Harvey Hits $100M Revenue, Caseflood Raises $3.2M, and August Gets $7M Boost - Legal AI Weekly #18
August 08, 2025 -
Legal AI Weekly
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In this edition of Legal AI Weekly, we bring you the latest developments in the intersection of artificial intelligence and the legal industry. Caseflood, a California-based startup, has successfully raised $3.2 million to advance its AI voice agents tailored for the legal sector, with notable backing from Y Combinator. Meanwhile, legal AI startup Harvey has achieved a remarkable milestone by reaching $100 million in annual recurring revenue, expanding its client base to over 500, including major corporations like Comcast.
Additionally, August, an AI platform aimed at midsize law firms, has secured $7 million in funding with contributions from David Azose of OpenAI. In other news, Ironclad has announced new executive appointments as it surpasses 2 billion contracts processed, and Aderant has acquired legal tech assets from HerculesAI to enhance its solutions. Lastly, LegisIQ has launched a comprehensive AI platform for legislative tracking, offering real-time intelligence and an AI toolkit for legislative professionals.
In this edition of Legal AI Weekly, we bring you the latest developments in the intersection of artificial intelligence and the legal industry. Caseflood, a California-based startup, has successfully raised $3.2 million to advance its AI voice agents tailored for the legal sector, with notable backing from Y Combinator. Meanwhile, legal AI startup Harvey has achieved a remarkable milestone by reaching $100 million in annual recurring revenue, expanding its client base to over 500, including major corporations like Comcast.
Additionally, August, an AI platform aimed at midsize law firms, has secured $7 million in funding with contributions from David Azose of OpenAI. In other news, Ironclad has announced new executive appointments as it surpasses 2 billion contracts processed, and Aderant has acquired legal tech assets from HerculesAI to enhance its solutions. Lastly, LegisIQ has launched a comprehensive AI platform for legislative tracking, offering real-time intelligence and an AI toolkit for legislative professionals.
Caseflood Raises $3.2 Million for AI Voice Agents
California-based startup Caseflood has secured $3.2 million in funding to develop AI voice agents for the legal sector, with backing from Y Combinator and others. Read more
Harvey Achieves $100 Million in Revenue in Legal AI
Legal AI startup Harvey has reached $100 million in annual recurring revenue, marking a significant milestone just three years after its launch. The company has expanded its client base to over 500, including major corporations like Comcast. Read more
August Secures $7 Million Funding with OpenAI's David Azose
August, an AI platform for midsize law firms, has raised $7 million in a funding round led by NEA and Pear VC, with backing from David Azose of OpenAI. Read more
Ironclad Announces New Executive Appointments
Ironclad has appointed Sunita Verma as CTO, Elise Bergeron as Chief Strategy Officer, and David Simon as SVP of Go-To-Market as the company surpasses 2 billion contracts processed. Read more
Aderant Acquires Legal Tech Assets from HerculesAI
On August 7, 2025, Aderant announced its acquisition of legal technology assets from HerculesAI, including its AI platform for billing compliance. This move aims to enhance Aderant's work-to-cash solutions with advanced machine learning capabilities. Read more
LegisIQ Launches AI Legislative Tracking Platform
LegisIQ has introduced a platform designed to track and analyze legislation across all 50 states, offering features such as real-time intelligence and automated bill monitoring. Read more
AI Startup August Secures $7 Million for Legal Automation
The AI startup August, founded by Columbia University alumni, has successfully raised $7 million in seed funding to enhance services for midsize law firms. The funding aims to automate routine legal tasks, enabling lawyers to concentrate on more complex work. Read more
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