Lex Machina Raises $2M For Legal Big Data
Stanford Law School is mentioned in an article by Diana Samuels discussing Lex Machina, a company that was created out of an SLS project and helps companies manage patent lawsuit data. The following story appeared in the Silicon Valley / San Jose Business Journal.
It’s a good time to be Lex Machina, a Palo Alto company that fits squarely in the middle of two major Silicon Valley trends: The rise of patent litigation, and excitement about big data.
The company is attracting the attention of investors with its system that helps companies and lawyers use data to manage patent and IP lawsuits and portfolios. It announced Thursday it closed a $2 million funding round, led by Portola Valley-based X/Seed Capital.
Previously, Lex Machina had raised an $800,000 seed round. The company was spun out of a Stanford Law School project and also received about $3.5 million in funding while it was still at the university.