Court reporting and legal support software provider, Steno, has recently announced two significant developments. Firstly, the company raised an additional $46 million in capital. This comes on the back of their earlier $15 million series B funding round in May 2023 that was led by Left Lane Capital and included participation from Clio Ventures, Clio’s investment subdivision. The additional funding will further the development and expansion of their services, enabling them to offer novel solutions in the legal tech industry.
In addition to securing noteworthy resources, Steno has also unveiled a new generative AI-powered tool, named ‘Transcript Genius’. This innovative tool employs the capabilities of the Claude 3 Opus model from Anthropic to generate document summaries, interrogate transcript contents, and conduct semantic searches. The inclusion of such cutting-edge technology reaffirms their commitment to pushing the boundaries of what is possible in legal tech, further solidifying their reputation as an industry pioneer.
Steno’s steady financial growth and the launch of Transcript Genius both underscore the company’s commitment to expanding the realm of legal tech, thereby providing law professionals with modern tools that enhance both efficiency and accuracy. For more details on Steno’s financial prowess and new AI-powered tool, visit the original article here.