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Legal-tech AI firm Clio hits $5 billion valuation with $500 m raise
Clio raises $500 m in funding led by NEA, valuing the legal-AI firm at $5 billion amid surging demand for automation in law-firms.
Clio, a Vancouver-based legal-AI company, has secured a $500 million funding round led by New Enterprise Associates (NEA), pushing its valuation to $5 billion. The firm builds AI tools for law-firms across 130 + countries, automating case-management, research and workflows. The round also included a $350 million debt facility arranged by Blackstone and Blue Owl Capital to support growth and acquisitions.
The funding underscores rising demand for generative/automation AI in professional services.