San Francisco, Calif. — Streamline AI, founded by a former DoorDash attorney, has announced the completion of an $8.6 million Series A funding round, raising its total financing to $14 million since its inception in 2020. This latest investment, aimed at expanding its operations, was led by Blumberg Capital and included contributions from Tribeca Venture Partners, Acronym Venture Capital, Great Oaks Venture Capital, and Scribble Ventures.
The company offers an intake and matter management platform tailored for in-house legal teams. Its clientele features notable businesses such as Gusto, 8×8, Acorns, and Bloom Energy. Streamline AI plans to leverage the new capital to enhance its reach within mid-market and larger enterprise legal departments.
Streamline AI has developed its platform to tackle the intricate demands of legal operations. It utilizes AI technology to automatically extract and organize information from incoming emails, and also features a conversational AI assistant that addresses routine inquiries, thereby freeing up attorney resources.
Founded by Kathy Zhu, who previously served as commercial counsel at Medallia and DoorDash, alongside Julian Wimbush, a product leader and former Google engineer now acting as CTO, Streamline AI originated from Zhu’s experiences in the legal field. She recognized the challenges faced due to a lack of scalable technologies while managing the increasing complexities in legal requests, particularly evident during DoorDash’s rapid growth amid the pandemic.
“I saw how inefficient manual intake and workflow processes can inhibit even the most skilled legal teams,” Zhu shared. She emphasized that the recent funding will expedite Streamline AI’s mission to eliminate the challenges faced by in-house legal departments.
With its platform currently supporting over 500 in-house attorneys, Streamline AI reports significant efficiency improvements: a decrease of 40-50% in request turnaround times, a 25% increase in response speed, and enhanced metrics to pinpoint process bottlenecks. The platform’s capabilities have expanded to include features for matter management, cross-department collaboration, AI-assisted knowledge management, automated reminders, and document generation.
Pramod Gosavi, a senior principal at Blumberg Capital and a board member at Streamline AI, commended the founders’ deep understanding of legal team operations. “Kathy, Julian, and their team have transformed their insights into a platform delivering tangible results for clients today,” he noted.
For more information or inquiries regarding this article, please contact contact@publiclawlibrary.org. This article was automatically generated by OpenAI, and the details may not be accurate. Any corrections or requests for retraction may also be addressed through the above email.