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Sandstone raises $30M to bring AI to in-house legal teams

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With Harvey and Legora burning through eight-figure funding rounds, legal tools have proven to be one of the fastest-growing and most hotly contested verticals among AI startups. But while those tools focus on private practice, some startups believe there’s still plenty of the legal market that isn’t being served.

Sandstone, which announced $30 million in Series A funding on Tuesday, is focused on an overlooked slice of the legal space, focusing on the tangle of overlapping tasks and systems facing in-house legal teams.

The Series A was led by Lightspeed Venture Partners, with participation from existing investors at Sequoia, Mantis VC, SV Angel, Operator Partners, Kearny Jackson, Daybreak Ventures, Litquidity Ventures, and others. The Series A comes just six months after a $10 million seed round in January, which was led by Sequoia.

As the founders describe it, Sandstone’s initial user base will be the legal departments at small...

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Oxmiq, which aims to combine GPUs, CPUs, and a tensor engine into a single block of IP that it can license, raised $35M led by Samsung Catalyst Fund and Fudomo

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