This startup says it can predict how much lawsuits will settle for. Read the pitch deck that it used to raise $3 million.
CEO of Theo Ai Patrick Ip. Theo Ai Theo Ai has raised $3 million to build "predictive analytics" for the legal industry. The startup uses a client's own case data to model the likelihood of a settlement and the amount. Theo Ai Patrick Ip says it's seeing demand from enterprises looking to save legal costs. A startup wants to give attorneys a crystal ball to forecast whether a lawsuit will settle and at what amount. Theo Ai is building a "predictive engine" tool, aimed at law firms and large corporations, that it says takes the guesswork out of pricing a lawsuit. The company tells Business Insider it has raised $3 million in new funding from Run Ventures, bringing total backing to more than $10 million. Most civil cases settle out of court before a trial. There's no public repository of settlement terms or amounts. That opacity makes it hard to train reliable artificial intelligence models on case outcomes, said Patrick Ip, Theo Ai's cofou...
