We're thrilled to announce that Parachute has raised a pre-seed funding round led by Rampersand, with participation from strategic investors who share our vision for building legal AI that teams can actually trust.
Why we're building Parachute
Legal teams are facing mounting pressure: more work, faster timelines, and higher stakes. AI promises to help, but most legal AI tools today aren't built for mission-critical workflows. They lack the guardrails, transparency, and accuracy that legal professionals need to trust them with high-stakes work.
Parachute is different. We're building legal AI with guardrails from day one—AI that empowers legal teams to draft, review, and verify work faster without compromising the judgment, precision, and oversight that critical legal work demands.
What sets our team apart
Our founding team brings a unique combination of expertise:
- Security infrastructure experience from our developers who've built enterprise-grade SaaS platforms
- Product leadership with a vision for AI that prioritizes trust and accuracy
- Legal practice expertise from founders who've led legal teams and run law firms
- Enterprise advisory experience from consulting with organizations on critical transformations
This blend of technical depth, product insight, and real-world legal experience means we understand both the technology and the workflows we're building for.
Why Rampersand
Rampersand has a proven track record of backing ambitious teams building category-defining companies in Australia and beyond. Their deep expertise in enterprise software and commitment to long-term value creation made them the ideal partner as we build Parachute.
"Legal AI is at an inflection point," said [Partner Name] from Rampersand. "Parachute's approach—combining powerful AI with built-in guardrails and transparency—is exactly what legal teams need to adopt AI at scale. We're excited to support this team as they build the future of legal workflows."
What's next
This funding will help us:
- Expand our engineering team to accelerate product development
- Refine our workflows based on feedback from early design partners
- Build out our security and compliance infrastructure to meet enterprise standards
- Launch our platform for businesses and law firms in the coming months
Join us
We're just getting started. If you're a legal team looking for AI that's built with the rigor and trust your work demands, we'd love to hear from you.