Crosby secures $20 million from Index, Bain Capital Ventures, and Elad Gil to advance automation in human-to-human contract negotiations.
New York’s Crosby, the fast-growing legal AI startup, has raised $20 million in new funding led by Index Ventures, Bain Capital Ventures, and Elad Gil, with participation from Sequoia, Cooley LLP, and Patrick Collison. The company says the capital will accelerate its mission to fully automate human-to-human contract negotiations.
When Crosby unveiled its platform just a few months ago, the company had completed reviews of its first thousand contracts—a process that took 173 days. Now, it processes that same volume every three weeks. Despite rapid scaling, Crosby maintains its hallmark speed, with more than 90% of documents returned within hours.
The platform’s legal agents, working alongside barred attorneys, continue to improve with each review, learning which redlines and revisions are least likely to create bottlenecks during deal cycles. As a result, 30% more go-to-market teams partner with Crosby each month to close deals faster.
“Crosby is advancing on our path to fully automate human-to-human negotiations,” the company stated in its announcement. “We’re grateful to keep supporting several of history’s fastest growing companies.”
The latest funding positions Crosby among a new generation of AI-driven legal platforms transforming the speed and efficiency of commercial contracting—combining the precision of legal expertise with the scalability of machine intelligence.