Source: Streamline AI
Streamline AI, the AI-powered intake & matter management platform built for in-house legal teams, announced it has closed $14M in total funding, following a $8.6M Series A round led by Blumberg Capital, with participation from Tribeca Venture Partners, Acronym Venture Capital, Great Oaks Venture Capital, and Scribble Ventures. Trusted by legal teams at industry leaders such as Gusto, 8×8, Acorns, and Bloom Energy, the new capital will fuel market expansion to meet surging demand from mid-market and enterprise legal departments struggling with manual processes and resource constraints.
“I witnessed firsthand how manual intake and workflow processes can cripple even the most talented legal teams,” said Kathy Zhu, CEO and co-founder of Streamline AI. “This funding will accelerate our mission to eliminate the frustrations and inefficiencies that plague in-house legal departments. We’ve spoken to hundreds of attorneys over the past year and the takeaway is clear: in-house teams desperately need to move away from emails and spreadsheets to a centralized system purpose-built for legal workflows. Legal should be viewed as a revenue-enabler, not a cost-center.”
Streamline AI supports more than 500 in-house lawyers and has been credited with major efficiency gains, including 40-50% reduction in request turnaround times, 25% faster response times, and new metrics and insights to identify process bottlenecks. Beyond its powerful legal intake and triage capabilities, its product suite has rapidly expanded, with new features for matter management, cross-functional collaboration, AI-powered knowledge management, automated reminders, and document generation. Streamline AI has also developed robust integrations, including deep, two-way functionality with the CLM category leader, Ironclad, alongside pre-built connections to key legal systems and a powerful API for custom extensions.
“Kathy, Julian and team bring an exceptional, inside-out understanding of how legal teams operate – and they’ve translated that into a platform that’s driving real results for customers today,” said Pramod Gosavi, Sr. Principal at Blumberg Capital and Streamline AI board member. “The team’s customer-first approach, combined with early traction from forward-thinking legal teams, puts them in a powerful position to define the future of how modern in-house legal departments operate.”
Read the full article: https://www.streamline.ai/blog/series-a-funding-announcement
