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AI legal tech startup Eudia secures $105m in funding

Eudia, an AI software startup focused on legal teams, has secured US$105 million in funding.

This round was led by General Catalyst, which is providing US$30 million upfront, with an additional US$75 million contingent upon Eudia identifying acquisition targets approved by the firm.

This funding is part of General Catalyst’s US$1.5 billion Creation fund, aimed at advancing AI technology in sectors that have been slower to adapt.

These sectors include legal, accounting, and call centers.

Eudia’s platform uses AI to assist in-house legal teams with tasks like contract parsing, risk assessment, and compliance checks.

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