Legal AI startup NYAI raises $1.5 million in seed funding to enhance compliance platform

Pune-based legaltech startup NYAI has raised $1.5 million in a seed funding round led by a group of Indian family offices and strategic angel investors.

The startup said it will use the investment to develop its technology, expand its collection of Indian statutory, regulatory and judicial data, and strengthen its AI compliance platform. Part of the funding will also support deployments among enterprises, listed companies and law firms, NYAI said.

Founded in 2025 by Chinmay Bhosale and Vikrant Labde, the startup develops AI infrastructure for legal and compliance work. Its platform includes tools for legal research, document drafting and summarisation, contract review and regulatory compliance.

NYAI said its technology can be integrated with an organisation’s existing large language models while allowing sensitive legal information to remain within the organisation’s own infrastructure. The startup claimed that its system provides citation-backed results and is designed to prioritise legal accuracy, traceability and accountability.

“In a jurisdiction as layered as ours, a tool is not an answer,” Bhosale said.

He added that law firms and in-house legal teams needed infrastructure they could control, with workflows tailored to their own legal practices rather than a technology provider’s standard system.