Florida-Based Aracor AI secures $4.5M Funding from Fuel Venture Capital

• Aracor AI has secured $4.5 million funding from Miami-based Fuel Venture Capital
• The startup uses artificial intelligence for automating contract reviews
• Aracor AI to utilize new capital to take its AI solutions to more businesses worldwide

AI Startup, Aracor AI has successfully secured funding of $4.5 million from Miami-based Fuel Venture Capital. It makes use of artificial intelligence in order to automate contract reviews specifically for professionals working in the legal industry. The startup is an AI-native platform, backed by Constructor Group along with an advisory board of industry leaders.

Headquartered in Miami, Aracor AI caters in the Technology, Information and Internet industry with specialities in Legal Automation, Law Firm Technology, Legal Innovation, Legal Startups, Legal Tech, Future of Law, AI in Law, and Contract Review.

The entire focus of the startup is to utilize AI-powered tools with an intent towards analysing set of large documents while performing comprehensive contract reviews, allowing in-house legal teams to review thousands of pages of complex documents, quickly and accurately.

Moreover, the startup was founded by Katya Fisher who also serves as the CEO of the company. Currently, she is also the Executive Vice Chairman, Chief Legal Officer at Constructor Group from last 4 years. Simultaneously, she is working at Global Blockchain Acquisition Corp (NASDAQ: GBBKU) as Board of Directors and at Florida State University College of Law as Adjunct Professor.

In a statement about the funding, Katya stated, “[Fuel Venture Capital's] investment and strategic guidance will empower us to bring our groundbreaking AI solutions to more businesses worldwide, helping them reach their full potential and achieve transformative outcomes.”

Furthermore, Maggie Vo, the managing general partner and chief investment officer at Aracor AI added, “I have experienced firsthand how Aracor AI has supported our fund to expedite contract review, streamline due diligence, and negotiate with greater insight and confidence. Together, we are championing diversity in tech and innovation while strengthening the South Florida innovation ecosystem.”