UAE AlMas Capital invests in Blockchain justice tech platform

Jupitice, the world’s first justice tech platform (JusTech) company, which protrays itself as a ADR global digital court, has raised $4 million in a Pre-Series A round led by UAE based Almas Capital.

Founded by Raman Aggarwal, Jupitice, has designed and developed the next-generation justice tech platform powered by Blockchain, Artificial Intelligence and Machine Learning.

The Indian Chandigarh-based company has raised the fund just a few months after its launch. The funds raised will be utilized in product development and global marketing. Almas Capital, also known as Almascaps, manages its fund management company--Almas Global Opportunity Fund--in the Cayman Islands.

“The way Jupitice is working towards its vision - Justice for all at their doorsteps by harnessing technology - is worth commendable. Undoubtedly, it is a brilliant company with extraordinary people behind it. We are very positive about this investment as it is not about a couple of people or team, but the entire machinery," said Amardeep Sharma, Managing Director, Almas Capital.

“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.