Oqood, a legaltech firm based in the United Arab Emirates, has acquired USD 1 million in a seed fundraising round to develop AI-powered legal solutions throughout the GCC and the United Arab Emirates.
This new investment will boost AI-driven technologies that ease legal operations, raise the calibre of services, and speed up product development.
The fundraising round, led by angel investors, shows increased interest in legal technology, which will be worth over USD 31 billion in 2024 and is expected to grow 9.4% annually.
Expanding AI legal solutions across GCC
Khaled Al Rashed, Oqood’s founder and CEO, emphasised the company’s mission to serve a broader base of law firms and corporate legal departments. He stated, “This round reflects the growing investor interest in legal technology. Our smart digital platforms are designed to streamline workflows and improve client communications.”
This startup uses AI to improve legal efficiency and operations in the region. Automated contract drafting, legal text modification, and Arabic-specific multilingual help are available on Oqood’s intelligent platform. Oqood intends to expand into Gulf markets to provide access to AI-powered legal tech.
How Oqood is transforming legal workflows
Oqood integrates advanced AI features with secure cloud architecture to reduce errors and deliver high-quality services. Khaled Al Rashed explained the technical edge: “We achieved accuracy rates surpassing 97% by leveraging innovative AI technology that minimises hallucinations, a common challenge in generative AI.”
This invention helps lawyers save time and focus on higher-value work by improving legal research and document handling. Oqood has over 8,000 search queries and 200 registered users in two months since its start. Legal services in MENA are entering a new age with the startup’s AI-driven automation.