New York-based August, an AI startup founded by Columbia University alumni, has raised $7 million in a seed funding round to target midsize law firms. August is an AI platform that helps lawyers handle routine, document-heavy tasks, unlocking new efficiencies and cutting costs. By automating time-consuming paperwork, the platform frees up lawyers to focus on higher-value work, providing a crucial benefit for midsize firms that lack the resources of their deep-pocketed rivals. The seed funding round was led by venture capital firms New Enterprise Associates (NEA) and Pear VC, with backing from prominent angel investors. The funding will be used to expand the company's workforce and continue developing its AI solutions for the legal industry. Congratulations to founders Rutvik Rau, Thomas Bueler-Faudree, Joseph Parker, and the August team. Reuters: https://xmrrwallet.com/cmx.plnkd.in/dj6qaPfh #LegalTech #AI #Automation #VentureCapital #Funding #SeedRound #LawFirms #FutureOfLaw
