LegalOn Technologies, a pioneer in AI-driven contract review and matter management, has successfully closed a $50 million Series E funding round led by Goldman Sachs Growth Equity, totaling $200 million since its inception in 2017. This funding will enhance product development and marketing efforts. LegalOn also announced a partnership with OpenAI to develop advanced legal AI agents, leveraging cutting-edge technology to optimize functionalities. Currently, LegalOn serves over 7,000 clients globally, showing a remarkable 40% year-over-year growth, particularly in the U.S. and U.K. markets. Founded in Japan, LegalOn stands out for combining AI with legal expertise, significantly reducing contract review times by up to 85%. The company’s latest offerings include generative AI features and enhanced matter management capabilities, streamlining workflows for legal teams. Goldman Sachs highlighted LegalOn’s role in reshaping legal technology, asserting its unique position in the market.
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