Legal tech is undergoing an AI revolution. Here are the 15 startups that have raised the most funding from VCs like a16z and Menlo Ventures.
August 29, 20240
Clio founder and CEO Jack Newton
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
Ironclad co-founders Jason Boehmig (CEO) and Cai GoGwilt (chief architect)
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
CEO and founder AJ Shankar
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
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
Harvey co-founders co-founders Winston Weinberg and Gabe Pereyra
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
LinkSquares CEO and Founder Vishal Sunak
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
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
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 Technologies
Steno co-founders Greg Hong, Dylan Ruga, and Dan Anderson
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
Eric Voogt, Proof’s Founder and CEO
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.
