Thomson Reuters has acquired Noetica, an artificial intelligence company it previously backed in a US$22-million Series A round in 2024. Financial terms were not disclosed. The Toronto-based firm said Noetica’s technology will be integrated into its CoCounsel AI product, with Noetica’s team joining Thomson Reuters.
The deal follows heightened competition in legal AI after Anthropic launched a legal assistant last week, triggering a sell-off in Thomson Reuters’ stock. Noetica’s platform analyzes corporate deal terms against historical market data. Separately, Thomson Reuters Ventures invested in Bretton AI’s US$75-million Series B.
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