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Legal artificial intelligence company Clio said on Monday it has raised $500 million in a funding round led by New Enterprise Associates (NEA), valuing the company at $5 billion.
The funding comes as demand for AI tools that automate professional and office work grows, with firms looking to streamline routine tasks, reduce costs, and improve decision-making.
Venture capital firms are pouring significant investments into companies developing such AI technology.
The latest round also included participation from existing investors TCV, Goldman Sachs Asset…
