Legal AI firm Clio valued at $5 billion in latest funding round

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Legal artificial intelligence company Clio said on Monday it has raised $500 million in a funding round led by New Enterprise Associates (NEA), valuing the company at $5 billion.

The funding comes as demand for AI tools that automate professional and office work grows, with firms looking to streamline routine tasks, reduce costs, and improve decision-making.

Venture capital firms are pouring significant investments into companies developing such AI technology.

The latest round also included participation from existing investors TCV, Goldman Sachs Asset…



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Legal AI firm Clio valued at $5 billion in latest funding round



Legal artificial intelligence company Clio said on Monday it has raised $500 million in a funding round led by New Enterprise Associates (NEA), valuing the company at $5 billion.

The funding comes as demand for AI tools that automate professional and office work grows, with firms looking to streamline routine tasks, reduce costs, and improve decision-making.

Venture capital firms are pouring significant investments into companies developing such AI technology.

The latest round also included participation from existing investors TCV, Goldman Sachs Asset…



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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