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Steno, Hebbia, Clio
Clio
Year founded: 2008
HQ: Barnaby, Canada
Most recent funding round: $900 million Series F funding round in July 2024
Total fundraising: $1.2 billion, according to the company
Notable Investors: OMERS Growth Equity, New Enterprise Associates, BlackRock, CapitalG
How it’s using AI: Clio, which provides cloud-based law firm management software, launched an AI-powered partner last year to summarize documents and generate bills.
Icertis
Year founded: 2009
HQ: Bellevue, Washington
Most recent funding round: $80 million Series F in March 2021
Total fundraising: $481.5 million, according to PitchBook
Notable Investors: B Capital Group, Ignition Partners, Greycroft
How it’s using AI: Icertis built a contract management program and offers various AI tools for users to pull and analyze data.
Ironclad
Year founded: 2014
HQ: San Francisco
Most recent funding round: $150 million Series E funding round in January 2022
Total VC fundraising: $333 million, according to the company
Notable Investors: Sequoia, Accel, Franklin Templeton, BOND, Emergence Capital
How it’s using AI: Ironclad provides AI-powered contract review and offers editing as well as data analysis and visualizations.
Rocket Lawyer
Year founded: 2006
HQ: San Francisco
Most recent funding round: $223 million Series E in April 2021
Total VC fundraising: $328 million, according to PitchBook
Notable Investors: GV, Wasabi Ventures, LexisNexis Group
How it’s using AI: Rocket Lawyer provides individuals, families, and small businesses with tools to incorporate a business, create estate plans, and review legal documents. The company uses conversational AI to help individuals navigate legal filings and keep costs down.
Everlaw
Year founded: 2010
HQ: Oakland, California
Most recent funding round: $202 million Series D in November 2021
Total VC fundraising: $298.6, according to the company
Notable Investors: Andreessen Horowitz, CapitalG, HIG Growth Partners, K9 Ventures, Menlo Ventures
How it’s using AI: Everlaw’s cloud-based e-discovery platform helps legal teams collaborate and discover information, and it offers an AI assistant that combs through data and builds legal arguments.
Filevine
Year founded: 2015
HQ: Salt Lake City, Utah
Most recent funding round: $116 Series D in April 2022
Total VC fundraising: $258 million, according to PitchBook
Notable Investors: Meritech Capital Partners, Album VC, Signal Peak Ventures
How it’s using AI: FileVine, which helps lawyers manage cases from intake to billing, uses AI to analyze legal documents.
Harvey
Year founded: 2022
HQ: San Francisco
Most recent funding round: $100 million Series C in July 2024
Total VC fundraising: More than $200 million, according to the company
Notable Investors: Google Ventures, Open AI, Kleiner Perkins, Sequoia Capital, SV Angel, Elad Gil
How it’s using AI: Harvey offers multiple generative AI products for lawyers, including tools for research and governance.
ContractPodAi
Year founded: 2012
HQ: London
Most recent funding round: $115 Series C in September 2021
Total VC fundraising: $173 million, according to PitchBook
Notable Investors: SoftBank, Dittes Ventures, Insight Partners
How it’s using AI: ContractPodAI uses AI for contract management and offers a generative AI tool called Leah to automate some legal projects and tasks.
LinkSquares
Year founded: 2015
HQ: Boston
Most recent funding round: $100M Series C in April 2022
Total VC fundraising: $161 million, according to the company
Notable Investors: G Squared, G2 Venture Partners, Sorenson Capital, Catalyst Investors, Jump Capital, First Ascent Ventures, Hyperplane Venture Capital, MassMutual Ventures, Myriad Venture Partners, Bottomline Technologies
How it’s using AI: LinkSquares brings AI to in-house legal teams on order to search and analyze contracts; assist with negotiations, and manage a company’s entire legal department.
Hebbia
Year founded: 2020
HQ: New York
Most recent funding round: $130 million Series B in July 2024
Total VC fundraising: $160 million, according to the company
Notable Investors: Peter Thiel, a16z, Google Ventures, Index Ventures
How it’s using AI: Hebbia deploys AI agents that can complete due diligence, review regulatory filings, negotiate M&A deals, and other legal tasks, along with tools for finance, real estate, and other industries.
Evisort
Year founded: 2016
HQ: San Francisco
Most recent funding round: $100 million Series C in May 2022
Total VC fundraising: $154 million, according to PitchBook
Notable Investors: Amity Ventures, G Ventures, TCV
How it’s using AI: Evisort built the first large language model (LLM) specifically for contracts and offers an AI-powered contract management program.
LegalOn
Year founded: 2017
HQ: Tokyo and San Francisco
Most recent funding round: $101 million Series D funding round in June 2022
Total VC fundraising: $132 million, according to the company
Notable Investors: Softbank Vision Fund 2, Sequoia China, Goldman Sachs
How it’s using AI: LegalOn uses AI to review and negotiate contracts.
Steno
Year founded: 2018
HQ: Los Angeles
Most recent funding round: $15 million Series B in May 2023
Total VC fundraising: $114 million, according to the company
Notable Investors: First Round Capital, The Legal Tech Fund, Clio, Rivonia Road Capital, Trinity Capital
How it’s using AI: Steno, which offers tech for court reporting and litigation support, has an AI-powered transcription service that can analyze testimony and provide insights and summaries.
Proof Technology
Year founded: 2015
HQ: Boston
Most recent funding round: $30 million Series B in February 2024
Total VC fundraising: $42 million, according to PitchBook
Notable Investors: Clio, Forward VC, The Legal Tech Fund
How it’s using AI: Proof digitizes the process of serving legal documents, and the startup uses AI to collect data and manage informations about lawsuits and court cases.
