Summary
- Wordsmith AI, a legal AI company founded in 2023, has raised $70 million in Series B funding led by Highland Europe and Index Ventures.
- The platform automates routine legal tasks for corporate legal departments, integrating with tools like email and Slack to enhance internal operations.
- Currently used by over 500 organizations, including BT and Canva, Wordsmith aims to reduce reliance on outside counsel through automation.
- This funding reflects growing investor confidence in legal operations technology as Wordsmith plans to expand its US presence and workforce significantly.
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