Bloomberg Law
Nov. 12, 2019, 7:59 PM UTCUpdated: Nov. 12, 2019, 10:11 PM UTC

AI-Backed Law Firm Timekeeper Ping Gets $13 Million Boost (1)

Sam Skolnik
Sam Skolnik
Reporter

Law firm timekeeping startup Ping received a $13.2 million venture funding boost, bolstering the record rise in legal tech investments over the past few years.

The Series A funding round was led by Upfront Ventures and joined by BoxGroup, First Round Capital, Initialized Capital, and Ulu Ventures. It brought total investment in the artificial intelligence-infused software company to $17.4 million, a Ping statement said.

The announcement stands out for at least one big reason: Most recent legal tech investments of note have focused on vendors selling tools to streamline contract management, e-discovery, and broader-based “law practice management” systems, as opposed ...

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