Semeris Secures $4.3 Million from Puma VCTs for Tech Expansion

Puma Capital Group, through its Venture Capital Trusts (VCTs), has committed $4.3 million to Semeris, a pioneering entity in the realm of legal and financial technology. Semeris, founded in 2020 by industry experts Peter Jasko and Sam Daroczy, aims to revolutionize the analysis of complex legal documents in debt and structured finance markets. The company employs a unique blend of large language models and human expertise to streamline traditional methods, which usually require extensive manual effort to meet compliance needs. This approach not only accelerates document review but also reduces the chance of error while adhering to regulatory standards. Semeris boasts a repository of over one million analyst-verified data points, aiding in risk mitigation and speeding up inquiries and drafting for major clientele, including four of the top five global CLO law firms. The recent funding will help expand Semeris' sales team and scale its platform in response to increasing demand for GenAI solutions.