Sandstone, a legal technology startup that applies artificial intelligence to legal workflows, raises $30 million in a Series A funding round. Multiple outlets report that the round is led by Lightspeed Partners (also referred to as Lightspeed Venture Partners) with participation from Sequoia. The company says the new capital will be used to expand its enterprise offering for in-house legal teams and to add staff. Specifically, Sandstone plans to hire people with expertise in both technology and law, aiming to support product development and broader deployment within customer organizations.
The funding announcement is reported as occurring on June 9. While sources focus primarily on the amount raised, lead and participating investors, and intended uses of the funds, they consistently describe Sandstone’s goal of bringing AI capabilities directly into the day-to-day operations of in-house legal departments.
