Oqood, a UAE-based company specializing in AI-powered legal solutions, has announced the successful closure of a $1 million Seed funding round led by a group of angel investors.
The newly raised capital will be directed toward enhancing product development and advancing AI-driven legal technologies, in line with the company’s mission to accelerate the digital transformation of the legal sector and enable firms to achieve greater operational efficiency and improved service quality.
Khaled Al Rasheed, Founder and CEO of Oqood, commented: “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.”
Al Rasheed further emphasized that Oqood is actively working to expand its service offering to a broader base of law firms and legal companies across the region. By leveraging intelligent digital platforms, the company aims to streamline workflows and strengthen client communications, with ambitious plans for expansion into Gulf and international markets in the near future.
