UAE AlMas Capital invests in Blockchain justice tech platform
Jupitice, the world’s first justice tech platform (JusTech) company, which protrays itself as a ADR global digital court, has raised $4 million in a Pre-Series A round led by UAE based Almas Capital.
Founded by Raman Aggarwal, Jupitice, has designed and developed the next-generation justice tech platform powered by Blockchain, Artificial Intelligence and Machine Learning.
The Indian Chandigarh-based company has raised the fund just a few months after its launch. The funds raised will be utilized in product development and global marketing. Almas Capital, also known as Almascaps, manages its fund management company–Almas Global Opportunity Fund–in the Cayman Islands.
“The way Jupitice is working towards its vision – Justice for all at their doorsteps by harnessing technology – is worth commendable. Undoubtedly, it is a brilliant company with extraordinary people behind it. We are very positive about this investment as it is not about a couple of people or team, but the entire machinery,” said Amardeep Sharma, Managing Director, Almas Capital.
“It was not easy to develop a workflow, especially for the Justice sector, which is quite dynamic. It does not merely digitize paper-based processes but transforms processes for a digital environment that creates new capabilities, which were earlier, not conceivable in the traditional justice system,” said Raman Aggarwal, founder, Jupitce.
