Legal AI Startup Eve Launches with $14M as Investors Bet on Automating Legal Work
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Eve, a new legal AI startup, launched with $14M in seed funding from Lightspeed and Menlo Ventures. It offers an AI assistant for tasks like document review.
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The legal AI market is attracting more startups and investor interest as law firms explore automating work. Recent examples are LegalMation ($15M Series A) and EvenUp.
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Competitors include Harvey AI (backed by Sequoia) and in-house tools at law firms to keep data secure.
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No clear leader has emerged yet in the evolving legal AI market. Enthusiasm remains high for the technology's potential to speed up legal work.
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The article is by Sara Merken, who reports on legal innovation and law firms for Reuters. She notes law firms' interest in AI amid the crowded startup landscape.
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