Eudia, a provider of augmented intelligence solutions for legal teams, announced the close of its Series A funding round of $105 million.
General Catalyst led the investment round with participation from Floodgate, Sierra Ventures, Hakluyt Capital, Defy, Everywhere Ventures, B3 Capital, Backbone, Firsthand, as well as prolific angel investors Gokul Rajaram, Chris Re, Andrew Sieja, Mike Gamson, and Scott Belsky.
Eudia offers an AI platform that allows legal departments to automate routine manual work, gather unseen insights, and deliver measurable business value to clients. The company helps Chief Legal Officers efficiently scale operations, mitigate risk, optimize external counsel spend, and free their teams from the ‘toil’ of menial legal tasks. Its platform is used by Fortune 500 companies, including Cargill, DHL, Duracell, and Coherent.
“Eudia represents the next generation of legal —one that leverages AI responsibly and effectively to address the nuanced needs of in-house legal teams,” said Hemant Tenja, CEO and Managing Director of General Catalyst.
“We’re excited to support Eudia as they redefine what is possible for Chief Legal Officers and their organizations using applied AI,” added Hemant Tenja.