SoftBank-backed LegalOn Secures $50M, Unveils AI Contract Review and Agent Tools

Jul 25, 2025
TechCrunch
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Summary

SoftBank-backed LegalOn secures $50M funding, unveiling AI-powered contract review software that cuts review times by 85% and AI agent tools developed in partnership with OpenAI, leveraging advanced models grounded in legal expertise.

Key Points

  • SoftBank-backed LegalOn raises $50M to expand its AI contract review software and develop AI agent tools
  • LegalOn's AI tool Review claims to cut contract review times by up to 85% while improving quality and accuracy
  • LegalOn partners with OpenAI to access advanced AI models and build cutting-edge AI agents grounded in legal expertise

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