Overview
- Steno, which announced a $49 million Series C on Thursday, said Savano Capital Partners led the round with backing from First Round Capital and The Legal Tech Fund.
- The company said the new money will triple investment in geographic expansion and speed the next version of Transcript Genius, its AI transcript analysis tool.
- Steno aims to win more work from larger U.S. law firms in the AmLaw 200 as it grows a bundle of services that includes remote proceedings software and a marketplace for court reporters.
- The company said thousands of law firms now use its platform each month, reflecting demand for tools that streamline depositions, hearings, and transcript review.
- Artificial Lawyer reported the round was all equity and estimated total funding since 2018 at about $150 million including debt, while Steno named Rothschild & Co and Cooley as advisors on the deal.