Sequoia-Backed Crosby Unveils Innovative AI-Driven Law Firm

Crosby, a legal startup that recently raised $5.8 million in seed funding led by Sequoia, is revolutionizing the legal industry by integrating artificial intelligence (AI) directly into its law firm operations. Unlike traditional tech firms selling software to lawyers, Crosby employs its own lawyers who utilize proprietary AI tools to streamline legal services, particularly contract review. The firm claims it can review contracts in under an hour, with ambitions to reduce this time to mere minutes. Founded by Ryan Daniels, a lawyer with a background at Cooley, and John Sarihan, an ex-employee at Ramp, Crosby targets fast-growing startups with efficient contract-negotiation solutions. Having reviewed over 1,000 contracts since its soft launch in January, Crosby highlights innovation through both technology and human expertise. Backed by influential investors, the startup aims to disrupt a $300 billion legal market, addressing the persistent bottlenecks in contract negotiations that hinder growth.

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