Casetext Raises $12M in Series Unknown
Casetext has successfully raised $12M in a Series Unknown at a $650M valuation led by Union Square Ventures, Redpoint Ventures, Walden Venture Capital.
Company Overview
Casetext is a AI/ML company headquartered in 995 Market Street, San Francisco, CA 94103, founded in 2013 with 200+ employees.
AI legal research platform
Fundraising Details
- Amount Raised: $12M
- Round Type: Series Unknown
- Valuation: $650M
- Date: 2024-03-06
- Investors: Union Square Ventures, Redpoint Ventures, Walden Venture Capital
About Casetext
AI legal research platform The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 995 Market Street, San Francisco, CA 94103
- Founded: 2013
- Team Size: 200+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Casetext's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Casetext's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $650M valuation marks an important milestone for Casetext, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Casetext is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-03-06. For more information about Casetext, visit their headquarters at 995 Market Street, San Francisco, CA 94103.
