LegalTech firm draws attention of Dubai Cultiv8 Technology Fund

Code Engines Software, a LegalTech firm in the UAE has attracted the attention of Dubai Cultiv8, for its robust and lawyer-friendly Legal Practice Management System “CasEngine”. Dubai Cultiv8 announced Series A investment through its USD100 million Technology Fund, in Code Engines Software LLC.

The investment made by Dubai Cultiv8 is part of its ambitions to lead among asset management companies and positively contribute towards the growth and prosperity of small and medium-sized firms and projects.

Dedicated to investing in FinTech, Artificial Intelligence and Blockchain, Dubai Cultiv8 investment initiative will enable Code Engines Software to stretch its legal digitisation services towards larger markets in the GCC region.

Arif Al Alawi, CEO of Dubai Cultiv8, said, “LegalTech is the latest trend and the legal sector is witnessing significant change like never before. We have seen tremendous growth in Investment in LegalTech in past few years and with this investment, we aim to lead the segment in the region.”

CasEngine, one of its kind bilingual product which is crafted by industry experts to match the specific needs of the Legal industry helps the Law Firms and the in-house Legal teams to collaborate and work together efficiently in turn saving significant time and money. CasEngine, with its unique capabilities became a preferred choice of some of the top law firms, large corporates and banks in the UAE within just one year of its beta launch.

Abdul Hakim M., CEO and founding partner of Code Engines Software said, “We started developing CasEngine with a big vision to bring a change in the legal industry and our clients believed and joined hands in our journey in building an innovative technology for the legal world. We firmly stand by the quote ‘process automation is the future of law.’ and CasEngine is ideal to make this transition smooth and easy.”

Talking about the journey so far, Pravesh Kumar, founding partner & chairman of CodeEngines indicated, “The strategic decisions were tough due to the slow adaptability of technology in the legal sector, however constant push and admiration from our clients helped us to build the system on which they can rely on. Last two years were great learnings and the recent funding round will allow us to expand in all verticals and will allow us to serve our clients better and make CasEngine stronger.”

According to Saleh Alobeidli, founding partner and board member of Code Engines Software, “Digitalisation of any process is the first step towards automation. The world is moving towards AI and Blockchain and as we digitise the legal practice, we give our share to the world of Automation. With endless support from our clients, we are looking forward to make a change for the betterment of the Legal Industry.”

Automation systems are in high demand today as firms and professionals have started to realise their importance and effectiveness and have started showing deep interest in implementing the technology. In the coming years we expect to see a drastic change in the way legal practice is done specially in the GCC region.