Harvey AI is in discussions to raise more than $250 million in a funding round led by Kleiner Perkins and Coatue that would value it at $5 billion, Reuters reported
Category: legaltech
AI, Enterprise, Fundraising, Global Security News, legaltech, Startups, supio
Supio, an AI-powered legal analysis platform, lands $60M
Supio, a startup that uses AI to automate data collection and analysis for legal teams, has raised $60 million in a funding round led by Sapphire Ventures with participation from Mayfield and Thomson Reuters Ventures. The new capital, which brings Supio’s total raised to $91 million, will be put toward growth, hiring, and go-to-market efforts,…
AI, Enterprise, Fundraising, Global IT News, Global Security News, law, lawtech, Legal, legaltech
Legal AI-startup Luminance, backed by the late Mike Lynch, raises $75M
Given Generative AI is very good at interpreting dense texts, it’s been a boon for startups attacking one of the most complex sets of texts there is: the law. We’ve thus seen an explosion of legal tech, supercharged by AI, in the last year or so. Lawtech startup Eudia bagged $105 million only last week. …
AI, contract lifecycle management, Enterprise, Exclusive, Funding, Fundraising, Global IT News, Global Security News, legal tech, legaltech, SpotDraft, startup, Startups
SpotDraft taps AI to help streamline contract management
More and more legal professionals are embracing AI, surveys show. Per a recent poll from legaltech company Clio, 79% of firms used some form of AI for casework last year, up from just 19% in 2023. Despite some skepticism of the tech, in-house counsel has shown an interest, as well, with one survey suggesting that…