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Sequoia-backed Crosby launches a new kind of AI-powered law firm
The tech industry talks a lot about how AI is going to transform work. Legal startup Crosby, which just came out of stealth, is an extreme example.
Legal startup Crosby, which just came out of stealth with a $5.8 million seed round led by Sequoia, is perhaps the most extreme example of what’s coming that we’ve seen to date. The company is currently promising that its AI software, with human overseers, can review a new client contract in under an hour. Contract negotiations and legal review were such a bottleneck at the company that they were the “reason why we weren’t growing as fast as we wanted to.”
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