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Overview
Crosby combines AI with licensed attorneys to speed up contract review for standard documents such as MSAs, DPAs, and NDAs. The platform uses AI agents to analyze contracts, flag common risks, and generate initial redlines, which are then reviewed and finalized by human lawyers to ensure quality. The hybrid model differentiates Crosby from purely legal or purely AI solutions by pairing automated drafting with attorney oversight and by integrating with Slack, email, and CRM so contracts can be submitted within clients’ existing workflows, enabling turnaround times under one hour. Crosby also builds a dynamic legal knowledge base that remembers a client’s historical preferences and negotiation stances to improve efficiency and consistency over time. The goal is to help fast-growing companies scale their legal operations and speed up sales cycles while reducing costs. In 2025 Crosby raised $5.8 million in seed funding from Sequoia Capital and Bain Capital Ventures.
About Crosby
Industries
Enterprise Software
AI & Machine Learning
Legal
Company Size
51-200
Company Stage
Series B
Total Funding
$85.8M
Headquarters
New York City, New York
Founded
2024
Simplify's Take
What believers are saying
- $60M Series B from Lux Capital, Index Ventures boosts platform development.
- Cursor, Clay, UnifyGTM achieve two-hour turnarounds, saving thousands per deal.
- Fixed per-document pricing aligns with startup budgets via optimized TTA metrics.
What critics are saying
- AI redline errors trigger malpractice lawsuits, eroding trust in 12-18 months.
- Harvey AI captures Cursor, Clay with superior enterprise analysis in 6-12 months.
- State bars deem Crosby PLLC unauthorized practice, forcing contraction in 18-24 months.
What makes Crosby unique
- Hybrid model pairs AI agents with Harvard/Stanford lawyers for under-hour reviews.
- Dynamic knowledge base recalls client preferences for MSAs, DPAs, NDAs.
- Integrates into Slack, email, CRMs for seamless sales contract submission.
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Funding
Total Funding
$85.8M
Above
Industry Average
Funded Over
3 Rounds
Index VenturesIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Hybrid Work Options
Remote Work Options
401(k) Retirement Plan
Stock Options
Company News
The alleywatch startup daily funding report: 3/31/2026. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for March 31, 2026 featuring funding details for Crosby, Create Wellness, and much more. This page will be updated throughout the day to reflect any new fundings. Crosby - $60M Series B AI. Crosby, an AI-native law firm that pairs licensed attorneys with proprietary AI software to review commercial contracts at fixed per-document pricing, has raised $60M in Series B funding led by Lux Capital and Index Ventures, with participation from Sequoia Capital, Elad Gil, 01 Advisors, and Bain Capital Ventures. Founded by Ryan Daniels and John Sarihan in 2024, Crosby has now raised a total of $85.8M in reported equity funding. REACH NYC TECH LEADERS Connect with New York's most active founders, investors, and operators. Create Wellness - $20M Series B HEALTHTECH. Create Wellness, a creatine supplement brand known for popularizing the creatine monohydrate gummy, has raised $20M in Series B funding led by Alliance Consumer Growth, with participation from Impact Capital and Unilever Ventures. Founded by Dan McCormick and Sienna McCormick in 2022, Create Wellness has now raised a total of $27.3M in reported equity funding. You are seconds away from signing up for the hottest list in NYC tech! Cara - $8M seed AI. Cara, an AI platform that automates sales and servicing workflows for insurance brokerages and agencies, has raised $8M in Seed funding led by Kearny Jackson, with participation from Claire Hughes Johnson, Kevin Mahaffey, Sam Hodges, and Colin Evans. Cara was founded by Vic Yeh, Nikhil Kansal, and Jonathan Patel in 2024. 23 Broadway - $3M seed AI. 23 Broadway, an AI-powered user acquisition financing platform serving growth-stage gaming companies, has raised $3M in Seed funding led by Betty Ventures and Will Ventures, with participation from 359 Capital, CEAS Investments, and Dave Bartman. 23 Broadway was founded by Jordan Tuch in 2026. Pocket - $1.35M pre-seed HEALTHTECH. Pocket, an AI platform that automates insurance eligibility verification for physical therapy and rehab clinics, has raised $1.35M in Pre-Seed funding led by 2048 Ventures. Pocket was founded by Hannah Kim and Ben Quachtran in 2025.
The startup, which previously received investment from Cooley, will use its new funding to bolster the development of its platform for clients.
Hybrid AI Law Firm, Crosby, has raised $20m in a Series A funding round. Investors include California-based Cooley – which is interesting given effectively this is an investment in another ‘law fir…
Crosby, an AI-assisted law firm led by Ryan Daniels, raised $20 million in Series A funding from Index Ventures and Bain Capital Ventures. The firm uses AI to expedite contract reviews, reducing turnaround times to under an hour. Crosby's approach combines technology with in-house lawyers, allowing startups like Cursor to accelerate growth. The funding will enhance Crosby's processes and expand its customer base, positioning it as a sales enablement tool rather than a traditional legal service.
Crosby Legal, an AI-assisted legal software that streamlines contract review for businesses, raised $5.8 million of Seed funding in a deal led by Sequoia Capital.
Crosby is Hiring for 22 Jobs on Simplify!
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About Crosby
Industries
Enterprise Software
AI & Machine Learning
Legal
Company Size
51-200
Company Stage
Series B
Total Funding
$85.8M
Headquarters
New York City, New York
Founded
2024
Crosby is Hiring for 22 Jobs on Simplify!
Find jobs on Simplify and start your career today