Wordsmith Raises $70m Series B

Breaking News: Wordsmith AI has announced a $70 million Series B funding round with investment from Highland Europe and Index Ventures among others.

Wordsmith will use the funding to accelerate development of its AI platform, scale towards 300 people globally by the end of the year, double down on the US market, and support growing demand from corporate legal departments looking to bring more work in-house, reduce spend on outside counsel, and measure legal’s impact across the business, they said.

‘Legal does not need another filing cabinet, and it does not need another copilot that simply helps one lawyer work faster,’ said Ross McNairn (pictured), CEO and co-founder of Wordsmith. ‘Wordsmith is the front door that does the work. Requests come in, AI agents process the routine, lawyers approve what needs judgment, and every step is recorded as it happens. We are building the system Legal runs on: one place where work comes in, gets owned, gets completed and measured.’

Jean Tardy-Joubert, Partner at Highland Europe commented: ‘What is most exciting about Wordsmith is that this is a tool built for companies, rightfully involving all employees in legal affairs, in coordination with the in-house legal team. By taking a vertical approach, Ross and the Wordsmith team have established themselves at the forefront of the sector, with demonstrable market traction, impressive growth and more than 500 satisfied customers.’

Wordsmith was founded by CEO Ross McNairn, CTO Volodymyr Giginiak, and COO Robbie Falkenthal. McNairn is a former lawyer turned technology executive who helped scale Perk from $1m to $200m in ARR and previously held senior roles at Skyscanner before its $1.7 billion exit. Giginiak spent more than a decade at Facebook and Instagram and over six years at Microsoft. Falkenthal spent more than six years at KPMG Dublin and later held senior leadership roles at Perk.

More later, got to do a webinar now.

–

—

Legal Innovators California Conference is Next Week – June 10 and 11 in San Francsico. 

For the first time at the California conference, we are providing complimentary tickets, which includes all sessions, breaks, lunch, and the evening networking drinks reception in the heart of the Bay Area, which in turn is the bustling centre of the global AI industry – and which is now changing the legal tech world itself.

Legal Innovators California is also the largest and most pioneering legal tech event on the West Coast of the USA – but we only hold it once per year, each June. So, if you’d like to join us next week, then get your skates on and claim your ticket! There’s so much happening now in legal tech and AI, this is an incredible opportunity to be right at the center of the action, with those who are shaping the future of our industry!