LegalOn Technologies has raised $50 million in Series E funding, led by Goldman Sachs, totaling $200 million in funding since its inception in 2017. A collaboration with OpenAI enables access to advanced AI models. The funds will advance LegalOn's AI product development and market strategies. LegalOn reports over 7,000 customers, growing 40% year-over-year, with a significant presence in Japan's public companies and Fortune 500. Recent upgrades include enhancing its UI and expanding into matter management, evolving from contract review to a comprehensive legal workflow solution.
"Legal teams are buried in time-consuming work that slows them and their businesses down. This funding helps us build and scale AI that eliminates tedious contracting work, streamlining workflows and freeing people to think, decide and lead."
"The Series E raise comes as LegalOn continues to show notable growth across its global operations. The company says it now supports more than 7,000 customers - a 40% increase year-over-year."
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