Jupitice, the world’s first JuTech company, has raised $4 million in a Pre-Series A round led by Almas Capital Limited.
Jupitice, founded by Raman Aggarwal, has designed and developed the next-generation justice technology platform based on AI/ML and blockchain.
The fund was raised by the Chandigarh-based company in just a few months after its launch. The funds will be used for product development and global marketing. Almas Capital, also known as Almascaps, is based in the Cayman Islands and manages its fund management company, Almas Global Opportunity Fund.
Almascaps is a company that raises capital for companies in the United Arab Emirates. It serves clients in a variety of industries, including real estate, precious metals, renewable energy, shipping, and manufacturing. The firm’s mandate is to raise capital in Africa, India, and the Middle East. Almascaps invests in a variety of industries to provide the necessary exposure, including mining and retail, entertainment, banking, and finance, among others.
“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.
