Investment in AI-driven legal technology has reached an all-time high, signaling a significant shift in the legal industry towards automation and enhanced efficiency. Companies like Filevine are leading the charge, attracting substantial venture capital and reshaping how legal services operate. The trend reflects growing confidence in AI's potential to streamline legal processes.
Saphyre has raised $70 million in growth equity from FTV Capital to expand its AI-driven platform that automates financial workflows. The funding will support Saphyre's international growth, product development, and integration within the financial services sector, enhancing efficiency for over 75 global financial institutions.