Atrium raises $65M from a16z to replace lawyers with machine learning

Fundings and Exits

Let the computers do the legal busywork so attorneys can focus on complex problem solving for their clients. That’s the lucrative idea behind Atrium LTS, Twitch co-founder Justin Kan’s machine learning startup that digitizes legal documents and builds applications on top to speed up fundraising, commercial contracts, equity distribution, and employment issues. For example, one of its apps automatically turns startup funding documents into Excel cap tables.

Automating expensive legal labor has led to a rapid rise to 110 employees and 250 clients for Atrium including startups like Bird and MessageBird. Atrim only came of stealth a year ago with a $10.5 million party round before going into Y Combinator last winter. Today it announces its raised a $65 million round led by Andreessen Horowitz with famed partner Marc Andreessen joining the board as an observer and the firm’s Andrew Chen taking a board seat.

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