Chamelio has raised $26 million in Series A funding, five months after its seed round, as the AI-native platform for in-house legal teams reports fourfold growth in annual recurring revenue.
The round was led by Entrée Capital, with participation from existing investors Work-Bench and Emerge Ventures, alongside Bright Pixel Capital. Chamelio said the funding will be used to further develop its legal AI technology, grow its legal engineering and product teams and invest in its onboarding capabilities.
Founded by Alex Zilberman, Gil Banyas and Gal Lellouche, Chamelio provides an AI-native platform for managing in-house legal and contract workflows. The company now has hundreds of customers, including Wiz, monday.com, Socure, AppsFlyer and Wonderful.ai.
Eran Bielski, General Partner at Entrée Capital, said: “What stood out to us was not only the strength of the product, but how quickly Chamelio’s founders execute, learn from customer feedback, and turn that feedback into a product with category-defining potential.”
Source: PR Newswire
Read the full article: https://www.prnewswire.com/il/news-releases/chamelio-raises-26m-series-a-to-replace-legacy-clm-with-ai-native-in-house-legal-operations-302886011.html
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