Abu Dhabi - Sharikat Mubasher: Oqood, a leading provider of AI-powered legal solutions based in the UAE, successfully closed a $1 million seed funding round led by a group of angel investors.

In a recent statement, Oqood revealed that the fresh capital will enable it to accelerate product development and advance AI-driven legal technologies, in alignment with the company’s mission to support the digital transformation of the legal sector.

Additionally, the company is committed to enabling legal companies to elevate their operational efficiency and improve service quality.

Commenting on the round, Khaled Al Rashed, Founder of Oqood, said: “This round reflects the growing investor interest in legal technology, a sector valued at more than $31 billion in 2024 and projected to grow at an annual rate of 9.4% in the coming years.”

He highlighted that Oqood is working actively to broaden its services to serve a wide base of law and legal companies across the region, leveraging intelligent digital platforms to streamline workflows and strengthen client communications.

Moreover, the company plans to expand its operations in the GCC and global markets in the near future.

Oqood’s AI-based solutions analyze vast legal databases to quickly find relevant laws, generate legal documents, and review contracts for compliance. They understand natural language queries and present structured, up-to-date legal information in an easy-to-read format.