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Former DOJ antitrust chiefs Kanter and Mekki launch AI litigation startup FluxCap
Jonathan Kanter and Doha Mekki, who led the Justice Department's Antitrust Division under President Biden, have launched FluxCap, an AI platform for complex litigation that starts with antitrust work. The co-CEOs say the tool reviews documents, conducts research and helps lawyers develop strategy, spot evidence gaps and anticipate opposing arguments. It has raised $6.4 million in seed funding from investors including Y Combinator and Burford Capital.
Announcement (ABC News) → · The Legal Wire
Key points
- Kanter, former assistant attorney general for antitrust, and Mekki, former acting assistant attorney general, are co-founders and co-CEOs.ABC NewsThe Legal Wire
- FluxCap is built for complex legal work, beginning with antitrust, with plans to expand into other practice areas.ABC News
- Kanter said the division could pursue only about 10% of the cases it believed were worth bringing.ABC News
- FluxCap has raised $6.4 million in seed funding from Y Combinator, Bloomberg Beta, Burford Capital and others.The Legal Wire
- Boutique firm Kressin Powers is an early customer, and two state attorney general offices are in procurement talks.The Legal Wire
- The founders say the platform is meant to support lawyers' judgment, not replace it.ABC News