SoftBank-backed LegalOn lands $50M to streamline legal workflows with AI

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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 that for the past several years, Tokyo-based LegalOn Technologies has had an open door to that market: its AI contract review software for legal teams is today used by 7,000 organizations across Japan, the U.S. and the U.K., the company claims, and it leads the Japanese market, with 25% of all public companies in the country using its platform.



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SoftBank-backed LegalOn lands $50M to streamline legal workflows with AI


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 that for the past several years, Tokyo-based LegalOn Technologies has had an open door to that market: its AI contract review software for legal teams is today used by 7,000 organizations across Japan, the U.S. and the U.K., the company claims, and it leads the Japanese market, with 25% of all public companies in the country using its platform.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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