Steno Series C Funding: $49M to Disrupt Legal Tech
Steno raises $49M in Series C funding led by Savano Capital Partners to expand its AI-powered legal technology platform and litigation support services.Summary
Steno, a Los Angeles-based legal technology company, has successfully raised $49 million in a Series C funding round led by Savano Capital Partners, with continued participation from First Round Capital and The Legal Tech Fund. The capital will be used to scale operations nationwide, enhance its proprietary platform, and integrate advanced technology into manual legal processes. CEO Greg Hong emphasized the company's unique hybrid model, combining world-class services with cutting-edge AI capabilities to address complex litigation challenges. The funding will also accelerate the development of Transcript Genius, an AI-powered transcript analysis tool, while the company aims to increase its presence in the AmLaw 200 and solidify its position as a premier litigation services provider. Rothschild & Co served as the financial advisor, and Cooley LLP provided legal counsel for the transaction.
(Source：Los Angeles Times)