AI native legal infrastructure platform NYAI has raised $1.5 million (approximately Rs 13 crore) in a seed funding round from a consortium of prominent Indian family offices, with participation from strategic angel investors.
The fresh capital will be used for technology development, expanding its AI native compliance ecosystem, and strengthening its presence among enterprises, listed companies, and law firms, along with supporting the deployment and assurance functions these institutions require, NYAI said in a press release.
Founded in March 2025 by Chinmay Bhosale and Vikrant Labde, NYAI is a compliance focused legal AI and regulatory intelligence platform that offers citation based legal research, contract analysis, and automated document drafting tailored to the Indian legal system.
According to the Pune based startup, its AI models are trained on millions of Indian court judgments, tribunal orders, acts, rules, and regulatory updates. The platform prioritises verifiable citations, audit trails, and source integrity over simple text generation. It also assists with contract drafting, case document summarisation, and real time policy tracking.
NYAI said its architecture supports on premises deployment, integrates with enterprises’ existing large language model infrastructure, and keeps privileged legal data within the client’s environment. The company added that its platform is designed to provide citation backed outputs while working within enterprises’ existing legal workflows.
According to market research cited by the company, Indian businesses collectively incur an estimated Rs 95,000 crore in legal and regulatory penalties every year, while listed companies alone account for more than Rs 1.65 lakh crore in value erosion.