TechCrunch Startup News SoftBank-backed LegalOn lands $50M to streamline legal workflow with AI
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Jul 25, 2025 LegalOn Technologies is making waves with its AI-driven contract review software, aimed at streamlining legal workflows. Recently, they've secured $50 million in Series E funding, led by Goldman Sachs, which will help propel their expansion. The discussion highlights the innovative impact of AI in the legal sector and the exciting prospects ahead for the startup.
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AI Cuts Contract Review Time
- LegalOn's AI contract review tool cuts review times by up to 85% while improving quality and accuracy.
- It uses playbooks built by lawyers aligned with legal standards for risk identification and edits.
Lawyer-Crafted AI Advantage
- LegalOn's legal AI stands out due to its foundation in lawyer-drafted expert legal content.
- This approach ensures accuracy, consistency, and out-of-the-box usability from day one.
Product Launch and OpenAI Partnership
- LegalOn launched Matter Management to help teams track requests, assign owners, and collaborate.
- The company partnered with OpenAI for early access to advanced AI models to build cutting-edge agents.