Source: PointOne
PointOne, the AI timekeeping and billing startup, closed a $3.5M seed round, with participation from Bessemer Venture Partners, 8VC, General Catalyst, Y Combinator, and a Cooley-affiliated investment fund.
PointOne’s mission is to support firms in the transition to AI, by automating tasks they don’t want to do and using data to enable more intelligent decision-making. The startup looks to leverage generative AI to “make timekeeping and billing go away as something that attorneys have to do,” its co-founder noted.
The startup is already helping law firms cut out billing admin and improve revenue and profitability. This funding will allow PointOne to further invest in its core offering, expand the product suite with new capabilities, and bring its solutions to hundreds more firms around the world.
Other investors include Soma Capital, Rebel Fund, Ritual Capital, Script Capital, Twenty Two Ventures, Harvest Ventures, Chris Golda, and more, including several of their customers.
Read the full article: https://pointone.ai/blog/seed-round
