Goldman, Google Back Legal Tech in $1 Billion Funding Rounds (1)

Two tech startups focused on making legal work more efficient announced $1 billion in combined new funding Tuesday from some of the top investors in the space.

Clio, a cloud software platform for automating legal work, raised $900 million from investors including Goldman Sachs Asset Management, it said.

Harvey, a generative artificial intelligence startup, said it raised $100 million from investors led by Google Ventures.

The announcements were unrelated.

“It’s pretty clear that AI is driving a lot of this,” said Dan Linna, director of law and technology initiatives at Northwestern University’s law and engineering schools, referring to the funding ...