SoftBankbacked LegalOn lands $50M to streamline legal workflow with AI | TechCrunch

Image for article SoftBankbacked LegalOn lands $50M to streamline legal workflow with AI | TechCrunch
News Source : TechCrunch

News Summary

  • LegalOn’s AI contract review tool, Review, identifies risks and suggests edits based on playbooks built by lawyers.
  • The company claims Review cuts review times by up to 85% while improving quality and accuracy.
  • LegalOn now wants to further build out AI agent tools to go along with its software, and recently raised $50 million to do just that.
  • The Series E funding round is being led by Goldman Sachs’ growth equity fund, and saw participation from existing investor World Innovation Lab (WiL)
Contract review remains a slow, manual process that strains legal teams, forcing lawyers to sift through dense language, flag risks, and translate legal terms.In fact, the problem is so prevalent t [+3980 chars]

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