HerculesAI, a startup that develops artificial intelligence software for law firms and large enterprises, has secured $26 million in funding to support its growth efforts.

TechCrunch reported the investment on Wednesday. The investment was led by Streamlined Ventures with participation from Proof VC, Thomson Reuters Ventures, Alumni Ventures and multiple angel investors. 

HerculesAI, officially Zero Cognitive Systems Inc., sells five AI applications that are each optimized for a different set of tasks. Three focus on reducing the amount of manual work required to organize and analyze business documents. The company also provides two tools designed to help law firms more efficiently bill clients.

HerculesAI’s first product, Artemis, can automate the task of extracting data from documents. An enterprise software company, for example, could use the tool to collect deal details from sales agreements and load them into its customer relationship management platform. HerculesAI says that Artemis can extract not only text but also information in relatively complex data structures such as embedded tables.

Under the hood, the tool uses not one but several AI models to process documents. HerculesAI says that this arrangement ensures each task is carried out by the most suitable neural network. A built-in analytics feature makes it possible to monitor whether the AI models that power the software are working as intended.

The company sells Artemis alongside Rosetta Stone, a tool for changing the format of large datasets. The software could, for example, distill a product documentation repository into a spreadsheet in which each product’s key details takes up a separate row. Users must simply upload the records they wish to structure into a new format and provide a description of that format.

HerculesAI also offers a more specialized data management tool called Athena. Legal teams must store emails and other records that contain sensitive information in specialized applications known as document management systems. According to HerculesAI, Athena can automatically route each new file to the application in which it should be kept.

The software uses a set of large language models to organize records. Those models determine which document should be stored where by evaluating each record’s file format, the topic it discusses and related details.

HerculesAI’s product portfolio is rounded out by Apollo and Verify. The former tool is designed to help legal teams track billable hours more efficiently. Verify, meanwhile, uses AI to help law firms ensure that they adhere to the terms of their agreements with clients.

The company counts about a third of the top 100 law firms in the U.S. as customers. Its installed base also includes S&P Global Inc., State Farm and several other Fortune 500 companies.

HerculesAI says that it experienced “fourfold growth” in the year leading up to its newly announced $26 million funding round. According to TechCrunch, the company won’t use the capital to grow its 75-strong workforce but rather plans to increase operational efficiency by automating manual tasks. 

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