Why We Invested in Newcode.ai

We are excited to announce our investment in Newcode.ai, a company building the world’s first AI-native operating system for legal, enabling firms to delegate complex, multi-step work and receive complete deliverables. While many legal technology products focus on narrow use cases such as contract drafting, tabular review, or document review, Newcode is building a more flexible platform for how firms actually want to use AI: securely, within their own environments, and embedded into the workflows lawyers already rely on.

When Maged Helmy, founder and CEO of Newcode.ai, was building AI systems, he recognized a core disconnect in the legal market. Most AI products asked firms to adapt their practices to the software. Newcode was built on the opposite premise: AI should adapt to the firm. That means working within a firm’s existing systems, standards, documents, and review processes rather than forcing a new way of working.

Built by a deeply technical founding team with strong AI and software expertise, Newcode enables firms to deploy AI in a secure, context-aware, and configurable way. The platform supports a range of legal work, from drafting and enterprise search to conversational access to firm knowledge and automated workflows. Underneath that experience is a powerful workflow and agent orchestration layer that allows firms to structure how work gets done across their data, templates, and internal systems. As a result, lawyers can increasingly ask for work products in natural language while the platform coordinates the underlying tools and processes required to produce it.

We think this combination is especially important for law firms. Adoption does not happen just because a model is powerful. It happens when the product fits the firm’s security requirements, reflects its internal standards, and can be deployed in a way that preserves control over client data and work product. Newcode’s ability to integrate with existing systems and support on-premises, private cloud, or secure hosted deployments makes it well suited for the realities of legal practice.

The opportunity here is broader than automating individual tasks. Legal teams are under growing pressure to deliver work faster, more consistently, and with greater leverage, while clients increasingly expect technology-enabled efficiency. Firms want AI that is not only useful in isolated moments, but usable across matters and practice groups in a way that is governed, auditable, and aligned with how the institution operates. We believe Newcode is well positioned to help meet that need.

At The LegalTech Fund, we back companies building the infrastructure for the next generation of legal work. Newcode fits that vision well. The company combines technical depth with a pragmatic understanding of law firm requirements, and is building a platform that can help firms adopt AI in a way that is both ambitious and institutionally credible.

We are proud to welcome Newcode.ai to our portfolio and look forward to supporting Maged and the team as they build.