About Legit AI
Legit AI is a company based in Cambridge (United States) founded in 2017 by Jacob Rosen, Anthony Bucci, and Matt Osman was acquired by Clora in February 2021.. Legit AI has raised $2.08 million across 2 funding rounds from investors including MaxVIL, Clora and Eniac Ventures. Legit AI operates in a competitive market with competitors including Qualio, Legit, Dot Compliance, Greenlight Guru and Sparta Systems, among others.
- Headquarter Cambridge, United States
- Founders Jacob Rosen, Anthony Bucci, Matt Osman
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Funding Insights of Legit AI
Legit AI has successfully raised a total of $2.08M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.08 million completed in August 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.1M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2017 | Amount | Seed - Legit AI | Valuation | Eniac Ventures | |
| Jun, 2017 | Amount | Seed - Legit AI | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Legit AI
Legit AI has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include MaxVIL, Clora and Eniac Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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USA focused VC firm investing in seed and early-stage startups
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Founded Year | Domain | Location | |
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Venture capital firm backed by Max Group
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Legit AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Legit AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Legit Ai Comparisons
Competitors of Legit AI
Legit AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qualio, Legit, Dot Compliance, Greenlight Guru and Sparta Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Web-based quality management software is delivered for life sciences firms.
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| domain | founded_year | HQ Location |
Legit is recognized as a pioneer in privacy and data protection, offering innovative RegTech solutions.
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| domain | founded_year | HQ Location |
Cloud based quality management software
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| domain | founded_year | HQ Location |
Cloud-based quality management software is offered for medical device manufacturers.
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| domain | founded_year | HQ Location |
Cloud-based quality management software is offered for organizational processes.
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| domain | founded_year | HQ Location |
Quality management solutions are provided for health sciences organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Legit Ai
Frequently Asked Questions about Legit AI
When was Legit AI founded?
Legit AI was founded in 2017.
Where is Legit AI located?
Legit AI is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Legit AI?
Matt Osman is the current CEO of Legit AI. They have also founded this company.
Is Legit AI a funded company?
Legit AI is a funded company, having raised a total of $2.08M across 2 funding rounds to date.
What does Legit AI do?
Legit was founded in 2017 in Cambridge, United States, focusing on the intellectual property sector. An AI-based platform is provided to assist departments in generating invention disclosure forms, monitoring existing inventions, and evaluating new invention performance. Ideas are examined at the claim level to detect similar existing claims in the market. Services rely on a patent database and machine learning technology for analysis and support.
Who are the top competitors of Legit AI?
Legit AI's top competitors include Qualio, Enzyme and Greenlight Guru.
Who are Legit AI's investors?
Legit AI has 5 investors. Key investors include MaxVIL, Clora, Eniac Ventures, Elementum Ventures, and Max Ventures.