SoftBank-backed LegalOn lands $50M to streamline legal workflows with AI
LegalOn, a SoftBank-backed company, has raised $50 million in a Series C funding round. LegalOn provides AI-powered contract review software for legal teams, aiming to streamline their workflows. The company's software uses machine learning and natural language processing to analyze contracts, identify risks, and suggest edits, helping legal professionals work more efficiently. The latest funding round was led by existing investor SoftBank Vision Fund 2, with participation from other investors. LegalOn plans to use the new funds to further develop its AI technology, expand its customer base, and enhance its product offerings. The company's solutions are designed to help legal teams save time and reduce the risk of errors in contract review and management processes.
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