Casetext raises $12 million for legal research assistant CARA

Legal research company Casetext has raised $12 million in a new round of funding. The money will be used to expand its software platform that offers insights into cases cited in legal documents and further develop CARA (Case Analysis Research Assistant), an AI-powered assistant for lawyers. Using natural language understanding, Casetext scans the text of legal briefs to locate and analyze case citations. The company also offers access to 10 million court cases and statutes annotated by a community of litigators. The $12 million funding round was led by Canvas Ventures, with participation from Union Square Ventures, 8VC, and Red Sea Ventures.