Eudia Lands $105 Million: Time to Scale Up and Snag Deals!
Eudia gets about $105m to further advance its ‘Augmented Intelligence’ platform.
Eudia may have flown under the radar for over a year, but the ‘Augmented Intelligence’ platform for Fortune 500 legal teams has announced the close of its Series A funding round. It recorded ‘up to $105 million’, led by General Catalyst, and participation from many others.
Eudia enables Chief Legal Officers (CLOs) to ‘go beyond problem-solving – proactively driving many critical aspects of companies. This includes company strategy, strengthening risk management, and capturing untapped value for their business, the company said. Cargill, DHL, Duracell, and Coherent are some notable clients.
Boosting Efficiency and Workflow
According to Omar Haroun, a serial entrepreneur with over a decade in Fortune 500 legal technology, and the Co-Founder and CEO of Eudia, "Visionary CLOs see AI’s potential but understand they cannot compromise on trust, accuracy, or a deep understanding of their organization’s unique context." He further stated that "Eudia combines a proprietary Augmented Intelligence platform with human expertise to supercharge legal professionals, helping organizations scale efficiently, mitigate risk effectively, and unlock billions in unrealized business value."
Other notable investors include Hakluyt Capital, Defy, Everywhere Ventures, Floodgate, Sierra Ventures, B3 Capital, Backbone, Firsthand. Prolific angel investors like Gokul Rajaram, Chris Re, Andrew Sieja, Mike Gamson, and Scott Belsky make up a strong list.
