Legal AI Startup Wordsmith Raises $70 Million Series B, Total Funding Hits $100 Million
Edinburgh-based legal AI startup Wordsmith has raised a $70 million Series B led by Index Ventures and Highland Europe, bringing its total funding to $100 million. The company builds AI tools for in-house legal teams that help lawyers draft contracts, handle legal questions and route legal work across a business.
Wordsmith said more than 500 in-house teams use its software to organize, route and complete legal work, helping companies keep more work in-house and reduce reliance on outside counsel and law firms. The company said revenue grew 14-fold over the past 12 months.
From the sources (5 posts)
@sebjohnsonukOne of the UK's top legal AI startups, has just raised a HUGE $70m Series B! 🏴 🇬🇧 Professional services play a huge part in the British economy. This means our economy is massively at risk of being gutted by AI companies who are d
@thescotsmanEdinburgh-based legal AI firm Wordsmith raises $70m for huge scale-up
@businessinsiderWordsmith, a startup building AI software for corporate legal teams, has raised $70 million in funding from Index Ventures and other backers.
@techmemeWordsmith, whose AI tools help in-house lawyers draft contracts, handle legal questions, and more, raised a $70M Series B, bringing its total funding to $100M (@meliarobin / Business Insider) (Visit Techmeme dot com for the link and full c
@indexventuresTwo years ago, we were thrilled to partner with Wordsmith as they set out to empower in-house legal teams. Today we’re supporting them again as part of a $70M Series B as they bring legal work back in-house and away from law firms. https:/