FastLaw
For September, 2018 the FastLaw company develops technologies for business.
History
2018: Start of joint projects with Pravokard in LegalTech
On September 17, 2018 it became known that Pravokard invests 5 million rubles in development of the resident Skolkovo of FastLaw for creation of the next projects in LegalTech based on artificial intelligence technologies (AI). Commands of both companies integrated possibilities for increase in technological effectiveness and availability of legal services.
The FastLaw company develops technologies for business in cooperation with laboratory of the neural systems and deep learning of MIPT - the author of the iPavlov project which purpose is creation of the machine intelligence capable freely to communicate with the person in a natural language.
As it was reported, for September, 2018 FastLaw already has working prototypes of technology projects which are implemented in business. For example, the products FastLaw are capable to provide routing of incoming requisitions / documents on the basis of their contents, to execute extraction personal information of documents or the user's requests, to pick up the suitable response to a text request of the user. According to engineers the companies similar to technology will take the place in contact center along with technologies soon VoIP and IVR.
 | The Pravokard company made the decision to invest in FastLaw after saw real results of work. On hackathon where acted as the title sponsor Pravokard, the FastLaw command in 2 days made really working product — bot- the lawyer who using neural network answered questions of users. The FastLaw direction perspective — artificial intelligence for 2018 in global market enters in TOP-3 the most perspective technologies, along with AR/VR and blockchain. Nikolay Tyurnikov, founder of Pravokard company and co-founder of FastLaw |  |
| | It is still difficult to investment into the Russian LegalTech to compare to foreign. However, in 2018 in Russia it is already the fourth case of the investment attraction in a LegalTech-startup. Is twice more, than for all 2017. In this case the interest of the investor in technology of application of neural networks in law is clear, for 2018 the technology is the most perspective. | |
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