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Crosby

Category: AI in Legal

An AI-powered hybrid law firm that combines proprietary AI with human lawyers to accelerate contract negotiations for businesses. Crosby was founded in 2024. The company is led by Ryan Daniels. Based in New York, USA. Team size: 11-50. Total funding raised: $25.8M. Latest round: Series A. Key investors include Index Ventures, Bain Capital Ventures, Sequoia Capital, Cooley, Elad Gil, Patrick Collison.

Founded
2024
Headquarters
New York, USA
Team size
11-50
Total funding
$25.8M

Value proposition

To provide fast, efficient, and cost-effective legal contract reviews, turning them around in under an hour, at a fraction of the cost of traditional law firms by using a fixed, per-document pricing model instead of billable hours.

Products and solutions

["AI-powered contract review services for various agreements including MSAs, DPAs, NDAs, SOWs, and order forms."]

Unique value

Crosby's uniqueness lies in its business model as a 'hybrid' or 'agentic' law firm. Instead of selling software to other law firms, it has built its own law firm that integrates proprietary AI with in-house lawyers to own the entire contract review process end-to-end.

Target customer

Fast-growing technology companies and startups.

Industries served

["Legal Services","Technology"]

Technology advantage

Their key advantage is the combination of proprietary AI for speed and efficiency with the safety and expertise of their own lawyers-in-the-loop. This allows them to offer a complete, managed solution with a disruptive business model that replaces the traditional billable hour with a fixed, per-document fee, focusing on 'deal velocity'.

How they differentiate

Crosby differentiates itself by being a 'hybrid AI law firm' rather than just a software provider. It combines its proprietary AI technology with human lawyers to offer end-to-end legal services, focusing on speed and efficiency. Their model is built to handle contract reviews (like MSAs, DPAs, and NDAs) in under an hour, which is significantly faster than traditional firms.

Main competitors

["Ironclad","Evisort","Traditional law firms"]

Key partnerships

["Cooley (investor and strategic partner)","Sequoia Capital (investor)","Bain Capital Ventures (investor)","Index Ventures (investor)"]

Notable customers

["Specific notable customers have not been publicly disclosed."]

Major milestones

["Successfully raised a $5.8M Seed round.","Secured a $20M Series A funding round.","Received a strategic investment from Cooley, a prominent law firm, validating their hybrid model."]

Growth metrics

Specific growth metrics such as revenue or customer numbers are not publicly available.

Market positioning

Crosby is positioned as a tech-forward, AI-powered law firm designed for high-growth technology companies. It targets businesses that need to execute a large volume of contracts quickly and efficiently, offering a more streamlined and cost-effective alternative to traditional legal services.

Geographic focus

Based in San Francisco and backed by US investors, Crosby's primary geographic focus is the United States, with a strong emphasis on the tech industry.

Patents and IP

Information not publicly available.

About Ryan Daniels

Corporate attorney at Cooley and Gunderson Dettmer, where he advised hundreds of technology companies on venture capital financings and M&A transactions.

Official website: