GC AI, which provides in-house corporate legal teams with AI tools for common tasks, raised a $60M Series B led by Scale and Northzone at a $555M valuation (Sara Merken/Reuters)
PositiveArtificial Intelligence

GC AI has successfully raised $60 million in a Series B funding round, led by Scale and Northzone, bringing its valuation to $555 million. This funding is significant as it reflects a larger trend in the legal technology sector, where investors have recently poured over $750 million into AI startups aimed at enhancing legal services. The increasing reliance on AI tools by corporate legal teams underscores the industry's shift towards technology-driven solutions, making legal processes more efficient and accessible. As the demand for innovative legal tech continues to rise, GC AI's advancements position it well within this rapidly evolving landscape.
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