professionals with AI translation solutions.

A spin-off from a well-established specialized Swiss Language Service Provider, Hieronymus – Translations by Lawyers for Lawyers, Neur.on disrupts the legal translation landscape with its end-to-end AI platform granting legal professionals’ full control over the translation process and offering the expected degree of accuracy – while streamlining the required human resources.

Today, Neur.on’s first product, LexMachina – the Translation Engine for Swiss Lawyers, is already being intensely used by large Swiss law firms, legal publishers and cantonal public authorities.

The close cooperation between Neur.on’s team of lawyer-linguists, NLP-engineers, as well as the company’s clients ensures continuous improvement of Neur.on’s industry-specific solutions. This multidisciplinary approach includes a close collaboration with the University of Engineering and Architecture of Fribourg (HEIA-FR).

“Since the emergence of Neural Machine Translation, lawyers have hoped that it would put an end to painful translation roadblocks on proceedings and costly outsourcing. However, there is yet to exist a translation platform tailor-made to the legal community that features the security, accuracy and resource optimization needed by the industry. Neur.on’s SaaS solution addresses this issue and lets lawyers take control of the translation process whenever they see fit,” explained Paula Reichenberg, CEO of Neur.on.

Tackling a global market need

The funding round was led by the legal publisher Helbing Lichtenhahn, an ideal strategic investor with a wealth of legal data and an extensive distribution network. Neur.on was also supported by Capital Risque Fribourg SA, an investment fund financed by the State of Fribourg, as well as by seasoned entrepreneurs from around the world with extensive experience in LegalTech, law and finance.

“It’s not every day that a Swiss Tech firm attracts European, UK, US and Israeli investors – this remarkable international attention speaks to the fact that Neur.on tackles a global market need,” explain Michael Stadelmann and Christian Süss from Vertinet Partners, a Munich-based PE firm specialized in tech & services.

With its solution already used by several hundred customers in Switzerland, the additional funding of CHF 1.6 million will help Neur.on accelerate its international expansion and software development.

Cet article Neur.on attracts international LegalTech experts to Fribourg est apparu en premier sur GGBA.

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