PLEXUS RAISES US$6 MLN TO DRIVE GLOBAL GROWTH, NEXT-GEN AUTOMATION
- news2u
- 16 hours ago
- 2 min read
KUALA LUMPUR, May 14 (Bernama) -- Plexus, the artificial intelligence (AI)-powered legal automation platform, has secured over US$6 million in new funding to accelerate global expansion and AI-led innovation. (US$1=RM4.30)
The funding round, led by current investors and Seattle-based Lighter Capital, marks Plexus’ first institutional partnership in addition to accelerating AI product delivery and onboarding the next wave of exceptional talent, according to a statement.
Plexus founder and chief executive officer, Andrew Mellett emphasised the growing need for tech-forward legal solutions, stating that outdated legal processes no longer meet the pace of modern business.
He sees Plexus at the forefront of a major industry shift toward AI-driven legal services, positioning the company to capitalise on the US$1.1 trillion global legal market.
Mellett views this funding as just the beginning of reshaping how in-house legal teams operate—faster, smarter, and at scale.
Meanwhile, Lighter Capital investment director, Matthew Dowling highlighted the legal automation space as one of the fastest-growing sectors in business-to-business (B2B) software as a service (SaaS), calling Plexus well-positioned to capture more of this emerging market.
“With recent growth and solid business metrics, Plexus was a perfect fit for Lighter Capital's non-dilutive financing. This raise is not just about fuelling growth; it is about accelerating a new phase of legal innovation,” said Dowling.
Lighter Capital was selected for its proven experience supporting high-growth SaaS platforms and alignment with Plexus' strategic direction.
With major brands like Nike, L’Oréal, and PepsiCo already using the platform to automate tasks like contract review and compliance, Plexus is evolving from a legal tool into a full-fledged digital legal assistant.
-- BERNAMA
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