Skip to content
Thomson Reuters, which backed the New York-based startup’s US$22 million Series A round in 2024, declined to disclose the terms of the acquisition. The Toronto software firm and publisher will integrate Noetica into its CoCounsel AI tool, and Noetica’s team will join Thomson Reuters, said spokesperson Jeff McCoy. (The Logic)
Talking point: Foundational AI company Anthropic launched a legal AI assistant last week, triggering a sell-off in Thomson Reuters’ stock. Now the latter company is beefing up its AI offering. Noetica helps law firms and financiers assess the terms of corporate deals against market trends using data from past deals. Despite last week’s market jitters, Noetica CEO Daniel Wertman said on LinkedIn that doesn’t see how a foundational model maker could replicate Thomson Reuters’ data set. Meanwhile, Thomson Reuters’ venture arm invested in California anti-money laundering company Bretton AI, as part of US$75-million Series B fundraising round.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Analysis
It turns out Trump does need something from Canada—aluminum
Briefing
BoC consultation reveals distrust of inflation figures
Carney says developers did not ask for B.C. condo buyout plan
BlackBerry raises its revenue outlook after beating performance expectations
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
