PointOne, the time entry startup, has raised a $16m Series A, led by 8VC, with continued participation from Bessemer Venture Partners, General Catalyst, and Y Combinator. It brings their total funding to $20m after starting three years ago. In the last six months, they have grown revenue 10x, they added.
They noted they now have about 20 staff and plan ‘to stay lean’. But, they will be expanding the PointOne platform in ‘close collaboration with our customers, and hiring for the key roles that will let us keep pace with the demand we are seeing without losing the speed and focus that got us here’, they added.
All well and good, but what do they do?
PointOne automates time entry with AI ‘so that every hour is captured and the data is clean from the start’.
‘Beyond time entry, we have built intelligent bill review, Outside Counsel Guidelines compliance, and pricing intelligence, because we see timekeeping as the foundation of a much larger data strategy for law firms,’ they added.
Jeremy Ben-Meir, Co-founder & CTO, (pictured with co-founder, Katon Luaces), commented: ‘When we looked at the tools law firms were using to manage their most valuable asset, we couldn’t believe what we saw. We built PointOne because we knew the industry deserved infrastructure that actually works, and we’re just getting started.’
However, Adrian Parlow, who was also a co-founder of the company, left before the fundraise to join legal AI platform Legora back in October last year.
More about PointOne here.
—
A Legal Tech Conference For All of Europe
Legal Innovators Europe – Paris – June 24 and 25.
There will be more news about the conference and key speakers as we get closer to June.
Look forward to seeing you there!
Richard Tromans, Founder, Artificial Lawyer and Legal Innovators conference Chair.
Note: the conferences are organised by Cosmonauts – please contact them with any queries.
If you would like to be a speaker at Legal Innovators Europe, especially if you are at a law firm or inhouse legal team in Europe – whether based in France, Belgium, Spain or Germany, or beyond…..then please contact Phoebe at Cosmonauts: phoebe@cosmonauts.biz
Note: if you are a legal tech company, please contact Robins: robins@cosmonauts.biz or Anjana anjana@cosmonauts.biz
–
And if you’re in the US and looking for the next major event to join after Legal Week, then see you in California this June!
Legal Innovators California, the landmark West Coast legal tech event, will take place on June 10 and 11, in the heart of the Bay Area, the home to many of the world’s leading AI businesses – and plenty of legal tech pioneers as well! More information and tickets here.
Discover more from Artificial Lawyer
Subscribe to get the latest posts sent to your email.