IRIS (Insolvency and Restructuring Intelligent Search) — searchable database of Canadian insolvency and bankruptcy court filings. Over 10,000 cases and 175,000 documents with ML-powered analytics. ‘Moneyball for bankruptcy.’ Founded 2019 (Canada). Backed by Gaingels and Florida Funders. AWS Startups listed. 383 LinkedIn followers, 1-10 employees. Subscription-based pricing (not disclosed). Keyword collision: ‘iris’ = flower/eye; correctedEV should be ~0.
Company Info
- Founded: 2019
- Team size: 1-10 employees
- HQ: Canada
- Sector: Legal Research, Transactions
What We Haven’t Verified
This page was assembled from publicly available information. Feature claims and workflow mappings are based on what the vendor and third-party listings publish — not hands-on testing or practitioner feedback.
Workflows
Based on practitioner evidence, Iris is used in these workflows:
What practitioners struggle with
Real frustrations from legal professionals — the problems Iris addresses (or should address). Sourced from practitioner reviews, Reddit threads, and case studies.
Legal research costs $400-600/hour in associate time and takes hours of manual digging — searching Westlaw/Lexis, reading irrelevant results, synthesizing case law. Clients increasingly refuse to pay for research hours on invoices. AI can compress a 4-hour research memo into 20 minutes, but most firms have no approved tool
Bankruptcy attorney handling a Chapter 11 reorganization needs to understand the current state of a disputed issue — say, whether a debtor can assume an executory contract after plan confirmation — but searching Westlaw returns 400+ cases across 50 jurisdictions with conflicting holdings, and the attorney has to spend 8 hours reading and synthesizing before they can advise the client on the likely outcome in their circuit
Where it fits in your workflow
Before Iris
Insolvency practitioner or bankruptcy lawyer receives a new CCAA or BIA mandate — needs to understand how courts have handled similar proceedings, what distribution rates look like, how specific trustees operate
After Iris
Case strategy development, court filing preparation, client advisory on likely outcomes and timelines
Integrations & hand-offs
IRIS case database → lawyer researches comparable insolvency proceedings → identifies precedent positions and analytics → drafts court materials or client advice → files in court
Also used by similar teams
Community Data
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