Eudia Closes $105 Million Series A Round

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">PALO ALTO <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; Eudia&comma; an Augmented Intelligence platform for Fortune 500 legal teams&comma; has closed its Series A funding round for up to <span class&equals;"xn-money">&dollar;105 million<&sol;span>&comma; led by <b>General Catalyst <&sol;b>with participation from Floodgate&comma; Sierra Ventures&comma; Hakluyt Capital&comma; Defy&comma; Everywhere Ventures&comma; B3 Capital&comma; Backbone&comma; Firsthand&comma; as well as  angel investors <span class&equals;"xn-person">Gokul Rajaram<&sol;span>&comma; <span class&equals;"xn-person">Chris Re<&sol;span>&comma; <span class&equals;"xn-person">Andrew Sieja<&sol;span>&comma; <span class&equals;"xn-person">Mike Gamson<&sol;span>&comma; and <span class&equals;"xn-person">Scott Belsky<&sol;span>&period;<&sol;p>&NewLine;<p>In tandem&comma; Eudia unveiled its name&comma; mission&comma; and platform to the public after operating in stealth for the past 18 months&period; As an Augmented Intelligence platform tailored to the unique needs of in-house legal departments&comma; Eudia is reimagining how legal teams operate—providing agentic capabilities that augment human expertise&comma; optimize risk&comma; and unlock significant business value&period;<&sol;p>&NewLine;<p>The legal industry faces a unique challenge&colon; balancing the growing demand to support businesses at unprecedented speeds while maintaining an uncompromising approach to risk management&period; In-house legal teams are overwhelmed&comma; relying on expensive outside counsel tied to outdated billable-hour models&comma; while current AI tools risk accuracy&comma; privacy&comma; IP&comma; and security&period;<&sol;p>&NewLine;<p>Eudia believes in a future where legal leaders transcend these limitations&period; The company&&num;8217&semi;s Augmented Intelligence Platform empowers legal departments to own their institutional knowledge&comma; harness it through AI&comma; and supercharge their in-house lawyers&period; By blending AI with human expertise&comma; Eudia enables Chief Legal Officers &lpar;CLOs&rpar; to go beyond problem solving—proactively driving company strategy&comma; strengthening risk management&comma; and capturing untapped value for their business&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Visionary CLOs see AI&&num;8217&semi;s potential but understand they cannot compromise on trust&comma; accuracy&comma; or a deep understanding of their organization&&num;8217&semi;s unique context&comma;&&num;8221&semi; said <b><span class&equals;"xn-person">Omar Haroun<&sol;span>&comma; Co-Founder and CEO <&sol;b>of Eudia&period; &&num;8220&semi;Eudia combines a proprietary Augmented Intelligence platform with human expertise to supercharge legal professionals&comma; helping organizations scale efficiently&comma; mitigate risk effectively&comma; and unlock billions in unrealized business value&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Already trusted by leading organizations&comma; Eudia&&num;8217&semi;s solutions are being used by the CLOs of some of the world&&num;8217&semi;s most prominent Fortune 500 companies&comma; including <b>Cargill<&sol;b>&comma; <b>DHL&comma; Duracell&comma; and Coherent&period;<&sol;b><&sol;p>&NewLine;<p>&&num;8220&semi;Eudia is not a software provider&comma; it is the future of our department&period; Eudia is headcount I don&&num;8217&semi;t have to hire&comma; it&&num;8217&semi;s enterprise risk reduction in that it helps us understand the legal data we already have&period; It&&num;8217&semi;s a major part of our transformation story&period; The team has earned my trust over the past 18 months&comma; delivered significant ROI&comma; and enabled my legal team to act as a real strategic partner to the business&comma; by building an AI brain that delivers information and insights that were previously inaccessible or cost-prohibitive&comma;&&num;8221&semi; said <b><span class&equals;"xn-person">Rob Beard<&sol;span>&comma; Chief Legal Officer of Coherent<&sol;b>&period;<&sol;p>&NewLine;

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