Eudia, a startup making artificial intelligence software for legal teams, is emerging from stealth mode this week with a $105 million deal led by General Catalyst.
The company plans to announce the funding on Thursday, with a non-traditional twist: Eudia will receive $30 million right away, and will get the other $75 million on the condition that it finds other companies to buy, pending General Catalyst’s approval of the acquisition targets.
It’s part of a larger strategy at General Catalyst to bring AI to regular businesses. “We’re trying to incubate companies that will grow, will go public, where the founders ...
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