# Darrow AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/darrow-ai

- Industry: Software
- Headquarters: New York, US
- Website: www.darrow.ai
- Total disclosed funding: $58M
- Latest round: Series B (Sep 19, 2023)
- Investors on record: 5

## About

Founded in 2020 and based in New York, Darrow AI specializes in advanced legal intelligence solutions, enhancing efficiency for law firms while managing emerging legal risks and connecting with clients.Darrow AI Ltd. focuses on providing legal intelligence solutions, specifically targeting law firms in the US. The company was founded by Elad Spiegelman, Evyatar Artzi, and Gila Hayat, with Evyatar Artzi serving as CEO. The firm has completed three deals, with its most recent funding round being a Series B on September 19, 2023, led by Georgian and including investors like F2 Venture Capital and Entrée Capital. In this round, Darrow AI raised USD 34.335 mn, bringing the total amount raised to USD 34.335 mn and valuing the company at USD 165.299 mn post-money. The firm is headquartered in New York, US.Darrow AI specializes in providing advanced legal intelligence solutions designed to enhance the efficiency and effectiveness of law firms in managing emerging legal risks and connecting with potential clients. Their flagship product, PlaintiffLink, streamlines the process of identifying qualified plaintiffs for litigation cases, complemented by a suite of AI-driven tools for proactive legal risk management. Targeting top US law firms across various practice areas such as antitrust and labor law, Darrow's technologies enable attorneys to develop data-driven strategies and expedite filings, thereby improving client service.Darrow AI generates revenue through subscription-based access to its products, particularly the PlaintiffLink platform and other enterprise solutions. Clients, primarily law firms, subscribe to various service tiers to utilize Darrow's legal intelligence tools for managing high-value cases. The pricing structure reflects the value of the technology, enabling firms to optimize their litigation processes and foster strong relationships with clients.In September 2023, Darrow AI Ltd. raised USD 34.33 mn in Series B funding, which will be used to enhance its search and analytics tools and recruit additional developers and engineers. The company aims to expand its product offerings and penetrate new markets, although specific new products and regions have yet to be disclosed. This funding, led by Georgian with participation from returning investors, establishes a strong financial foundation for Darrow's future growth strategies.

## Funding rounds

- Series B, Sep 19, 2023, $34M — Georgian, Entree Capital, NFX, F2 Venture Capital
- Series A, Nov 7, 2021, $20M — Y Combinator, Entree Capital, NFX, F2 Venture Capital
- Seed, Jan 1, 2021, $4M — NFX

## Investors

- NFX (https://capitalatlas.ai/funds/nfx) — Seed, Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series A, Series B
- F2 Venture Capital (https://capitalatlas.ai/funds/f2-venture-capital) — Series A, Series B
- Georgian — Series B