UR-LI

"YUR-LI" -, Russian startup resident Skolkovo"," a graduate of the Fiztekh.Start accelerator, engaged in the development of an expert legal AI system and related services that help entrepreneurs solve problems with debt repayment and eliminate tax risks.

History

2021

Obtaining the status of a startup SEZ "Innopolis"

UR-LI on August 18, 2021 announced the receipt of the status of a startup of the city of high technologies "Innopolis" in the Republic of Tatarstan. This status will allow Legal-tech counterparty verification service to scale its presence in Russia.

Thanks to the Smart City concept, Innopolis organizes infrastructure, business processes and continuing education necessary for development for IT startups. Also, startups of the city receive new opportunities to establish business contacts, increase investment attractiveness and expand their business.

According to the founder of UR-LI Valery Mayushkin, in August 2021 it is planned to move the company to the Republic of Tatarstan.

Investment from Pulsar Venture Capital

Venture fund Pulsar Venture Capital on August 12, 2021 announced that it had invested in the Russian legal-tech startup UR-LI, a resident of the Skolkovo Foundation's information technology cluster. UR-LI has developed an AI streaming scoring system that allows you to determine the probability of collecting receivables.

The total amount of investments attracted by the startup for August 2021 is 8.73 million rubles - including tranches from Pulsar VC and two private investors. It is worth noting that the Pulsar Venture Capital fund and accelerator are focused on projects with international development potential.

We will definitely focus on scaling the business internationally. In the near future - attracting 280 thousand dollars to create MVP and CustDev outside the territory. Russia We see potential markets for us in the United States and, - countries CIS comments Valery Mayushkin, founder of the UR-LI AI system.

In addition to active expansion abroad, UR-LI will continue to develop in Russia, providing medium and large businesses with tools to effectively manage receivables:

UR-LI differs from other legal-tech projects in that we managed to get into a market whose size in Russia is comparable to the market volumes in the United States. Moreover, it is four times larger than the EU market. Legal AI services are in demand among Russian businesses, so we are at the stage of choosing a strategic partner in the person of a large corporation or bank that will be able to support the scaling of UR-LI in the Russian Federation.

In the Russian legal-tech market, UR-LI has become a company that creates ecosystems for managing and collecting receivables in the medium and large business sector:

We have a vision to create a complete ecosystem for large companies. For example, UR-LI will be able to become an effective tool for collecting problem receivables in favor of the bank. In addition, financial organizations will be able to provide access to UR-LI to their corporate clients, "said Valery Mayushkin.